Apr 21, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — Trump wants to fire Powell? 

US president Donald Trump is actively considering firing Federal Reserve Chairman Jerome Powell, following Trump's public criticism of Powell for not moving quickly enough to reduce interest rates. National Economic Council Director Kevin Hassett confirmed that the administration is examining this option, suggesting that Powell's actions have politically favored Democrats. Hassett argued that the Federal Reserve's decision to raise interest rates shortly after Trump took office was intended to undermine the economic impact of the tax cuts implemented during his administration, which were deemed inflationary. He further criticized the Fed for not addressing inflation concerns stemming from federal spending under President Biden, implying a lack of accountability.

During a recent press conference, Trump conveyed his dissatisfaction with Powell, asserting that if he wanted to remove him, it could happen "real fast." While he did not explicitly state his intention to dismiss Powell, his remarks highlighted the growing tensions between the White House and the Federal Reserve regarding monetary policy. Hassett defended Trump's frustrations, advocating for a focus on economic policy rather than interpersonal conflicts. This situation underscores the complex dynamics between the executive branch and the central bank, as Trump navigates economic challenges leading up to the next election.

Weekly crypto highlight — XRP ETF coming

HashKey Capital has officially launched the HashKey XRP Tracker Fund, marking the first investment fund in Asia designed specifically to track the performance of XRP, the digital asset integral to Ripple's global payment ecosystem. This fund is aimed at professional investors and offers a unique opportunity to gain exposure to XRP without the complexities of direct asset management. Investors can subscribe through cash and in-kind options, with the fund providing monthly liquidity.

Ripple, as an early backer of the fund, is looking to enhance its strategic partnership with HashKey Capital, which already manages Hong Kong–listed spot ETFs for Bitcoin and Ethereum. This collaboration not only solidifies Ripple's presence in the Asian market, but also opens avenues for future financial products, such as the potential tokenization of a money market fund on the XRP Ledger. Fiona Murray, Ripple's Managing Director for the Asia-Pacific region, highlighted that this partnership is part of a broader strategy to introduce more regulated cryptocurrency products for institutional investors in the region, aiming to foster a more robust crypto landscape in Asia.

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Weekly Institutional Insights: Trump’s desire to fire Powell might induce volatility; XRP ETF coming

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards.

Daily top performer — Pyth Network (PYTH)

The S&P 500 dropped 1.5% to 5,282.70 this week, down 5.9% in April and 10% year-to-date, led by tech losses. Real estate and energy outperformed, while political pressure on Fed Chair Powell and inflation concerns weighed on sentiment. Gold dipped 0.6% to $3,319 after a record high, as Powell’s stagflation warning tempered its rally. Despite the pullback, the uptrend remains intact. The Coindesk Indices, which tracks the broader crypto market, are up by 0.77%, with Bitcoin and Ether rising 0.64% and 0.72%, respectively, over the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is PYTH, up 10.1%, following the launch of Pyth Entropy for secure on-chain random number generation by Soneium.

Pyth Network (PYTH),  is a blockchain oracle system that delivers real-time crypto price data to blockchains, enabling smart contracts to react to market changes. Soneium 

 Pyth Entropy, a tool for securely generating random numbers on-chain. Two apps, HandsNFT AI and 2p2e, are already utilizing Pyth Entropy to create unpredictable and engaging experiences.

Check out the latest prices, charts, and data of 

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards. This approval follows recent changes to local laws, with China Asset Management (ChinaAMC) partnering with OSL Digital Securities to launch the ETF by May 15. The ETF will offer exposure to Ethereum staking, transforming it from a passive investment into an active participant in the Ethereum network. The staking process is powered by Kiln, with OSL providing custody and insurance services. The rewards will contribute to the ETF's net asset value, benefiting shareholders.

Yesterday, Bitcoin spot ETFs saw $25.9M in inflows, all from non-GBTC funds, while GBTC recorded no flow.

" and a points campaign called Drops, where users can earn points—potentially leading to an airdrop—by engaging with Linera content on X. To join, sign up on 

, complete tasks like joining Discord and interacting on X, then enter the campaign. Keep engaging to earn more points, but avoid spamming.

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Hong Kong approves Ethereum ETF with staking rewards, boosting institutional participation

Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

US president Donald Trump’s tariff policies are influencing both crypto and US equities. Last week, BTC and the S&P 500 rallied due to a 90-day pause in reciprocal tariffs (excluding China). Equities are slightly below their April 9 highs, while BTC is holding above $83K. Its implied volatility term structure has normalized, and the volatility skew has improved from last week’s bias toward out-of-the-money puts, though it hasn't fully shifted toward calls.

