UK Crypto Facilities to launch Litecoin derivatives soon

According to the information from several media outlets on cryptocurrency, a British financial organization Crypto Facilities is going to use Litecoin as a basis for the upcoming derivatives, including but not limited to futures contracts. The launch is planned for 22 June 2018.

Head of the company, Timo Schlaefer, who is also mentioned as “Tom Schlaefer” in some sources, has made a rather simple statement that LTC-USD futures would increase the transparency, the liquidity and the efficiency of the cryptocurrency market.

The FRBSF theory which has already been described on Bitnewstoday is just as applicable here as in the situation with Bitcoin. The launch of the futures may become the reason of the fall of Litecoin in the long term because investors will now have an opportunity to short an asset.

Crypto Facilities has already implemented altcoin futures. In May this year, the headlines told about Ethereum futures contracts made by this company. As experts tell, crypto derivatives pose no danger for investors because of their indirect engagement with the market of digital financial assets. Despite this, there were some doubts about the United States Bitcoin futures - allegedly, the prices on the reference exchanges didn’t match with the calculations made by the Chicago Mercantile Exchange.

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