OKEx Expands Litecoin offering, Hinting at Potential Lightning Integration

OKEx, one of the largest and oldest cryptocurrency exchanges has just hinted at some interesting news for Litecoin via its twitter. The company has indicated it is about to “Light up the market” and “Lite up the darkness” in the cryptic message. The only other information provided is the dates ‘May — August 2019’ and a bolt of lightning.

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OKEx, originally based out of China has since grown worldwide servicing over 100 different countries with a self-reported average daily trading volume of 1.5Bn across its 400+ spot and futures markets. Litecoin however has already been actively trading across all of these for a while indicating the team have something new planned.

It has been suggested that perhaps OKEx is expanding to have dedicated Litecoin trading pairs against other assets and altcoins. While this would be a great move for the adoption of Litecoin as a base currency and further cement its position it seems unlikely.

The dates hinted at suggest whatever is being planned will be launching in time for the upcoming block reward halving that according to data from LitecoinBlockHalf.com will be occurring on 06 Aug 2019 ~09:00 UTC. Perhaps numerous announcements are scheduled over this period in the lead up or perhaps it is just a general timescale.

The strong use of lightning bolts and similar terminology would suggest that most likely this post is referring to the adoption of Lightning technology. If this were the case it would precede even adoption of the Bitcoin Lightning network and become the first of its size to make the leap for deposits and withdrawls. It would also greatly help adoption of the network and put OKEx in a very advantageous position potentially becoming the largest node on the network and getting a foothold early.

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