Yesterday, BTSE, an exchange specialising in digital assets, announced the launch of its Litecoin (LTC) spot trading service.
As can be read in the press release, several exchanges have difficulty in trading with fiat currency pairs, partly because this would require a high level of liquidity of funds.
In contrast, BTSE allows users to have multiple pairs with fiat currencies such as EUR, USD, GBP, RMB, JPY, SGD, HKD, and MYR. Litecoin’s spot trading support will therefore also be provided in pairs with the above-mentioned fiat currencies, making BTSE the only exchange which allows an all-in-one order book for Litecoin’s spot trading.
In addition, until December 31st, 2019, users will be able to trade with a 50% fee discount and a leverage of up to 100x.
Lastly, it should be remembered that only a couple of months ago BTSE launched new futures, including bitcoin (BTC), ethereum (ETH), litecoin (LTC) and Tether (USDT), with the possibility of using fiat currencies as well.
As BTSE CEO Jonathan Leong says:
“BTSE Exchange aims to become a leader in providing a suite of liquidity products to cryptocurrency traders and investors. Our multi-collateral futures platform bridges a gap between traditional fiat-based traders and coin holders. Additionally, our multi-currency order book enables global users to trade in an aggregated order book with thick liquidity”.