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Cryptocurrency exchange Huobi have announced that they will be adding top 5 cryptocurrency Litecoun (LTC) to their over-the-counter offerings starting from 19 March 2019
Huobi recently made the announcement on their website, starting from March 19, Litecoin will be available for over-the-counter trading.
Huobi OTC will launch $LTC @litecoin on March 19.
— HuobiGlobal (@HuobiGlobal) March 16, 2019
More details here: https://t.co/OTdzhddFKW #Litecoin @SatoshiLite pic.twitter.com/yu7bTXxELX
The addition of LTC to the OTC desk, comes nearly two weeks after the addition of Ripple (XRP) was added to the OTC trading desk as well.
Read more: Huobi set to release Huobi Prime - its take on a token launch platform
Over-the-counter trading has seen major growth in popularity over the past few months, as bigger investors and institutions begin buying into cryptocurrency for speculative reasons. These investors generally look to get a better deal and trading on a retail exchange can be hard to get larger orders filled.
OTC desks offer these whales the opportunity to buy and sell larger orders without any hassles.
The addition of Litecoin to Huobi OTC, now means that the OTC version of the exchange offers over 20 fiat and 10 payment methods to make crypto purchases over 7 cryptocurrencies. Litecoins addition to the list means users can purchase BTC, ETH, EOS, USDT, XRP, HT, and HUSD.
Read more: Bitcoin whales have spent the last two months acquiring thousands of coins