Cryptocurrencies treasure the support they receive from exchange platforms around the world. The more exchanges are added to a digital good, the easier it is for people to have access to the currency. Litecoin (LTC) is 7th the most precious digital asset on the market. It already has a significant share of the encrypted market. Listing Litecoin and other legacy cryptocurrencies means that exchange companies get access to the existing volume of users.
Support on Hotbit
New exchanges continue to be launched in the cryptocurrency sector. While supporting these small exchanges in terms of low volumes of recorded trade may seem insignificant, it pushes the cryptocurrency adoption program and brings the crypt closer to the people. Litecoin (LTC) alongside Ethereum Classic (LTC) and Ripple (XRP) today, 1 November 2018 will start trading live on Hotbit.
The deposits on the platform started yesterday, October 31, 2018 at 16:00 (UTC + 8) while the order book will be open today at 15:00 (UTC + 8). The three activities will be available for trading against both BTC and ETH.
Hotbit is a rapidly growing cryptocurrency exchange platform that has listed over 200 digital resources. The exchange has a daily transaction volume of around $ 25 million. Its markets that are quite valuable on Hotbit include Ethereum (ETH), Nexo (NEXO) and BOX Token (BOX). It is currently 50th the largest trading company in the industry according to CoinMarketCap.
Support on CMC markets
CMC markets based in the UK also announced support for Litecoin (LTC) along with Bitcoin Cash (BC) and Ripple (XRP). The company deals with various financial derivative instruments. In addition to this, it offers spread batting services and contracts for difference dealers (CFDs).
The aforementioned trading activities will be traded against the US dollar. Crypto-to-fiat trading provides customers with easy access to various digital assets, especially points of reference. In addition, withdrawals and deposits are simplified as customers have direct access to their funds. Before the support for the three altcoins was announced, CMC Markets had listed only Bitcoin (BTC) and Ethereum (ETH). The exchange company has shared the news via a Twitter message:
"Spread bet or trade CFD on a range of popular cryptocurrencies with CMC Markets, now including Litecoin, Ripple and Bitcoin Cash."
CMC Markets is currently based in London (HQ). It has expanded worldwide with at least 12 hubs. Furthermore, the company is negotiable on the London Stock Exchange. CMC Markets has become a force not to be underestimated in the financial markets with a customer base of over 59,000 and a market capitalization of $ 341 million. David Fineberg, the sales director of the company's group, said about the new listings:
"Following the successful launch of our cryptocurrency offer in March and the subsequent extension to retail customers in July, our customers have expressed an interest in extending their trading options as well as Bitcoin and Ethereum. take a position on Bitcoin Cash, Litecoin and Ripple [XRP], three altcoins that continue to generate many speculations among traders ".
At the time of printing, Litecoin is trading at $ 49.57. Market stability continued to impress cryptocurrency enthusiasts, including principal analyst Tom Lee of Fundstrat, who said he was "pleasantly surprised" by the current price action. Litecoin is weakly traded in the green after an increase of 0.54% in the last 24 hours. It has a market capitalization of $ 2.9 billion and a 24-hour trading volume of $ 405 million.