BTSE Launches Litecoin Spot Trading

BTSE, the multi-currency spot and futures trading platform, has announced the addition of spot trading support for Litecoin (LTC) on its platform starting on July 29th, 2019. Litecoin is the fourth largest cryptocurrency by market capitalization; after Bitcoin and Tether, its addition to BTSE's platform represents the next of a number of upcoming trading options set for platform integration.

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BTSE

Jul 29, 2019, 08:00 ET

DUBAI, July 29, 2019 /PRNewswire-PRWeb/ -- BTSE, the multi-currency spot and futures trading platform, has announced the addition of spot trading support for Litecoin (LTC) on its platform starting on July 29th, 2019. Litecoin is the fourth largest cryptocurrency by market capitalization; after Bitcoin and Tether, its addition to BTSE's platform represents the next of a number of upcoming trading options set for platform integration.

BTSE provides frictionless trading between fiat and cryptocurrenies, including EUR, USD, GBP, RMB, JPY, SGD, HKD, and MYR. LTC trading pairs will be seamlessly integrated to support all of the platform's fiat and cryptocurrency trading pairs.

  • Spot Trading on a Single Order Book

BTSE is the only exchange that offers a single order book for spot trading. This allows for the simple aggregation of liquidity, giving BTSE traders a tighter range for a superior trading experience. In the past, a number of exchanges suffered flash crashes as a result of low liquidity trading pairs being unable to field unanticipated sell orders. By aggregating the order book, traders benefit from the stability of the entire BTSE platform's liquidity versus single pairs.

Upon sign-up, BTSE users are able to pick their spot trading currency of choice by depositing fiat or cryptocurrencies into their account. Traders will further enjoy 50% off of trading fees until December 31st of 2019.

  • About Litecoin

Litecoin is an open-source decentralized cryptocurrency aimed at a providing high-volume global payment rails. Forked from Bitcoin's codebase in 2011, Litecoin's 2.5 minute block confirmations, Scrypt Memory Hard PoW, and an 84 million coin supply often lead to it being described as a "silver to Bitcoins gold", or alternatively as "a Bitcoin test net". The project was catalyzed by Charlie Lee and has recently begun experimenting with Mimblewimble sidechains. It was the first major cryptocurrency to implement SegWit in mid-2017.

  • About BTSE

BTSE is a multi-currency spot and futures trading platform custom-built and designed to bring efficiency and stability to the cryptocurrency trading landscape today.

Through a number of technical key innovations, BTSE tackles some of the areas traders value the most: BTSE's next-generation matching engine runs purely in memory without the need for a database, enabling sub-millisecond transactions and significantly reducing the risk for system overloads. Horizontal scaling allows BTSE to upgrade with near-zero downtime. The entire platform is further self-hosted – an impactful security advantage.

BTSE's team is filled with elite institutional experience in finance, technology, ventures building, and the development of high volume trading systems. BTSE's founding members come from backgrounds including Goldman Sachs, Cisco, and IBM.

The platform is licensed by the Department of Economic Development via the Government of Dubai and regulated through the Central bank of the United Arab Emirates, providing the exchange with strong banking relations.

SOURCE BTSE