LiteForex Puts Crypto Assets Temporarily on "Close Only" Mode

Fazzaco learned that LiteForex, a multi-asset brokerage platform, has informed its clients that it has put all the cryptocurrency pairs on 'close only' mode due to some technical issue with its liquidity provider.

The broker stated in the Company's news that "Trades in cryptocurrency pairs are temporarily available only in the "close only" mode because of the liquidity provider's technical issues. Clients can close their current market trades but are temporarily unable to open new ones." 

"Our technical experts are activating a more stable liquidity source, and cryptocurrencies will be traded as usual shortly," the broker added. 

"We apologize for this inconvenience and assure you we are making every effort to bring cryptocurrency trading back to normal."

LiteForex is an independent international financial markets participant and leading provider of online Forex trading services for retail and institutional investors. As a regulated CIF (Cyprus Investment Firm), licensed by CySEC (Cyprus Securities and Exchange Commission) with accordance with Markets in Financial Instruments Directive (MiFID) and authorized by FCA (Financial Conduct Authority, UK), LiteForex provides services to the residents of countries from the European Economic Area (EEA), United Arab Emirates and Marshall Islands.