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richie

Litecoin futures launched by U.K Crypto Exchange

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Crypto facilities (a U.K based crypto futures exchange) launched on Friday 22nd June, Litecoin (LTC) derivatives contracts. 

Both short and long trading terms are offered by the new U.S dollar denominated contracts with weekly, monthly and quarterly maturities. Most importantly, as their underlying collateral, contracts are using Litecoin.

 

Timo Schlaefer (CEO of Crypto Facilities) said that a decision regarding "strong client demand" has been made by the trading platform:

Quote

We believe our LTC-dollar futures contracts will increase price transparency, liquidity, and efficiency in the cryptocurrency markets.

 

LTC futures launch comes just a month after Crypto Facilities started offering to investors, Ethereum futures contracts coupled with its existing crypto derivatives based on Bitcoin and Ripple.

Chris Concannon (President of CBOE Global Markets), earlier this month revealed that soon its platform could offer Ethereum futures, after a senior official at the U.S SEC gave positive news that under the U.S Law, Ethereum will not be regulated as a security.

 

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