LiteForex‎ Launches 20 New Cryptocurrency Pairs

Retail forex broker LiteForex‎ today announced in a corporate statement that it is extending the list of cryptocurrency trading pairs to include additional altcoins instruments, alongside the ‎installed Bitcoin.‎

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The step confirms that there is significant demand ‎amongst traders for such alternative asset classes, with the ‎launch just one more example of a brokerage enhancing its position on ‎the cryptocurrency bandwagon.‎

‎Founded in 2005, LiteForex is domiciled in Cyprus where its Liteforex (Europe) Ltd brand is regulated by CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term. It also maintains an offshore branch in Marshall Islands which is subject to a more flexible, looser regulatory regime.

Together with Bitcoin and major virtual currencies, LiteForex’ expanded ‎offering places it on par with other brokers in the industry amidst burgeoning ‎client demand.‎

Fresh from beginning to support Bitcoin trading back in July 2017, LiteForex has ‎once again strengthened its offering, this time adding 20 crypto-pairs to its growing suite.‎

In December, the brokerage enabled the deposit and withdrawal of funds into accounts using six different coins. Among the newly accepted Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term ‎are Bitcoin, Bitcoin Gold, Bitcoin Cash, Litecoin, ‎Monero, and Ethereum.‎

Moving forward, LiteForex’s clients will be able to trade the following instruments:

BCHBTC (BitCoin Cash vs BitCoin)

BCHETH (BitCoin Cash vs Ethereum)

DSHBTC (Dashcoin vs BitCoin)

DSHUSD (Dashcoin vs US dollar)

ETCBTC (Ethereum Classic vs BitCoin)

ETCUSD (Ethereum Classic vs US dollar)

ETHBTC (Ethereum vs BitCoin)

ETHUSD (Ethereum vs US dollar)

ETHLTC (Ethereum vs LiteCoin)

LTCBTC (LiteCoin vs BitCoin)

LTCUSD (LiteCoin vs US dollar)

XMRBTC (Monero vs BitCoin)

XMRUSD (Monero vs US dollar)

XRPUSD (Ripple vs US dollar)

XRPBTC (Ripple vs Bitcoin)

ZECBTC (ZCash vs Bitcoin)

ZECUSD (ZCash vs US dollar)

BTCUSD (BItcoin vs. US dollar)

BTCEUR (Bitcoin vs. euro)