We’re thrilled to announce that, starting today, you can trade Litecoin (LTC) on SFOX.
This empowers you to buy and sell LTC across multiple exchanges using our 7 proprietary algorithms to optimize for everything from price, to speed, to order size.
Today, Litecoin is the #5 cryptocurrency by market cap, valued collectively at just over $3 billion. Adding LTC support to SFOX is the latest step in our ongoing mission to provide liquidity and open access to the rapidly maturing market of crypto assets.
Litecoin started out as a “clone” of Bitcoin in 2011: it shared almost all of its code, with just a few key differences that aimed to make it a better medium for day-to-day commerce in the digital age.
Where does Litecoin diverge from Bitcoin?
- It has new blocks four times as often, meaning it has shorter confirmation times.
- It will ultimately have four times as many coins, meaning it’s proportionately cheaper than Bitcoin.
- Its hashing algorithm is memory-based rather than CPU-based, making it easier for the average person to mine.
In many ways, Litecoin is targeting the same niche as Bitcoin Cash: it aims to be the digital cash to complement Bitcoin’s function as a store of value. One of the most critical factors to the success of a digital cash is mass adoption, and we intend to help facilitate this adoption through our integration of LTC across multiple orderbooks.
How to Trade Litecoin
We’ve rolled out LTC trading in nearly half the continental United States: LTC/BTC trading in 23 U.S. states, and LTC/USD trading in 22 U.S. states. Just log into your account and select one of the LTC pairs from the dropdown menu at the top of our integrated orderbook:
Whether you’re looking to make large orders, small orders, hidden orders, fast orders, or price-optimized orders, you can start using SFOX’s algorithms to trade LTC across multiple exchanges right now.
The above references an opinion and is for informational purposes only. It is not intended as and does not constitute investment advice, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any cryptocurrency, security, product, service or investment. Seek a duly licensed professional for investment advice. The information provided here or in any communication containing a link to this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject SFOX, Inc. or its affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by SFOX, Inc. or its affiliates to buy or sell any cryptocurrencies, securities, futures, options or other financial instruments or provide any investment advice or service.