LPs of Cryptocurrency markets. Table of Contents

Ten-fold increase in contract size per crypto asset.

LiteFinance contract dimension changes

LiteFinance, a broker that dutifully keeps its customers updated, with an article published on May 26, 2022, announced significant changes to the contract size of some cryptocurrency pairs. The company’s main liquidity provider has increased the contract size of the following crypto assets tenfold. A liquidity provider is an individual or institution that acts as a financial intermediary in a specific asset class. Most of the world’s liquidity is provided by a number of powerful investment banks.

  1. BCHUSD
  2. EOSUSD
  3. VETUSD
  4. AVXUSD
  5. ZECUSD
  6. OMGUSD
  7. XLMUSD
  8. XTZUSD
  9. TRXUSD
  10. ITAUSD
  11. ADAUSD
  12. ALGUSD
  13. ALIUSD
  14. ILVUSD
  15. QTMUSD
  16. REFUSD
  17. TLMUSD

These changes made by the liquidity provider oblige the LiteFinance company to necessarily increase the contract size by 10 times for both new and existing positions. For a correct balancing of market positions, the volumes of open positions and any pending orders will consequently be adjusted and reduced by ten times.

The update will take effect on 04.06.2022 at 12:00 (LiteForex terminal time GMT + 3) and will involve the following changes.

  1. All the crypto instruments listed above will be in “close only” mode until the adjustment is made.
  2. Any open trading of the assets listed above, upon entry into force of the announced changes, will have a volume reduced by ten times and any open trade with a volume of less than 0.1 lots will necessarily be closed at the market price.
  3. The volumes of the traded lots will be resized following strict standard rounding rules (e.g. 0.15 lots will be rounded to 0.2 and subsequently adjusted to 0.02, for a volume of 0.14 lots the adjustment will be equal to to 0.01).
  4. Each LiteFinance trader will need to change their trading advisors.

For more detailed information on the subject just discussed, it will be possible to visit the official website and possibly use the support team always available for any eventuality.

Visit the official website LteForex

Crypto trading with LiteFinance

Crypto trading is considered by most traders to be a valid alternative to the most common instruments on the markets. LiteFinance offers its clients a wide range of reliable crypto instruments that allow trading with high profit potential and accurate risk diversification. The cryptocurrency market is open 24 hours a day, 7 days a week, it is not influenced by financial institutions and the demand rate is only influenced by financial market participants.

  • Both spreads and swaps can be modified by LiteFinance based on current market fluctuations, volatility of financial instruments and changes in interest rates.
  • Swaps will be calculated every business day at 00:00 and triple swaps from Friday to Monday.
  • Margin interest equates to the cost that the trader will have to incur for the money borrowed from LiteFinance to maintain their trading positions.
  • It will be possible to trade on cryptocurrencies 7 days a week, excluding a technical break between Saturday night to Sunday from 03:00 to 05:00 LiteFinance trading server time.

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