Bitcoin Cash head honcho Roger Ver has revealed plans to launch a BCH derivatives market alongside the newly-launched Bitcoin.com exchange.<\/p>\n
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.<\/p>\n
Within a year, I want to make that the second- or third-largest market cap, Shin said.<\/p>\n
To get from No. 4 to No. 3 or No. 2, we have to see more volume.<\/p>\n
In terms of the exchange, there are currently plans to list BCH futures on a CFTC-regulated market to increase interest from institutional traders.<\/p>\n
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.<\/p>\n
In theory, we should see more penetration, more users, more trading, and more volume.<\/p>\n
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.<\/p>\n
For more news, guides, and cryptocurrency analysis, click here.<\/p>\n
The post Roger Ver plans to launch Bitcoin Cash derivatives platform appeared first on Coin Rivet.<\/p>\n
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Roger Ver plans to launch Bitcoin Cash derivatives platform - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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 Continue reading