Cryptocurrency exchange HashKey has announced it will be listing Litecoin">Litecoin (LTC) on its licensed platform for professional investors in the near future. As of January 10th, LTC deposits and withdrawals are enabled in preparation for live trading. The LTC/USD trading pair is set to go live on January 12th, though it will only be available to investors who meet HashKey’s professional requirements in line with
Hong Kong’s regulations for virtual asset trading.
To facilitate the new listing, LTC deposits and withdrawals can be made via the Litecoin network. In a bid to spur interest and activity, HashKey is also launching a promotional campaign where the first 250 customers who successfully complete a quiz will share a prize pool of 5,000 HKS tokens. This “Learn How to Earn” campaign rewards are being distributed on a first-come, first-served basis. However, despite the impending addition to HashKey’s platform, LTC’s price has not reacted strongly so far. Over the last 24 hours, it has risen a modest 1.66% to reach $67.25 per LTC based on CoinMarketCap’s data. Trading volumes for LTC have picked up by 17.5%, hitting $483 million in the last day.
For some background, Litecoin is a pioneering alternative cryptocurrency that was created in the early days of Bitcoin to help solve some of the issues faced by Bitcoin’s network and software systems. It was designed to upgrade and offer an enhanced version of Bitcoin in many ways. Notably, last November HashKey had also signaled it would list Chainlink’s LINK cryptocurrency. But despite the announcement, LINK trading has not yet gone live for HashKey’s professional investors at this time.
