Crypto Facilities launches first regulated litecoin-dollar futures
21 June 2018 London
Image: Shutterstock
Crypto Facilities has launched the first regulated litecoin-dollar futures. The new derivatives contract will start trading on 22nd June.
According to Crypto Facilities, the litecoin-dollar futures contract will enable market participants to go long or short on the cryptocurrency, allowing them to 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.
Charlie Lee, creator of litecoin, said: “Litecoin futures will open up litecoin 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, said: “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 litecoin-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets.”
He added: “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, commented: “Sensus Markets is excited to contribute to the growth and success of Crypto Facilities and the firm’s widely traded cryptocurrency futures products.”
He added: “As an active liquidity provider of 20 plus digital assets, we believe the market will embrace the launch of a well planned and strategically executed litecoin futures product.”
According to Crypto Facilities, the litecoin-dollar futures contract will enable market participants to go long or short on the cryptocurrency, allowing them to 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.
Charlie Lee, creator of litecoin, said: “Litecoin futures will open up litecoin 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, said: “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 litecoin-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets.”
He added: “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, commented: “Sensus Markets is excited to contribute to the growth and success of Crypto Facilities and the firm’s widely traded cryptocurrency futures products.”
He added: “As an active liquidity provider of 20 plus digital assets, we believe the market will embrace the launch of a well planned and strategically executed litecoin futures product.”
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