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   759

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.

eToro to Launch Own Crypto Wallet

At the moment, Bitcoin, Ethereum and Litecoin are supported and the wallet is available only for Platinum Club members (holders of $25k+ at eToro)
07 November 2018   154

The eToro social investment platform introduced a cryptocurrency wallet with support for Bitcoin, Ethereum and Litecoin.

Representatives of the company say that eToro Wallet is available to all EU residents, as well as Switzerland and Gibraltar. However, in order to take advantage of the new wallet, platform users must be members of Platinum Club, that is, they must hold assets worth $ 25,000 on the platform. But the company promised to soon provide access to the eToro Wallet for a wider range of users, as well as add other coins.

We believe that crypto and the blockchain technology that underpins it will have a huge impact on global finance. Blockchain has the potential to revolutionise finance and we believe that we will see the greatest transfer of wealth ever onto the blockchain. We believe that in the future all assets will be tokenised and that crypto is just the first step on this journey. Just as eToro has opened up traditional markets for investors, we want to do the same in a tokenised world. The eToro wallet is a key part of this.

Yoni Assia

CEO, eToro

The app is already available for the Android and iOS operating systems. To use a mobile wallet, users must be verified on the platform.