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PALO ALTO, California, September 27, 2018 / PRNewswire / – SFOX, one of the first cryptocurrency traders for large traders and institutional investors, today announced that it has added commercial support for Litecoin cryptocurrency (LTC) as part of a broader corporate expansion to become a leading corporate asset management platform. ;order.
Litecoin joins the already existing SFOX offer of Bitcoin, Bitcoin Cash and Ethereum. SFOX offers its customers the opportunity to invest in Litecoin both as a direct transaction from USD to Litecoin, and as Bitcoin-Litecoin for those interested in diversifying their cryptographic holdings.
"As we satisfy investors accustomed to the Wall Street standards, we add only cryptocurrencies of which we are completely confident," he said Akbar Thobhani, CEO of SFOX. "Litecoin has utility and liquidity and is supported by a large team of Litecoin Foundation, we are pleased to keep our promises and offer our customers an option they have requested".
Litecoin maintains many similarities with Bitcoin, but with several key differences, including a shorter lock time, which means that users are able to confirm transactions in a cheaper and faster way. Litecoin has cultivated a meaningful adoption and market capitalization, and focuses on its strengths as a global payment currency, as evidenced by the #PayWithLitecoin campaign of the Litecoin Foundation to promote merchant adoption.
"This partnership offers greater liquidity and institutional exposure for Litecoin," he said Charlie Lee, creator of Litecoin and CEO of the Litecoin Foundation. "SFOX is supported by several well-known investors, who talk about the company's business model and team, and we look forward to providing support through the Litecoin Foundation to help make this partnership a success."
Founded in 2014, SFOX has established itself as the first cryptocurrency prime distributor for large investors such as funds, family offices and people with high net worth, with over $ 9 billion in the volume of transactions up to now. SFOX, which has seen its customer base grow 12 times since the start of 2018, allows institutions to trade high volumes without affecting prices by linking them to a vast network of global cryptocurrency liquidity facilities.
In August, SFOX announced that it had raised $ 22.7 million in series A loan to expand beyond its position as the first operator for institutional investors, building rails and infrastructures to become the main institutional institutional asset management platform. In addition to increasing the advanced security and risk management products offered, SFOX is committed to adding new coin investing options to its customers, of which Litecoin is the first.
Information on SFOX
SFOX is a first cryptocurrency that offers high-volume traders and institutional investors higher returns thanks to better price execution through an integrated global order book. The SFOX A round series was led by Tribe Capital and Social Capital, with the participation of Y Combinator, Khosla Ventures, DHVC, Blockchain Capital, Upside Partnership, SV Angel, DCG, Mark Brittoand co-founder of Airbnb Nathan Blecharczyk. More information on www.sfox.com.
Information on the Litecoin Foundation
The Litecoin Foundation is a non-profit organization whose mission is to advance Litecoin for the benefit of society by developing and promoting cutting-edge blockchain technologies. Registered in Singapore, the Foundation consists of full-time support and volunteering from around the world. For more information, visit www.litecoin-foundation.org.
Contact:
For SFOX
Liz Bagot
[email protected]
For the Litecoin Foundation
John Eidson
[email protected]
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SOURCE SFOX
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