The First Regulated Bitcoin Cash (BCH) Futures Market Is Now Live
Our BCH/USD Futures are live!
We support CashAddr format and credit deposits after 1 confirmation – https://t.co/tcdL5Nei5T
Specifications for the contracts – https://t.co/vDr9Cj4ZKo
— Kraken Futures (@KrakenFutures) August 17, 2018
According to the announcement, this marks the first Bitcoin Cash-Dollar (BCH/USD) futures product to be fully regulated by the Financial Conduct Authority (FCA), opening up the cryptocurrency to the world of institutional investors and hedge funds. These investors may now take long or short positions in the BCH.
The 24/7 BCH market officially went live at 4 p.m. British Standard Time (BST) on Friday, adding to Crypto Facilities’ growing list of derivatives offerings, which includes Bitcoin, XRP, Ether and Litecoin futures. Crypto Facilities also notably provides the Bitcoin Reference Rate that powers CME Group’s Bitcoin futures, which launched last December.
In a statement accompanying the announcement, Timo Schlaefer, CEO of Crypto Facilities, highlighted the reasoning behind the firm’s decision to add Bitcoin Cash to its offerings.
We are pleased to be expanding our cryptocurrency derivatives offering with the launch of Bitcoin Cash futures. BCH is a top five coin with a market capitlization of around $10 billion and we expect our new contracts to spur the evolution of the crypto markets by bringing greater liquidity and transparency to the digital asset class.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.