Litecoin is a peer to peer online currency

Litecoin is a peer to peer online currency

Litecoin is a peer to peer online currency that trades on the Okex cryptocurrency exchange platform, which people use for payments. This coin listed on the Okex site on November 12th, 2019, and paired with several coins such as the USDK currency. USDK is the cryptocurrency developed by the Fintech limited to offer secure, reliable, and trusted transactions among the users in the market. The LTC/USDK pair is available on the Okex site for traders to trade with either of the currency for deals or investment reasons.

People who want to own the LTC coins can access the site, open an LTC wallet, and buy the coins using a visa card since the site allows it. They can exchange the Litecoins with the USDK currency using the pair exchange rates set by the platform; the USDK is equal to the US dollar. Users with the USDK currency can also acquire the Litecoins by exchanging them on the site with traders that own them. Exchange rates for this pair depend on market factors and volatility of the digital currency market.

Since the listing of the pair on this platform, the trade volume for this pair increased significantly due to increased demand for safer online transactions. The 24-hour trade volume on this site stands at 2551 LTC, which means more and more traders are considering trading with the pair. One LTC coin is equivalent to 45 US dollars on a low day and 48 dollars on a good day on this platform.

Traders who utilize this pair are those that involve handling higher transaction volumes to enable merchants to gain faster transaction confirmations. The performance of the single coins that make up this pair is better than that of the couple since the individual currencies can pair with other popular currencies. This pairing leads to more trade activities using single elements compared to the pair.