BitVC Ceases Litecoin Futures Offering to Focus on Bitcoin

manselr

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Quote from: Raystonn on March 20, 2015, 12:30:15 AM

http://www.coindesk.com/bitvc-ceases-litecoin-futures-offering-to-focus-on-bitcoin/

Quote

Futures trading platform BitVC has announced it will no longer offer litecoin futures to its users, as it shifts its focus to bitcoin.

The platform, a subsidiary of Chinese exchange Huobi, said that the decision was taken "due to a lack of user demand", and the "growing consensus that the world will only have one cryptocurrency value".

It sucks for Litecoin holders, I have my doubts if LTC will be able to recover at this point.
Has anyone tried BitVC to generate compound interest with their BTC holdings tho?

1Referee

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Quote from: BitCoinNutJob on March 20, 2015, 04:50:36 AM

Quote from: Raystonn on March 20, 2015, 12:30:15 AM

http://www.coindesk.com/bitvc-ceases-litecoin-futures-offering-to-focus-on-bitcoin/

Quote

Futures trading platform BitVC has announced it will no longer offer litecoin futures to its users, as it shifts its focus to bitcoin.

The platform, a subsidiary of Chinese exchange Huobi, said that the decision was taken "due to a lack of user demand", and the "growing consensus that the world will only have one cryptocurrency value".

Thats ok never heard of them, litecoin is going to the moon next bubble and nobody can stop it lol

Other than using Litecoin for trading purposes, does it serve any other serious purpose? Nope.

It's just a matter of time before the last few king size bag holders/early adopters dump their stash on the market out of boredom.

randy8777

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it's good that they put the focus only on bitcoin now. that being said, litecoin has decent volume spreaded over several exchanges.
i wonder what this will do with the litecoin price as it already had a good beating last months.

gizmoh

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Litecoin its the only alt coin offered on major chinese platforms like okcoin/Huobi, there is respectable trading volume for traders unlike those illiquid coins. CCMF soon as halving approaches Wink

BitCoinNutJob

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Quote from: Raystonn on March 20, 2015, 12:30:15 AM

http://www.coindesk.com/bitvc-ceases-litecoin-futures-offering-to-focus-on-bitcoin/

Quote

Futures trading platform BitVC has announced it will no longer offer litecoin futures to its users, as it shifts its focus to bitcoin.

The platform, a subsidiary of Chinese exchange Huobi, said that the decision was taken "due to a lack of user demand", and the "growing consensus that the world will only have one cryptocurrency value".

Thats ok never heard of them, litecoin is going to the moon next bubble and nobody can stop it lol

NUFCrichard

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Quote from: Raystonn on March 20, 2015, 12:30:15 AM

http://www.coindesk.com/bitvc-ceases-litecoin-futures-offering-to-focus-on-bitcoin/

Quote

Futures trading platform BitVC has announced it will no longer offer litecoin futures to its users, as it shifts its focus to bitcoin.

The platform, a subsidiary of Chinese exchange Huobi, said that the decision was taken "due to a lack of user demand", and the "growing consensus that the world will only have one cryptocurrency value".

I don't know if there will only be one cryptocurrency in the future, but I am 100% sure that litecoin won't be one of the major cryptocurrencies of the future.
It is a bit faster than bitcoin to confirm, otherwise I see almost no innovation.

Primecoin, peercoin, NXT and many others have lots of interesting new aspects about them. Litecoin doesn't. Good call by BitVC, concentrate on the central market being sucessful, then look at peripheral markets.

Raystonn

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http://www.coindesk.com/bitvc-ceases-litecoin-futures-offering-to-focus-on-bitcoin/

Quote

Futures trading platform BitVC has announced it will no longer offer litecoin futures to its users, as it shifts its focus to bitcoin.

The platform, a subsidiary of Chinese exchange Huobi, said that the decision was taken "due to a lack of user demand", and the "growing consensus that the world will only have one cryptocurrency value".

Topic: BitVC Ceases Litecoin Futures Offering to Focus on Bitcoin (Read 1087 times)