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
“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.