28 Sep 2018 Marsha Tusk
Litecoin Now Available on SFOX
Until now, the platform allowed users to trade Bitcoin, Bitcoin Cash, and Ethereum only. The featuring of the top 10 altcoins expands the platform‘s offering with direct transactions from USD-to-Litecoin and crypto-to-crypto transactions, specifically Bitcoin-to-Litecoin.
The primary target of SFOX is high-profile investors, used to the Wall Street standard, which is the reason why the platform is so selective in its crypto trading offering, as stated by the CEO of SFOX - Akbar Thobhani in an official press release.
He added that the company is pleased to provide its customers with another trading option.
Litecoin is a crypto asset that holds utility as well as liquidity and has an experienced team behind it. Although the two cryptocurrencies Bitcoin and Litecoin resemble each other, they differ mainly on several important criteria, one of which is a shorter block time. This way, users perform their transactions faster and at a better price.
The Litecoin Foundation has launched a campaign #PaywithLitecoin to expand its market and enable the cryptocurrency to become a global payments coin.
The creator of Litecoin, Charlie Lee, added that the new partnership is an opportunity to raise the liquidity and give more interest to the crypto. SFOX is a company with influential investors and Litecoin hopes the new partnership will become a success.
SFOX was established in 2014 and is currently considered the leading platform for large-scale investors. So far, there has been $9 billion worth of transactions.
In August 2018, the company announced that it had collected $22.7 million in funding to build the infrastructure of the first institutional crypto management platform. New additions to the cryptocurrencies offering are expected to follow after Litecoin.Bitcoin Ethereum cryptocurrency trading Litecoin Bitcoin Cash Cryptocurrency