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First Licensed BCH Futures Trading Market Launched.
2018-08-19 | Big Bob
A U.K. based digital futures exchange in partnership with the CME group in London named ‘Crypto Facilities’ in an official announcement mentioned the launch of its world’s first licensed Bitcoin Cash ‘BCH’ futures market.
According to an official statement by the company, this marks the primary Bitcoin Cash-Dollar (BCH/USD) futures product to be fully regulated and licensed by the Financial Conduct Authority (FCA), unlocking digital currencies to the world of institutional investors and hedge funds. These investors could currently take long or short positions within the BCH.
The new BCH market formally went live at 4 p.m. as per British time (BST) on 17th Aug. adding to Crypto Facilities’ growing list of derivatives offerings, currently listing Bitcoin, Ripple, Ethereum and Litecoin future markets. Crypto Facilities additionally notably provides the Bitcoin Reference Rate that powers CME Group’s Bitcoin futures, that was launched in Dec last year.
The CEO of the company ’Timo Schlaefer’ announcing this new feature said:
“We are happy to be increasing our cryptocurrency derivatives offering with the launch of BCH futures. Bitcoin Cash currently is among the top 5 digital coins with a market capitlization of around $10 Bln and we expect our new contracts to spur the evolution of the crypto markets by introducing greater liquidity and transparency to the digital assets category.”
