Retail forex broker LiteForex today announced in a corporate statement that it is extending the list of cryptocurrency trading pairs to include additional altcoins instruments, alongside the installed Bitcoin.
The step confirms that there is significant demand amongst traders for such alternative asset classes, with the launch just one more example of a brokerage enhancing its position on the cryptocurrency bandwagon.
Founded in 2005, LiteForex is domiciled in Cyprus where its Liteforex (Europe) Ltd brand is regulated by CySEC. It also maintains an offshore branch in Marshall Islands which is subject to a more flexible, looser regulatory regime.
Trading Places: Finding The Best Jurisdiction for Your BrokerageGo to article >>
Together with Bitcoin and major virtual currencies, LiteForex’ expanded offering places it on par with other brokers in the industry amidst burgeoning client demand.
Fresh from beginning to support Bitcoin trading back in July 2017, LiteForex has once again strengthened its offering, this time adding 20 crypto-pairs to its growing suite.
In December, the brokerage enabled the deposit and withdrawal of funds into accounts using six different coins. Among the newly accepted cryptocurrencies are Bitcoin, Bitcoin Gold, Bitcoin Cash, Litecoin, Monero, and Ethereum.
Moving forward, LiteForex’s clients will be able to trade the following instruments:
BCHBTC (BitCoin Cash vs BitCoin)
BCHETH (BitCoin Cash vs Ethereum)
DSHBTC (Dashcoin vs BitCoin)
DSHUSD (Dashcoin vs US dollar)
ETCBTC (Ethereum Classic vs BitCoin)
ETCUSD (Ethereum Classic vs US dollar)
ETHBTC (Ethereum vs BitCoin)
ETHUSD (Ethereum vs US dollar)
ETHLTC (Ethereum vs LiteCoin)
LTCBTC (LiteCoin vs BitCoin)
LTCUSD (LiteCoin vs US dollar)
XMRBTC (Monero vs BitCoin)
XMRUSD (Monero vs US dollar)
XRPUSD (Ripple vs US dollar)
XRPBTC (Ripple vs Bitcoin)
ZECBTC (ZCash vs Bitcoin)
ZECUSD (ZCash vs US dollar)
BTCUSD (BItcoin vs. US dollar)
BTCEUR (Bitcoin vs. euro)