menu

Homepage > News > LiteForex puts crypto pairs into “close only” mode

LiteForex puts crypto pairs into “close only” mode


The LiteForex company, which runs the brokerage platform, informed its clients that it has introduced all cryptocurrency pairs into the close only mode. The decision is the result of technical problems experienced by the liquidity provider.

Cryptocurrency pair trading is temporarily only available in “close only” mode due to technical problems with the liquidity provider. Clients can close their current market deals, but temporarily will not be able to open new ones. – given in the broker message.

LiteForex did not provide any details on the problem, nor did it mention the name of the cryptocurrency liquidity provider. However, the broker has ensured that it is trying to mobilise other sources of liquidity to allow traders to continue trading cryptocurrencies. For the time being, however, no possible date for restoring the platform’s full functionality has not been given.

However, the company added that its technical specialists are working on launching a more stable source of liquidity and that cryptocurrency trading will soon be available. The broker apologises to clients for the inconvenience and ensures that they make every effort to ensure that everything returns to normal. LiteForex’s cryptocurrency offer includes trading services on nine popular cryptocurrencies, which include: bitcoin, bitcoin cash, dashcoin, ethereum, ethereum classic, litecoin, monero, ripple and zcash.

LiteForex is one of the many brokers that offer CFDs that cover cryptocurrency assets. These products are derivatives. Therefore traders do not own the underlying asset but only profit from price movements. Demand for such products is also growing due to actions by global regulatory authorities targeting cryptocurrency exchanges.

Author: Izabela Kamionka

Are you a trader?

Help others and rate your broker! Use the search engine or find your broker on the list.



Ad:

Last news:

Weekly news summary

ForexRev: weekly summary [09/13 – 09/19/2021]

The largest Chinese developer, China Evergrande, is on the verge of bankruptcy. The total amount ...
Read More

On September 20, the DAX 30 index will change to DAX 40

Significant changes are coming in the German DAX stock index. The biggest of these is ...
Read More
Cypriot financial regulator cysec

George Theocharides appointed new head of CySEC

The Cyprus Securities and Exchange Commission (CySEC) appointed Dr George Theocharides as the new chairman ...
Read More

The largest Chinese developer, Evergrande, is on the verge of bankruptcy

Until recently, the world's largest real estate development company is threatened with bankruptcy, which may ...
Read More

Add a comment

Your email address will not be published. Required fields are marked *

 

Note: Opinions and posts on ForexRev.com represent personal opinions and views of their respective authors and should not be interpreted as recommendations to purchase or sell securities. ForexRev.org assumes no responsibility or liability for such content.
Go to top