- According to an announcement on Wednesday, the new U.S. #dollar-denominated service will go live on Friday, June 22, and will allow #investors to long or short #futures contracts that have litecoin as the underlying collateral, with weekly, monthly and quarterly maturities
- Timo Schlaefer, CEO of #Crypto Facilities, said the decision is a result of having received "strong client demand" for #litecoin contracts. "We believe our #LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the #cryptocurrency markets," he said.
- Litecoin creator Charlie Lee commented in the announcement that, by opening up litecoin trading to more institutional #investors, the new product would increase the cryptocurrency's #liquidity and "make it easier for people to get in and out of litecoin."
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