Monday, 21 October 2019

BTSE Launches Litecoin Futures Trading

BTSE, the multi-currency spot and futures trading platform, is opening Litecoin futures trading on August 3rd 2019.
The fourth-largest cryptocurrency by market capitalization has previously been integrated into BTSE’s platform for spot trading on July 29th. There are plenty of reasons to be excited about Litecoin, and they range from the August 5th mining reward halving to the upcoming addition of Confidential Transactions through Mimblewimble and extension blocks.

BTSE takes futures trading to the next level by improving on the flaws of current exchange platforms offering similar services. Correspondingly, users will no longer have to deal with inefficient interfaces, mandatory crypto trades which complicate the onboarding process, and inconvenient downtimes or overloads.

BTSE’s Futures 2.0 allow traders to post margin and settle transactions in any combination of fiat and cryptocurrencies supported by the platform. This can be used to achieve a better ROI, while it also integrates the liquidity of several assets and markets.

The feature is further particularly beneficial to traders that do not want to hold cryptocurrencies themselves, but still wish to open futures contracts for Bitcoin (BTC), Tether (USDT) and Litecoin (LTC). BTSE's approach builds a bridge between cryptocurrencies and the hundred-trillion global futures market. It serves the purpose of growing the cryptocurrency trading market, while also making non-cryptocurrency traders part of the game.

How to start trading futures on BTSE.com

The process is simple: upon completing the registration, users are able to pick their preferred trading currency and start trading immediately after depositing funds into their account.

About Litecoin

Litecoin is very similar in design to its older and more well-known sibling Bitcoin. It is meant to be faster and cheaper to transact thanks to quicker block times, instant confirmations, and very low fees. Like Bitcoin, it is mined, has a fixed supply, has adopted the SegWit and Lightning Network scaling solutions, and is governed by the Nakamoto Consensus.

Unlike BTC, LTC has a known creator who is still active within the community and makes propositions for governance, and at 84 million, its maximum supply is four times bigger than Bitcoin’s.

In terms of upcoming improvements, Litecoin is expected to launch Confidential Transactions in collaboration with Beam’s Mimblewimble protocol. It will make use of extension blocks which enable the confidential amounts to move in and out of the visible main chain as a way of maintaining the blockchain’s auditability. Ultimately, LTC transactions should become more private than BTC transactions.

About BTSE

BTSE is a multi-currency spot and futures trading platform whose design challenges some of the biggest shortcomings of crypto exchanges today. Through a next-generation matching engine, databases are no longer required and instead replaced with memory storage. Correspondingly, transactions are processed at faster speed than the sub-millisecond, drastically reducing the risk of system overloads.

Thanks to horizontal scaling, BTSE is the only exchange capable of simultaneously onboarding any number of users with near-zero downtime. This feature is essential for markets that run 24/7; many exchanges lack this type of robustness.

BTSE is not just scalable, but also very secure: the platform’s servers are self-hosted, which means that BTSE’s reliability and data security does not rely on a third party.

The team behind BTSE has a solid background in the sectors of finance, technology, and venture building, and over a decade of experience in building high volume trading systems. Past companies of the founders include IBM, Cisco, and Goldman Sachs.

BTSE is licensed by the Department of Economic Development, Government of Dubai, and regulated by the Central Bank of the UAE, providing BTSE with strong banking relations.


source: prweb.com
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