Please check out the report’s highlights.

Tariff pause briefly brings back trading volume

Since our last report, open interest surged on Apr 9, 2025, as crypto spot prices rose after President Trump’s temporary tariff pause, accompanied by a nearly $10B increase in trade volumes. However, trade volumes have since returned to mid-March levels, and open interest has declined from the April 9 highs. The initial price spike indicates the tariff pause surprised the markets, but the subsequent pullback reflects concerns over remaining tariffs.

After being inverted for much of April due to trade policy shocks and macro headwinds, BTC’s term structure has disinverted, with front-end volatility dropping significantly this week. Call and put volumes have been balanced, with calls slightly exceeding puts most days. Apr 9, 2025, reflected mixed market sentiment, as both call and put volumes rose, but puts were higher overall. Open interest remains greater in calls, and has increased slightly since last week, reaching its highest level for the month (more than double from the beginning of April).

Despite a rally on Apr 9, 2025 that brought ETH close to $1.7K, traders sought downside protection, leading to higher volumes in put contracts as compared to calls. Since then, ETHUSDT options volumes have declined, but open interest remains strongly weighted toward calls with later expirations, which have increased since last week. After being inverted for much of April, ETH’s term structure of volatility has flattened, with volatility compressing around the 70% mark across tenors.

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Bybit X Block Scholes crypto derivatives analytics report (Apr 16, 2025): Bitcoin put bias has moderated, but not yet shifted to calls

KiloEx (KILO) is a user-friendly DEX for perpetuals trading, offering high leverage, rewards, LSTfi integration and a robust multi-chain ecosystem.

 trading is one of the most lucrative areas for cryptocurrency enthusiasts if you know how to navigate the sometimes complex world of these contracts. Unlike standard futures, perpetual futures contracts have no expiration date, allowing traders to hold onto their positions as long as they prefer. You only exit a crypto perpetual (or “perp”) contract when you feel it’s the best time to execute your long or short trade. The lack of an expiration period makes these contracts attractive for traders.

Unfortunately, many crypto perpetual contract trading platforms are far from user-friendly. It seems like many perpetual crypto exchanges assume that only professional traders dabble in these contracts, and along with that assumption goes a second one — that these pros can navigate even the most complex user interfaces. As a result, finding a user-friendly perps platform is a challenge in the world of crypto trading.

 (DEX) that aims to change the status quo by providing a user-friendly environment for traders. Its platform also offers high leverage ratios, integration into the wider liquid staking token finance (LSTfi) ecosystem and generous reward programs for referrers and affiliates.

Thanks to its numerous benefits, this DEX caters to the needs of traders at all levels of expertise who are interested in crypto perpetuals. Operational since mid-2023, KiloEx launched its native token, KILO, in March 2025 to further enhance its platform's reward, staking and governance mechanisms.

 (BNB) that specializes in crypto perpetual futures trading.

 The platform prides itself on offering a user-friendly interface, high 

 ratios of up to 100x, multi-token vaults with generous APYs and a number of reward programs for referrers and affiliates.

Co-founded by Joey Ni (CEO) and Charles Gong (COO), KiloEx was originally launched on BNB Chain's mainnet in June 2023. As of mid-April 2025, the platform has additionally expanded its service coverage to five 

 (B2). This coverage allows KiloEx to access the ecosystems of three leading blockchain platforms — 

Manta, Base and Taiko are Ethereum-focused Layer 2 solutions, while opBNB is an efficient and low-cost optimistic rollup for the BNB Chain, while B

 is a platform linked to Bitcoin that acts as a major Bitcoin DeFi (BTCFi) enabler.

Because it’s a BNB-native platform, KiloEx's industry footprint is most notable within this blockchain's broader ecosystem. In fact, as Apr 17, 2025, KiloEx is the top DEX on the opBNB network by 

Using Layer 2 chains allows KiloEx to offer its users fast and low-cost transactions, which isn't always possible on a typical Layer 1 network. It's true that BNB Chain, the primary Layer 1 used by KiloEx, generally has much lower gas fees than Ethereum, the industry's leading 

 chain that’s notorious for its exorbitant costs. However, KiloEx's partner Layer 2 networks help drive costs and transaction times even lower. BNB Chain's current average gas fee is slightly over $0.10, while the opBNB Layer 2 rollup's comparable fee is only about $0.005.

