Huobi exchange in China starts Litecoin trading on 19th March

Huobi exchange in China starts Litecoin trading on 19th March


With Huobi getting ready to accept Litecoin on 19th March, the price of Litecoin took a sudden leap on BTC-e today.


A company user survey has shown that there is an estimation of 20 percent of Bitcoin investors in Huobi also holding funds in Litecoin.  The exchange decided to implement Litecoin after careful consideration. The move comes not long after BTC China announced the commencement of Litecoin trading with no commission.


Huobi’s co-founder Jun Du said:

Huobi as a platform has a duty to be responsible to its investors to be open, fair, safe and professional in its operations, but also in picking out quality products for its users to trade.  Thoughtlessly including products that are not high quality would be irresponsible to our users.

Because Litecoin has achieved acceptance by a large number of investors, has good liquidity and value, and has been able to withstand the tests of the markets, Huobi has decided to launch litecoin trading.

Canada’s VirtEx has also added Litecoin trading in February. It has became a trend among the exchange to include the option for Litecoin trading. One Litecoin is now worth 0.03 BTC, or $18.30.

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