Crypto Facilities, A U.K based cryptocurrency firm will be adding the Litecoin derivative product to their current product offering which already included Bitcoin, Ethereum and Ripple.
Coindesk announced that Crypto Facilities will be adding Litecoin (LTC) due to strong client demand for the US dollar-denominated pair.
"We believe our LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets," - Timo Schlaefer, CEO of Crypto Facilities
Litecoin founder, Charlie Lee also responded to the news by stating that the addition of LTC futures would "make it easier for people to get in and out of litecoin."
The launch of LTC futures will commence on June 22, just a month after the addition of Ethereum futures was launched on the platform.