In 2024, the platform introduced one of its most innovative features — the 

, which allows liquidity providers to stake multiple assets to earn high yields. That same year, KiloEx significantly expanded its partnership network, becoming an active player in the LSTFi ecosystem. LSTFi is a new stream within the DeFi industry that allows you to use 

 (LSTs) on various protocols for additional yield.

Having solidified its market presence in 2024, the project launched its native token, KILO, in March 2025. However, in mid-April 2025, KiloEx 

 and halted trading on April 15 as a risk management measure, pending investigation of the damage.

The Hybrid Vault is among the most innovative features offered by KiloEx. Essentially, it acts similarly to liquidity pools on other exchanges. Liquidity providers can contribute their crypto funds to the vault to support trading activity on the DEX and earn interest on their contributions, based on the fees earned by the protocol.

You can contribute a mix of coins to a KiloEx vault. Supported assets include 

Depending upon trading activity and the mix of coins contributed, you can earn APYs as high as 30%, making KiloEx one of the most lucrative choices for liquidity providers in this niche.

KiloEx uses a health factor calculation for this type of vault to keep your funds and the entire ecosystem safe. Based on the health factor score of your contribution to the vault, your funds could be liquidated if their value drops dangerously low.

Discounts are also offered for fixed-term deposits for established assets, such as USDT and USDC. Withdrawals for the fixed deposits are processed upon maturity, while all other withdrawals are processed within one to three "epochs," with each epoch on the platform lasting about three days. Thus, depending upon your contributed funds, you’ll wait anywhere from three to nine days to receive your crypto back.

The KiloEx platform also runs a generous referral program under which you can earn rewards for referring your friends to the platform. The amount you earn depends upon the trading volumes generated by the people whom you’ve referred. Additionally, your referees to the DEX can also benefit from fee rebates, again depending upon the volume of trade they generate.

There’s a tiered system, comprising nine levels, based on which you and your friends earn commissions and rebates. Under this system, even those referred traders whose monthly volume is at the lowest level (below $5,000) can still benefit from 5% rebates, while you also earn a 10% commission.

The table below shows the structure of this referral system with percentages for commission and rebates based on monthly trading volumes.

KiloEx offers an affiliate program for key opinion leaders (KOLs) with a certain level of social media following and influence in the crypto market. KOLs may apply to join the program by filling out an application, which is then considered by the project team within 48 hours.

To qualify for affiliate status, a KOL must have: 

Approved affiliates are provided a link to the platform, and are encouraged to invite their followers to trade on the KiloEx. If they invite at least five followers who trade at sufficient levels, the affiliates can start earning their commission. KOLs can earn up to 55% commission, depending upon the referred followers' trading activity.

KiloEx’s native utility token, KILO, is a 

 asset launched on BNB Chain. It’s used on the platform for governance, fee discounts on trades, rewards via 

, liquidity provision incentives and staking.

KILO is a supply-capped asset, with a maximum and total supply of 1 billion. The token’s supply allocation shares are shown in the chart below.

xKILO is an escrowed version of the KILO token. You can convert KILO to xKILO at a fixed rate of 1:1. The primary utility of xKILO is to provide boosted liquidity provision, which makes it possible to receive staking rewards. By locking xKILO on the platform, you can access special discounts and other benefits reserved for VIP-level users. Holding xKILO also grants you governance power to vote and influence the platform's future direction.

Unlike KILO, xKILO is nontransferable and isn’t tradable on the secondary market. The only ways to obtain xKILO are either to buy it with KILO or receive it via airdrops.

Platform users can earn points to qualify for KILO airdrops. Typically, you accumulate points by trading, depositing funds, referring others to the DEX, checking in to the platform and completing other specified eligible activities.

The project’s initial airdrop, Genesis Season, had an eligibility snapshot taken back in July 2024. Under the currently running airdrop campaign, Pioneer Season, users can earn points to receive KILO tokens for 180 days past the token generation event (TGE) in late March 2025 (i.e., until late September 2025).

Additionally, you can earn KILO tokens on Bybit simply by participating in the 

 event and holding BNB in your account. Every day at various random times, Bybit will take snapshots of your BNB holdings in your Funding and Unified Trading Accounts to calculate the number of KILO tokens you’re eligible for. The campaign will run through Apr 25, 2025, 11:59PM UTC, and you’ll have your share of KILO airdropped seven days after this date.

 market as a swap pair with USDT. If you don't have a Bybit account, you can easily 

, and access opportunities across hundreds of trading pairs and crypto products on the exchange's Spot and Derivatives markets.

