Crypto Facilities Regulated Futures Exchange Adds Bitcoin Cash (BCH) Contract


Crypto Facilities to Launch World’s First Regulated Bitcoin Cash Futures Exchange

We’ve heard a lot about bitcoin (BTC) futures. But one UK exchange just made headlines for adding Bitcoin Cash (BCH) futures.

Crypto Facilities, the UK-based crypto futures exchange and CME Group partner, just added a Bitcoin Cash product to its marketplace. Now, traders on Crypto Facilities will be able to take a position on the future price of Bitcoin Cash.

Trading officially began at 4pm British Standard Time (BST). The firm had announced BCH futures trading earlier in the day.

This is a big deal for Bitcoin Cash. this is the first regulated Bitcoin Cash futures exchange. BCH’s price is surging on the news, although prices are also up across the crypto market.

Crypto Facilities is a regulated futures exchange. The exchange is regulated by the UK Financial Conduct Authority. Crypto Facilities made headlines across the crypto community last year for partnering with CME Group to launch the world’s first bitcoin futures contracts.

Now, in addition to BCH futures, Crypto Facilities offers bitcoin, Ethereum, XRP, and Litecoin futures contracts. Like with other futures contracts, traders can take a long or short position on Bitcoin Cash.

As reported by Coindesk, Crypto Facilities CEO Timo Schlaefer was excited to add BCH futures to the platform, saying:

“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.”

Schlaefer added that he believes BCH trading would be popular based on past interest in other crypto futures contracts.

“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.”

The firm has been active in the crypto derivative space since 2015 and has reportedly experienced steady growth since launch. The firm serves traders in the UK and does not currently have a US branch. However, Crypto Facilities partnered with CME Group to launch CME Group’s bitcoin futures contract marketplace last summer.

Crypto Facilities is also known for its two bitcoin price indexes, including the CME CF Bitcoin Reference Rate and CME CF Bitcoin Real Time Index, both of which underpin CME Group’s futures product.

The price of Bitcoin Cash is surging on the news, currently sitting at around $563 after starting the day at $521. Bitcoin Cash currently occupies the number four position in terms of overall crypto market cap. Other cryptoassets have experienced similar increases in price, although BTC is up just 1.55% on the day.

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