Those trying to lengthy and quick Litecoin (LTC) now have a brand new place to achieve this. Contract buying and selling of the favored Bitcoin spin-off is now obtainable on Huobi Derivative Market (Huobi DM) — as of yesterday (Jan 25, 2019).
Savvy merchants will now have the opportunity to make the most of Huobi DM to take each lengthy and quick positions on the seventh-ranked cryptocurrency by market capitalization. As famous by a press launch from the Chinese-founded Singapore-based cryptocurrency alternate, the addition of LTC contract buying and selling permits for “arbitrage, speculation, and hedging.”
Litecoin joins Bitcoin (BTC), Ethereum (ETH), and EOS (EOS) — which have weekly, bi-weekly, and quarterly contracts — on the platform.
LTC is presently buying and selling, on the time of this writing, at $33.38 per coin. Its present value is down considerably from its all-time excessive of roughly $371. This dramatic value fluctuation creates alternative, in accordance to Huobi Global’s CEO, Livio Weng.
“Given the huge changes in price Litecoin and other digital assets regularly experience, Huobi DM can be a powerful tool in managing risk and uncertainty,” Weng said within the press launch.
XRP Coming Soon
Those trying to lengthy and quick XRP will quickly have the opportunity to achieve this on Huobi DM, as nicely.