CRYPTO FACILITIES TO LAUNCH FIRST REGULATED LITECOIN-DOLLAR FUTURES
FOR IMMEDIATE RELEASE
LONDON, 20th June 2018 – Crypto Facilities, a world-leading cryptocurrency trading platform, today announced the launch of the first regulated Litecoin-Dollar futures. The new derivatives contract will start trading at 4pm UK time on Friday 22nd June.
The Crypto Facilities Litecoin-Dollar futures contract will enable market participants to go long or short the cryptocurrency, allowing them to express sentiment and manage risk more effectively.
Crypto Facilities’ platform offers clients real-time risk management capabilities, including the ability to take a directional view on a variety of cryptocurrencies and to hedge associated price risks.
The new contract expands Crypto Facilities’ derivatives offering which currently includes Bitcoin, Ripple and Ethereum futures. Crypto Facilities is a world-leading cryptocurrency trading platform for professionals, offering individuals and institutions regulated, transparent and secure trading 24/7/365. The firm provides CME Group, the world’s largest derivatives exchange, with the CME CF Bitcoin Reference Rate that powers CME Group’s Bitcoin futures, and the CME CF Ether-Dollar Reference Rate and Real Time Index.
Charlie Lee, Creator of Litecoin, said: “Litecoin futures will open up LTC trading to more institutional investors. This will add to the liquidity of Litecoin and make it easier for people to get in and out of Litecoin.”
Timo Schlaefer, CEO of Crypto Facilities, said: “We are excited to be launching futures on Litecoin, one of the most widely traded cryptocurrencies. There has been strong client demand for this product and we believe our LTC-Dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets. As digital assets continue to mature, we expect to see a greater number of institutional investors entering the marketplace.”
Kyle Davies, Co-Founder of Sensus Markets, said: “Sensus Markets is excited to contribute to the growth and success of Crypto Facilities and the firm’s widely traded cryptocurrency futures products. As an active liquidity provider of 20+ digital assets, we believe the market will embrace the launch of a well planned and strategically executed Litecoin futures product.”
About Crypto Facilities
Crypto Facilities is a world-leading cryptocurrency trading platform for professionals, offering individuals and institutions regulated, transparent and secure trading 24/7/365. The firm is also a leading index provider, calculating and administering the CME CF Bitcoin Reference Rate and Real Time Index powering the CME Group’s Bitcoin Futures and the CME CF Ether-Dollar Reference Rate and Real Time Index. Founded in 2015 and headquartered in London, Crypto Facilities is authorised and regulated by the UK’s Financial Conduct Authority. For more information, please visit www.cryptofacilities.com.
About Sensus Markets
Sensus Markets is an active liquidity provider of digital assets. With extensive experience in foreign exchange, equities, derivatives, and digital asset markets, we focus on providing 24/7 robust liquidity coverage.