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Litecoin Contract Trading Opens on Huobi DM (XRP to Follow)

Litecoin contract trading opens on huobi dm (xrp to follow)

Litecoin Contract Trading Opens on Huobi DM (XRP to Follow)

Those looking to long and short Litecoin (LTC) now have a new place to do so. Contract trading of the popular BTC spin-off is now available on Huobi Derivative Market (Huobi DM) — as of yesterday (Jan 25, 2019). 

Savvy traders will now be able to utilize Huobi DM to take both long and short positions on the seventh-ranked cryptocurrency by market capitalization. As noted by a press release from the Chinese-founded Singapore-based cryptocurrency exchange, the addition of LTC contract trading allows for “arbitrage, speculation, and hedging.”

Litecoin joins BTC (BTC), Ethereum (ETH), and EOS (EOS) — which have weekly, bi-weekly, and quarterly contracts — on the platform.

Litecoin trading

Massive Volatility

LTC is currently trading, at the time of this writing, at $33.38 per coin. Its current price is down significantly from its all-time high of approximately $371. This dramatic price fluctuation creates opportunity, according to Huobi Global’s CEO, Livio Weng.

“Given the huge changes in price Litecoin and other digital assets regularly experience, Huobi DM can be a powerful tool in managing risk and uncertainty,” Weng stated in the press release.

Litecoin ltc price

XRP Coming Soon

Those looking to long and short XRP will soon be able to do so on Huobi DM, as well.

Livio Weng, Huobi Global’s CEO, stated:

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. We’ll be adding more coin types to the platform as 2019 progresses, with Ripple next on our list.

The addition of more altcoin contracts being offered illustrates the continued growth of the major cryptocurrency exchange.

What do you think of the addition of Litecoin (LTC) contract trading to Huobi DM? Are you excited about the future addition of XRP contract trading to the platform? Let us know your thoughts in the comments below! 

Images courtesy of Shutterstock, CoinMarketCap.

Published at Sun, 27 Jan 2019 02:00:12 +0000

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All Out Political, Economic, And Financial Warfare!

milesfranklin.com / by Andrew Hoffman / Mar 21, 2017

Like it or not, we are living through a major inflectionary point in human history; on more fronts; with more lasting, and dramatic changes than any before it.  Yes, there have been hundreds of humanity-altering wars throughout history.  However, never have so many people been impacted by current events; as, for example, there are 7.4 billion people today, compared to 2.3 billion at World War II’s onset.  And while WWII shaped the culture, economic and monetary, and physical borders for generations; in hindsight, until recently, the post-war Era has been “more of the same.”  Only this time, global economic leadership switched from one Western power, the UK, to another, the U.S.; as evidenced by the “reserve currency,” in an increasingly global world, switching from the Pound to the dollar.

Other than the nuclear bomb, which enabled the war to end – technology advancement was not a significant by-product of the war.  To that end, the global fiat currency regime that took over for the previous system – i.e, hundreds of privately-managed fiat and/or gold-backed fiefdoms; was hardly a “technological breakthrough.”  Frankly, it wasn’t until the computer was invented – and exponentially advanced – six decades, and five billion people later, that the world dramatically changed.  Mostly for the better; but as regards technologies’ impact on said fiat regime, it took something inherently bad, and made it a thousand times worse.  In practical terms, the equivalent of a financial nuclear bomb, “weaponized” to wreak maximum political, economic, social, and monetary destruction.  Which is exactly where we stand today – as for all the technology that went into creating it, the world’s most diabolical “financial rocket scientists” couldn’t figure a way to counteract its fatal, historically hubristic flaw.  I.e., no matter how much money printing, market manipulation, and propaganda is applied – using the most advanced financial engineering, high frequency algorithms, and “fake news” sources; fiat money, by nature, is a Ponzi scheme that must – and always has – failed.  Only this time, it is doing so on a global scale, after having bankrupted hundreds of nations, thousands of institutions, and billions of individuals.

READ MORE

The post All Out Political, Economic, And Financial Warfare! appeared first on Silver For The People.

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