Huobi DM Adds Litecoin (LTC) Contracts, Plans to Add XRP Next

Huobi Global, owner of the third-largest crypto exchange by trading volume, has been rapidly adding new contracts to Huobi DM, the exchange’s new derivatives market that launched in early December.

This week, Huobi announced that Litecoin (LTC) will be the latest addition to Huobi DM, with weekly, bi-weekly and quarterly contracts and tools for arbitrage, speculation and hedging. Investors can also leverage their positions up to 20x with a 0.05% delivery fee.

Huobi DM launches #Litecoin (#LTC) contract trading today!
Delivery fees: 0.05%
Open/Close Trading fees: 0.02% (Makers), 0.03% (Takers)
✅For more information visit: https://t.co/cvpv9t7bL1 pic.twitter.com/KwiBaaOuho

— Huobi Global (@HuobiGlobal) January 25, 2019

The launch of Litecoin comes after Huobi previously added contracts for Bitcoin (BTC), Ethereum (ETH) and EOS (EOS).

“Litecoin is one of the biggest of the altcoins on the market today and we’ve seen quite a bit of demand for it by our users,” said Huobi Global CEO Livio Weng. “We’ll be adding more coin types to the platform as 2019 progresses, with Ripple [XRP] next on our list.”

Huobi also recently revealed that its derivatives market has already reached a cumulative trading volume of $20 billion, just months after launching the new platform.

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