UK Crypto Futures Company To Add LTC Derivatives By Cryptovest

UK Crypto Futures Company To Add LTC Derivatives

The London-based exchange, founded back in 2014, announced the plans to expand their current crypto futures trading list that includes , and against XBT and USD pairings, earlier today. The new LTC derivative will allow the platform’s users to long and short the underlying asset without having to own LTC, after having received a large number of requests to add this particular digital asset. Futures trading is supposed to bring greater stability to an asset as well as offer clients an opportunity to better manage their risk than if they were to trade directly on crypto exchanges.

“We believe our LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets,” – Crypto Facilities CEO, Tom Schlaefer.

This is not only good news for the platform but it also means that the community will enjoy greater exposure on the derivatives market, which is considered a safer and more preferable way to trade digital assets for traditional investors.

According to Coindesk, the Cryptofacilities exchange reported that they’re anticipating their popular Ethereum futures trading volume to exceed $150 million by the end of Q2, which will equate to around 10% of the exchanges total trading volume.

On this basis alone we could see Litcoin’s price fall somewhat as investors turn to derivative trading to take advantage of leveraged trades and higher liquidity.

This article appeared first on Cryptovest

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