As of Apr 17, 2025, the KILO token is trading at $0.039, which is 76.2% lower than its ATH of $0.1648 on Mar 27, 2025, and 17.3% higher than its ATL of $0.03344 on Apr 12, 2025.

Long-term price forecasts for KILO are mostly bullish. CoinCodex 

 at $0.0387 in 2027 and then rise to $0.135 in 2030 while PricePredictions 

When it comes to perpetuals trading, both traditional 

 (CEXs) and DEXs have often struggled to offer an intuitive trading experience. In contrast, KiloEx has made user-friendliness a cornerstone of its operations. With KiloEx, you can enjoy a streamlined trading process, access market trends info for thorough research, get an overview of the cryptocurrency market and conduct other activities via an interface that’s designed for anyone, irrespective of their familiarity with decentralized trading.

The platform also boasts a diverse range of other benefits not easily found in the world of perpetuals-based cryptocurrency trading — generous leveraged trading options, trading fee discounts, lightning-fast trades, low trading fees and an innovative Hybrid Vault system. Many of these benefits are thanks to KiloEx's collaboration with several Layer 2 decentralized platforms, which provide the technical infrastructure to enable low costs and fast order processing.

If you’re a crypto perpetuals enthusiast, KiloEx is definitely a platform to peruse.

Intermediate

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KiloEx (KILO): More than a DEX — a rewarding ecosystem

Blockchain

Altcoins

Litecoin, one of the easiest crypto coins to mine, has a mining process similar to that of Bitcoin and other proof of work blockchains.

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Among the mineable cryptocurrencies and blockchain networks, 

 (LTC) is probably the most frequently compared crypto to 

 (BTC). Litecoin is a direct descendant, i.e., a fork of Bitcoin, and shares many of the same properties with the world’s leading cryptocurrency – the mining process,

Litecoin, one of the earliest cryptos on the market, was launched in 2011 and is often referred to as the “silver” of the crypto world, with the designation of “gold” being reserved for Bitcoin. Litecoin is among the easiest cryptos to 

. Due to its lower profile and popularity compared to Bitcoin and some other Bitcoin offshoots, e.g., 

, Litecoin’s mining difficulty has typically been quite low. As such, LTC might just be among the most profitable coins to mine. In this article, we detail everything about how to mine Litecoin.

The Litecoin mining process is similar to that of its parent, Bitcoin, or other proof of work (

 (ETC). Miners try to solve a computationally intensive math puzzle to gain the right to add the next block of transactions to the Litecoin network. Though we have referred to the mining process as solving a “math puzzle”, it probably could be better described as a simple digit substitution exercise with not much of any serious math involved. Essentially, miners use their powerful 

 to continually generate new digit combinations in the hope of finding the match required by the Litecoin network’s software.

The first miner who manages to (essentially randomly) find the required digit combination earns the right to validate the currently mined block. Just like on Bitcoin, solving/mining a block is far from an altruistic endeavor on Litecoin – miners get their standard mining reward in LTC coins.

The miner’s reward for each solved block is currently 12.5 LTC (around $1,200). Similar to Bitcoin, Litecoin has a reward-halving mechanism built into its mining process. Litecoin’s rewards are halved every four years, just like on Bitcoin. The initial value of the reward was 50 LTC back in 2011 to 2015, during the coin’s first four years in operation. The first halving event, taking the standard reward to 25 LTC, occurred in August 2015. This was followed by the August 2019 halving, which took the reward down to its current 12.5 LTC. This year, we will witness another round of halving. This is expected to occur in July 2023, and it will take the reward down to 6.25 LTC.

Compared to Bitcoin’s reward amounts, these numbers look rather unimpressive. However, a new block of transactions is generated on Litecoin every 2.5 minutes. This is four times as frequent as Bitcoin's 10-minute block period, meaning that Litecoin miners can earn their rewards considerably more frequently than Bitcoin miners. Moreover, Litecoin is much easier to mine than its daddy Bitcoin, as measured by their mining difficulty scores.

The mining difficulty score is a standard measure used to estimate the computational requirements for mining a coin. It specifies the number of 

 a machine needs to produce to solve a new block. Among popular mineable cryptocurrencies, Litecoin has the second-lowest mining difficulty estimates, after one of its descendant forks, Dogecoin. The image below shows the current mining difficulty scores for popular PoW cryptos.

There are three main ways to mine Litecoin:

Each of these options has its own merits. However, by now, solo mining without a very powerful mining machine has become difficult to turn a profit due to the increased competition among miners. This is not something unique to Litecoin. By early 2023, solo mining without a mammoth rig has become a futile exercise on pretty much any popular mineable blockchain network.

