Crypto Facilities to Launch Litecoin Futures

Charlie Lee believes that LTC futures is good and they "make it easier for people to get in and out of Litecoin"
20 June 2018   1330

The British crypto futures platform Crypto Facilities launches a derivative product tied to the Litecoin, CoinDesk reports.

The new instrument, denominated in US dollars, will be launched on Friday, June 22, and will allow investors to buy short and long futures contracts for Litecoin with weekly, monthly and quarterly calculations.

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

Timo Schlaefer

CEO, Crypto Facilities

Litecoin founder Charlie Lee, commenting on today's announcement, said that futures will provide access to the cryptocurrency to institutional investors, which in turn will increase its liquidity and "make it easier for people to get in and out of litecoin."

A month ago, Crypto Facilities launched Ethereum futures. The company expects that the volume of Ethereum futures trading will reach $ 150 million this quarter, which will be about 10% of the total volume of the site.

Litecoin to Join Forces with Beam

MimbleWimble technology can be theoretically integrated into Litecoin
08 February 2019   477

Representatives of the Litecoin Foundation together with the developers of Beam  cryptocurrency are exploring the possibility of integrating MimbleWimble technology into Litecoin.

We have started exploration towards adding privacy and fungibility to Litecoin by allowing on-chain conversion of regular LTC into a Mimblewimble variant of LTC and vice versa. Upon such conversion, it will be possible to transact with Mimblewimble LTC in complete confidentiality.

Beam Team

It is noted that further results of cooperation of the company will be reported in their official blogs.

Worth reminding, in January Charlie Lee reported on implementation of confidental transactions in Litecoin.