At the cryptocurrency exchange Huobi DM it is now possible to invest with Litecoin (LTC) contracts. According to the CEO of the platform, this offers enormous opportunities because of the volatility of Litecoin.
The platform already allowed investors to invest with Bitcoin, Ethereum and EOS contracts. These are weekly, biweekly and quarterly contracts.
With contracts, investors can take long or short positions, meaning that you can speculate on both a rising and a falling course. Since Litecoin is a volatile crypto, this offers enormous opportunities, according to the CEO of Huobi DM, Livio Weng.
Weng said in the press statement: “Given the huge price changes experienced by Litecoin and other digital assets on a regular basis, Huobi DM can be a powerful tool for managing risks and uncertainties”.
It will soon be possible to trade other cryptos in this way. Ripple will be the next crypto to be added to Huobi DM. Livio Weng explains:
Litecoin is one of the biggest altcoins on the market today and many of our users have asked for it. In the course of 2019, we will add more cryptocurrencies to the platform, with Ripple next on our list.