, you join the Litecoin network as an individual miner node and use your mining machine to try to mine transaction blocks. If you do manage to add a new block to the chain, you will get the standard 12.5 LTC mining reward, all without having to share it with any other network participant. This is the main and probably the only advantage of solo mining on Litecoin.

The main disadvantage of mining Litecoin solo is the infrequency and inconsistency of rewards. Solo miners compete with mining pools, massive cooperatives that combine the computing resources of a large number of miners to solve new blocks on the network. The combined hash power enjoyed by the mining pools makes profitable solo mining extremely difficult.

As a solo miner, if you do not have a very powerful machine, you might end up never getting a block reward. Even with a powerful mining rig, you might end up waiting for extended periods of time for your next block reward. That is, of course, if you do manage to solve any blocks.

 are another, and probably the most popular, way of mining LTC. These pools combine resources from multiple miners to increase the chance of solving a block of transactions. When a member of the pool manages to mine a block, the 12.5 LTC reward is split between all the pool participants.

Each member receives a share of the reward proportional to the hash power contributed. Thus, as is the case with solo mining, it pays to have as powerful a rig as possible when joining a pool. The image below shows the top 10 Litecoin mining pools as of Jan 31, 2023.

Many mining pools retain a small percentage of the reward, typically anything between 0.1% and 3-4%, for providing their services. However, the good news is that there are at least several large pools in the Litecoin mining sphere that charge no fees at all. For instance, one of the leading Litecoin pools,

For miners without very powerful rigs, pool mining might be the only realistic option to earn rewards. Naturally, rigs without significant hash power are likely to earn very little in any mining pool. However, at least you will have some funds flowing in consistently. In contrast, solo mining without a high-end rig will likely lead to no rewards at all.

Even if you own a very powerful rig that lets you mine solo, pool mining may give you a more stable way to earn rewards. While your powerful rig can still let you turn a profit, joining a pool represents a way to earn rewards with a much higher frequency, even if in smaller bits.

Let’s say a miner with a high-spec rig manages to earn a full block reward once a month on average. By joining a pool, they can earn that amount in consistent, small chunks daily over the same period of one month. In other words, joining a pool might not increase the overall profitability of your mining activity over the long term, but it will definitely allow you to earn a more consistent income.

The larger the pool you join, the more frequently you can get your rewards.

Besides solo and pool mining options for Litecoin, there is also a third, and less conventional way to participate in the mining process – using a 

. Under the cloud mining model, you simply pay a monthly or yearly fee to a service provider that “rents” you some computing hash power. The cloud provider mines cryptocurrency for you in exchange for the fee and gives you a share of the mining profit commensurate with your rented hash power.

Cloud mining does not require you to own any hardware, a big advantage compared to solo mining or pool mining. In essence, you simply pay a fee in the expectation of positive returns from the cloud provider. Naturally, your earnings might fluctuate depending on the network activity and mining difficulty on the Litecoin network. While the fee you pay to the cloud mining provider is usually fixed, your returns are normally variable.

Take into account, however, that the choice of reliable cloud mining providers is quite limited, particularly for Litecoin and other mineable cryptos less prominent than Bitcoin. Some major cloud mining providers with the option to mine Litecoin are 

In theory, Litecoin mining can be done using CPUs, GPUs or 

, all of which are powerful machines specifically designed for cryptocurrency mining. However, realistically, mining Litecoin with a CPU or GPU is no longer a profitable option. Although Litecoin’s mining difficulty is much lower compared to the majority of other leading PoW cryptos, competition among miners on the chain has intensified over the last several years. Given the increased competition, CPU or GPU mining is simply not going to be profitable.

Using an ASIC machine is the only realistic way to derive profit from Litecoin mining. ASICs have been popular in Bitcoin mining for many years.

Unfortunately, a Bitcoin ASIC cannot be used as a Litecoin mining rig. This is because Bitcoin and Litecoin use different hashing algorithms. Bitcoin uses the 

The good news is that ASIC machines used for Litecoin mining can be used to concurrently mine another highly popular coin, Dogecoin. Dogecoin is one of the forked descendants of Litecoin and shares the same Scrypt hashing algorithm with it. Thanks to the high levels of compatibility between the two cryptos, they are often mined together via 

In merged mining, you simply use the same machine and resources to mine two cryptos, in this case, Litecoin and Dogecoin, at the same time.

