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 marksthe 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 investorscouldcurrentlytake long or short positionswithin theBCH.
The new BCH marketformallywent live at 4 p.m. as per Britishtime(BST) on17th Aug. adding to Crypto Facilities’ growing list of derivatives offerings,currently listingBitcoin, Ripple, Ethereum and Litecoin future markets. Crypto Facilitiesadditionallynotably provides the Bitcoin Reference Rate that powers CME Group’s Bitcoin futures,that was launched inDec last year.
The CEO of the company ’Timo Schlaefer’ announcing this new feature said:
“Wearehappyto beincreasingour cryptocurrency derivativesofferingwith the launch of BCH futures. Bitcoin Cashcurrently is among the top 5digital coins with a market capitlization of around $10 Blnand weexpect our new contracts to spur the evolution of the crypto markets byintroducing greaterliquidity and transparency to the digitalassetscategory.”