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.
“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.”