British crypto-currency derivatives exchange Crypto Facilities that are partner of the largest North American derivatives trading CME Group adds to their list of products contracts on Bitcoin Cash.
On Friday, the company said it is launching a new contract on the platform and regulated by the financial conduct authority of the UK.
The contract for Bitcoin Cash complements the product family of Crypto Facilities, which already presented the derivatives for bitcoin, Ethereum, Litecoin and XRP. Now investors can take long and short positions on Bitcoin Cash, thus “expanding your investment opportunities and more efficient Hejira risks”.
“Bitcoin Cash is among the top five cryptocurrencies by market capitalization, so it was logical to add BCH to the futures on BTC, ETH, XRP and LTC”, — said CEO of Crypto Facilities Timo Shlafer.
He expects that the new product will be in demand among his clients, given the interest in other cryptocurrency futures. “For a 24-hour period our volumes reached $180 million, Our average daily volume is $20-60 million We expect that BCH will be as successful as futures on BTC, XRP, ETH and LTC, each of which is characterized by a significant amount,” he added. “In 2015, we have seen steady growth in the cryptocurrency space derivatives, and the most significant growth has occurred in the past year.”
Although Crypto Facilities has subsidiaries in the U.S., the firm has helped CME Group to launch futures on bitcoin last year. Crypto Facilities serves two bitcoin index used in products CME Group.
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