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    Roger Ver Led Bitcoin.com Is Working To List BCH Futures On A CFTC Regulated Crypto Exchange

    Bitcoin Cash wants to become one of the largest cryptocurrencies in the world behind Bitcoin. They are working on multiple fronts to achieve that. David Shin, the head of the company’s exchange division is in talks to ensure that BCH also has its futures contracts listed.

    In an interview with Bloomberg, he states:

    “We’ll try to list a BCH future on one of these exchanges that’s CFTC regulated to, therefore, have a product that can be traded into the U.S. with institutional traders. In theory, we should see more penetration, more users, more trading and more volume.”

    CME Group Inc. as of now markets Bitcoin futures contracts started in 2017 and is planning to launch a further bitcoin derivative product, which could be launched later this year. He also has plans to build up an eSports like trading competition whose ultimate objective is to develop crypto experts, individual retail speculators who will incline toward an industry that is unequivocally identity-driven.

    Shin adds:

    “I don’t think the institutions really know what BCH is, so I want to be out there to change that rhetoric. There’s a real opportunity if we believe two contracts are not enough, and maybe three to five is the right number, that the third one should be Bitcoin Cash.”

    The plan, it appears, is to do essentially what BitMEX does for Bitcoin. BitMEX offers several of its trading products in the form of a Futures Contract with a cash settlement.

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    Sritanshu Sinha
    Sritanshu Sinha
    Sritanshu has a keen interest in emerging technologies, startups and economic anthropology. He holds the view that cryptocurrencies are the best bet humanity has got to push the world towards a borderless economy.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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