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November 10, 2013, 11:02:48 AM |
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There is no reason for BTCChina to accept litecoin atm.
If anything, there is a clear reason why NOT to accept litecoin - arbitrage.
BTCChina has been having the highest price of all exchanges, due to economical cut-off with Europe/USA. Add litecoin, and you're creating a massive arbitrage possibility, and prices on BTCChina will plummet to match those in Europe/USA, with the added possibility of market share.
For the same reason, Gox doesn't add LTC now, as the only thing it has going for it now is the 30USD premium. Add litecoin, and arbitrage will match the BTC price to BTC-e/Bitstamp, followed by MtGox users withdrawing their funds in BTC asap and withdrawing in USD elsewhere, without loss of premium.
It makes no sense for either of the big exchanges to add LTC now.
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