A Litecoin (available on Coinbase) futures trading opportunity is starting soon, being launched by the cryptocurrency exchange Crypto Facilities, based out of the UK.

Litecoin (available on Coinbase) Futures Trading

Crypto Facilities told CoinDesk that it would be launching the LTC futures trading on June 22nd. Investors will be able to long and/or short futures contracts with Litecoin (available on Coinbase) as the underlying collateral. The contracts can be done with weekly, monthly, and quarterly maturities.

Charlie Lee is excited about the upcoming opportunity because he believes that this will “make it easier for people to get in and out of Litecoin (available on Coinbase).” Lee feels that by starting Litecoin (available on Coinbase) futures trading, LTC’s liquidity will improve, as it will make the cryptocurrency more available to institutional investors.

The Crypto Facilities exchange already offers Bitcoin (available on Coinbase) (BTC), Ethereum (available on Coinbase) (ETH), and Ripple (available on Binance) (XRP) futures trading, with Ethereum (available on Coinbase) being the most recent addition. The choice to do Litecoin (available on Coinbase) next was due to “sTron (available on Binance)g client demand” for Litecoin (available on Coinbase) futures contracts explained the CEO of Crypto Facilities, Timo Schlaefer.

“We believe our LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets,” Schlaefer continued, echoing Lee’s hopes for the coin.

What do you think? Will the LTC futures help improve Litecoin (available on Coinbase)’s performance in the future? Let’s check in with how Litecoin (available on Coinbase) is doing right now.