UK platform to launch Litecoin futures

Today, UK crypto futures platform Crypto Facilities launches Litecoin futures trading. The new derivative contract will begin trading at 16:00 UK time.

London-based cryptocurrency derivatives broker Crypto Facilities is offering investors a new cryptocurrency derivative product. With its help, crypto traders gain access to short and long positions on the Litecoin-USD pair with maturities per week, month or quarter. The launch of futures contracts will attract institutional investors, increasing trading volume, and reducing the level of risks in Litecoin trading. Investments in Litecoin using a new financial product will make it easier and safer to trade cryptocurrency and will have a positive impact on its value.

The company, inspired by the successful launch of futures contracts on Ethereum (ETH), has decided to launch a new cryptocurrency derivative, in an effort to meet the increased demand of platform users.

 Crypto Facilities hopes that futures contracts for the Litecoin-USD pair will soon reach the same volumes as previously launched derivatives on Bitcoin, XRP and Ethereum. 

The Crypto platform provides clients with real-time risk management capabilities, including the ability to look at different cryptocurrencies and hedge associated price risks. Crypto Facilities is the leading cryptocurrency trading platform for professionals, offering  regulated, transparent and secure trading. The company has many years of experience in traditional finance and with futures contracts. Since 2015, the trading platform has provided clients with trading in forward contracts on the price of Bitcoin, and since 2016 it has introduced derivatives linked to XRP. To provide users with a higher level of index transparency, Crypto Facilities works closely with CME Group. Today, the activities of the company "CryptoFacilities" are regulated by the British Financial Conduct Authority.

At the same time, the two largest trading platforms - Cboe and CME Group have not implemented plans to launch futures contracts on Litecoin and Ethereum. Disputes regarding the impact of the futures market on the price of cryptocurrency have been going on since the launch of the first Bitcoin futures on the Cboe and CME Group crypto platforms... Many experts associated the winter fall in the price of BTC with the launch of derivatives, and the fall and stagnation of the market in the first half of this year, precisely with the period of closure of futures contracts.