advertisement

Bitcoin Cash Contract Added to UK Based Crypto Futures Exchange

bitcoin, ethereumXRP, and litecoin.  According to the company, investors can choose between long or short positions on bitcoin cash, “allowing them to broaden investment opportunities and hedge risk more effectively.” Timo Schlaefer, the CEO of Crypto Facilities, stated:

“bitcoin cash is a top-five cryptocurrency by market cap so it was a logical next step to add BCH to our BTC, ETH, XRP and LTC futures offering.”

Based on the past interest in its other crypto futures, Schlaefer predicts that their latest offering would be popular with its customers as well. He added:

“We have seen volumes as high as $180 million in a 24-hour period and have average daily volumes ranging from $20–60 million notional per day. We expect BCH to be as successful as our BTC, XRP, ETH and LTC futures that all trade in significant volume. Since 2015 we have seen a steady increase in volume in the cryptocurrency derivatives space, with the past year seeing the highest growth so far.”

Last December, Crypto Facilities partnered with CME Group to launch the latter firm’s bitcoin futures contract. The firm also powers two bitcoin price indexes – the CME CF Bitcoin Reference Rate and CME CF Bitcoin Real-Time Index, that underpin CME Group’s futures product.

Read more: CME Group Partners with Crypto Facilities to Launch Two Ether Indexes

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

Get Latest Cryptocurrency And Bitcoin News

Signup this form below to get latest Cryptocurrency and Bitcoin news, directly in your mailbox

Note:

Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.