After setting up your mining hardware, you will need to download and use specific software to mine Litecoin. Many software packages work well for Litecoin mining. Some such as 

 are completely free to use. Popular paid mining software packages for Litecoin include 

A Litecoin wallet is required to hold your mined funds. Not all top software wallet brands support Litecoin. Some of the popular wallet providers that provide the Litecoin wallet option are 

How Long Does It Take to Mine One Litecoin?

Litecoin has a block time of 2.5 minutes, and that is the amount of time it takes to mine one Litecoin. In this regard, Litecoin is mined four times as frequently as Bitcoin, Bitcoin Cash, and Bitcoin SV. Among popular mineable cryptos, two have even lower block generation times than Litecoin – Dogecoin (1 minute) and Ethereum Classic (15 seconds).

In early 2023, the optimal way to mine Litecoin is by using a reasonably powerful ASIC machine and joining a large enough pool. Mining solo is still possible with a very powerful ASIC setup, but using a pool is well recommended even if you own the most powerful rig available. By joining a pool, you will ensure much better consistency of your mining income.

Additionally, Litecoin is among the coins with a few decent free mining pools available on the market. Thus, pool-based mining is optimal for LTC.

When setting up your mining operations, ensure that you also mine Dogecoin in a merged format with Litecoin. You spend no additional resources by doing so and only stand to benefit by earning DOGE in addition to LTC.

As covered earlier in our article, Litecoin is among the easiest coins to mine, with only Dogecoin having a lower difficulty score. That doesn’t mean, however, that Litecoin mining is necessarily profitable. Competition among miners in 2023 is quite fierce on just about any popular mineable crypto network. 

Further, just like Bitcoin, Litecoin has a capped supply. There will only be 84 million Litecoin ever created, and as of January 2023, around 72 million have already been minted. Coupled with the reward halving mechanism, the ever-diminishing rewards will drop to zero by 2142. So while Litecoin remains relatively profitable for now, bear in mind that its profitability will only decrease over time.

To properly estimate the profitability of mining Litecoin, you are well advised to use some of the popular 

 is undoubtedly the most commonly used among these calculators. Head to the website’s calculator section, choose Litecoin, and enter the key parameters to estimate – the hash rate and power consumption of the mining rig you own or consider buying, your electricity costs and the fees you would pay if mining via a pool.

The calculator will quickly show you how much profit, if any, you are going to make. Do remember, however, that mining profitability estimates can change rapidly depending on factors such as competition among miners on the network and, importantly, LTC’s current market price.

There are two main ways to cash out your mined Litecoin.

You can sell your Litecoin on a reputable exchange like Bybit. At Bybit, you can sell your Litecoin via One-Click Buy or P2P trading.

Bybit’s One-Click Buy function provides you a straightforward way to sell your Litecoin in just a few steps. You will just need to click on 

then select your desired coin to sell (in this case, LTC) and fiat currency to receive, and the quantity of coins to sell or amount of fiat you want to receive. Then, click on 

to confirm your sale. You can select your preferred payment method, or simply choose the recommended payment method from Bybit based on the current exchange rate.

 connecting sellers and buyers at zero fees. Bybit’s P2P service offers top-notch security with multiple layers of protection for your assets, such as 

 for all advertisers and an escrow service to hold user funds. It also gives you more flexibility in your choice of buyer, since you can filter out your buyer advertisers by filling in the 

 to earn high interest payouts from borrowers, paid out hourly after your deposit. Bybit Lending also guarantees a flexible redemption period so you can credit your redemption immediately. Your funds are kept secure with extensive risk management measures, such as collateral value ratios and an Insurance Fund.

It’s easy to become a lender on Bybit, as all you need is a Bybit account. Log in to your account and click on 

 function on its menu. Next, choose an asset to lend (LTC, in this case) and confirm your transaction. Once your transaction is confirmed, you can review its details, including the hourly interest rate.

Litecoin shares many similarities with its predecessor, Bitcoin, including the mining process and reward-halving mechanism. While Litecoin is considered one of the easiest cryptocurrencies to mine, competition among miners is intense and profitability can vary. Furthermore, the decreasing mining rewards over time (due to the capped supply and halving mechanism) can affect Litecoin’s mining profitability. By utilizing the right tools and strategies, miners can maximize their chances of success in the ever-evolving mining landscape.

How to Mine Litecoin: The Ultimate Guide to Litecoin Mining

Compete for 2,500 USDT USDT Every Week

How to Mine Litecoin: The Ultimate Guide to Litecoin Mining

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards