bitcoin, ethereum, XRP, 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.”
“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.
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