Institutional Platform SFOX Introduces Litecoin Trading
Founded back in 2014, Palo Alto-based SFOX, the platform for institutions and high-volume traders has announced adding Litecoin to its listings. Registered users will now be able to use the platform to sell and buy Litecoin. These using the platform are permitted access to multiple exchanges using their algorithms.
SFOX’s mission is to provide liquidity and access to buy cryptocurrency and believes adding support for Litecoin will help achieve these goals. Litecoin began as an imitation of Bitcoin with a few key differences for use in commerce. A block is created four times as often so when you buy Litecoin the confirmation time is shorter.
Litecoin will ultimately end up with four times the amount of coins as Bitcoin making it more accessible for global commerce and proportionately cheaper. The hashing algorithm differs from Bitcoin in the way that it is memory based as opposed to CPU.
The coin has the seventh largest market cap by volume as shown on Coin Market Cap and has held this position over the last year. Though the coin can be just as volatile of other cryptocurrencies, adding the ability to buy Litecoin through SFOX’s platform is showing endorsement for the coin.
SFOX has shown a strong commitment to offering liquidity for institutions with the demand of users seeing the introduction of Litecoin. Perhaps we could see further listings on the SFOX platform facilitating more options to buy cryptocurrency.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
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