Place/Date: Kingstown, St. Vincent and Grenadines - May 12th, 2017 at 10:07 am UTC · 3 min read
Contact: Peter Spyro, Source: Evolve Markets
Forex, commodities and cryptocurrency trading platform Evolve Markets has extended support for Litecoin as the platform undergoes an upgrade. Users on Evolve Markets can now access LTC/USD and LTC/BTC CFDs on the platform. The company’s announcement was planned to coincide with the much awaited SegWit activation on Litecoin protocol.
Evolve Markets Managing Director Peter Spyro stated that traders could expect the LTC/USD and LTC/BTC CFD’s to go live within the next 24 hours. The platform’s leverage for the Litecoin CFD’s will be a 3:1 ratio.
Litecoin is now the biggest altcoin to successfully activate SegWit, which went live at around 6:00 PM London time on the 10th of May 2017. With the activation, SegWit transactions are now available for use depending on the Litecoin wallets in use.
Commenting on the inclusion of Litecoin support, Spyro said,
“We like that LTC has years of exchange support and distribution. We consider it the most fairly distributed crypto and a perfect Silver to Bitcoin’s Gold. With the activation of SegWit, we are looking forward to the Lightning Network and are exploring a deeper integration of Litecoin into our platform.”
The Lightning Network (LN) will be deployed next, adding a second layer protocol on top of Litecoin’s existing protocol. It will enable the network to handle thousands of transactions per second, using the base on-chain later only as a settlement for payments.
Evolve Markets has gained the recognition of being one of the few platforms to allows its users trade Bitcoin against a plethora of global macro instruments such as FOREX, commodities, and indices. The inclusion of Litecoin to the fold represents the company’s mission to enable traders to use a range of cryptocurrencies to trade conventional tradable assets.
The option to trade two of the biggest cryptocurrencies against other assets shows the platform’s increasing broad cover of markets and flexibility that will retain users in the long term and attract more traders to join Evolve Markets.
Evolve Markets is a feature rich platform with powerful financial tools, institutional liquidity, and high-end Tier 4 institutional infrastructure. It offers numerous features such as instant account approval, fast deposits, Bitcoin BIT base currency accounts, up to 1:500 leverage, MetaTrader WebTrader, and negative balance protection.
About Evolve Markets
Evolve Markets is a privately-owned IBC in Saint Vincent and the Grenadines. The trading platform specializes in Bitcoin-denominated accounts and adopts a Straight Through Processing (STP) execution model. The tradable financial assets supported on the platform include forex, commodities, indices and cryptocurrencies.
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Disclaimer Evolve Markets is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.