The British platform for trade, digital assets, Crypto Facilities will launch futures contracts for Bitcoin Cash. This writes CoinDesk.
As stated by company representatives, trade new tool will monitor the Office of financial regulation and supervision in the UK. According to representatives of the Crypto Facilities, opening long and short positions on Bitcoin Cash, investors will be able to more effectively hedge risks and broaden investment opportunities.
Earlier Crypto Facilities has launched a trades futures contracts on the bitcoin, Ethereum, Litecoin and XRP. The average daily volume of trading is around $20-60 million
“Bitcoin Cash is in the top five cryptocurrencies by market capitalization, so it was a logical next step to add BCH for the remaining financial instruments”, — said CEO of Crypto Facilities Timo Shlafer.
He also expressed the hope that the contracts for Bitcoin Cash will be popular among clients of the platform.
Note that Crypto Facilities is a partner of the Chicago Mercantile exchange (CME). In particular, in December last year a team of British courts helped CME to launch bitcoin futures.
Meanwhile, according to the CEO of CME Group Terry Duffy, Chicago Mercantile exchange plans to launch futures products for altcoins because of their volatility and novelty.