United Kingdom crypto derivatives exchange cryptofacilities.com announced today that they would be launching a Litecoin futures trading in two days.
The instrument will be working just like any other inverse futures with weekly, monthly and quarterly settlement periods.
According to the statement of Crypto Facilities CEO, Timo Schlaefer, the strong client demand for Litecoin settled contracts could not be ignored and was the main reason for the launch of this product.
The exchange is already offering inverse futures trading with BTC, ETH, and XRP settled contracts.
Contract specifications:
- Instrument type: Inverse Futures
- Contract size: 1 USD
- Trading hours: 24/7, 365 days/year (excluding maintenance)
- Price quotation: USD per 1 LTC (LTC/USD)
- Maturities: Week, Month, Quarter