Crypto Facilities, the cryptocurrency trading platform, has just announced the launch of the first regulated Litecoin-Dollar futures. The new derivatives contract will start trading at 4pm UK time on Friday 22nd June.
The Crypto Facilities Litecoin-Dollar futures contract will enable market participants to go long or short the cryptocurrency, allowing them to express sentiment and manage risk more effectively.
Crypto Facilities’ platform offers clients real-time risk management capabilities, including the ability to take a directional view on a variety of cryptocurrencies and to hedge associated price risks.
The new contract expands Crypto Facilities’ derivatives offering which currently includes Bitcoin, Ripple and Ethereum futures. Crypto Facilities is a cryptocurrency trading platform for professionals, offering individuals and institutions regulated, transparent and secure trading 24/7/365. The firm provides CME Group with the CME CF Bitcoin Reference Rate that powers CME Group’s Bitcoin futures, and the CME CF Ether-Dollar Reference Rate and Real Time Index.
Charlie Lee
Charlie Lee, Creator of Litecoin, said:
Litecoin futures will open up LTC trading to more institutional investors. This will add to the liquidity of Litecoin and make it easier for people to get in and out of Litecoin.
Timo Schlaefer, CEO of Crypto Facilities, commented:
We are excited to be launching futures on Litecoin, one of the most widely traded cryptocurrencies. There has been strong client demand for this product and we believe our LTC-Dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets. As digital assets continue to mature, we expect to see a greater number of institutional investors entering the marketplace.
Kyle Davies, Co-Founder of Sensus Markets, added:
Sensus Markets is excited to contribute to the growth and success of Crypto Facilities and the firm’s widely traded cryptocurrency futures products. As an active liquidity provider of 20+ digital assets, we believe the market will embrace the launch of a well planned and strategically executed Litecoin futures product.