Roger Ver plans to launch Bitcoin Cash derivatives platform – Yahoo Finance

Bitcoin Cash head honcho Roger Ver has revealed plans to launch a BCH derivatives market alongside the newly-launched Bitcoin.com exchange.

According to Bloomberg, who spoke to the exchanges chief executive David Shin, the launch of new financial products is a way of increasing the trading volume of Bitcoin Cash to make it comparable with Bitcoin itself.

Within a year, I want to make that the second- or third-largest market cap, Shin said.

To get from No. 4 to No. 3 or No. 2, we have to see more volume.

In terms of the exchange, there are currently plans to list BCH futures on a CFTC-regulated market to increase interest from institutional traders.

Well try to list a BCH future on one of these exchanges thats CFTC regulated to, therefore, have a product that can be traded into the US with institutional traders, Shin told Bloomberg.

In theory, we should see more penetration, more users, more trading, and more volume.

Coin Rivet reported on Bitcoin.coms exchange launch last week, with offerings of peer-to-peer local transactions and the ability to trade without going through KYC requirements.

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Roger Ver plans to launch Bitcoin Cash derivatives platform - Yahoo Finance

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