Crypto Facilities – CME Group partner and a digital currency futures trading platform based in the United Kingdom – is adding a project of Bitcoin Cash (BCH) to its offerings. The crypto futures exchange announced a few hours ago that it was launching a Bitcoin Cash (BCH) contract on its platform, which is regulated by the Financial Conduct Authority of the UK.
Bitcoin Cash (BCH) Future Trading now Available On Crypto Facilities
The trading of Bitcoin Cash (BCH) future will commence on the crypto futures exchange Today, August 17th, at 4:00 pm (BST). The Bitcoin Cash futures contract joins the already existing futures contracts on the platform, such as Bitcoin (BTC), XRP (XRP), Ethereum (ETH), and Litecoin (LTC).
Investors can take short or long positions on the digital currency “enabling them to widen their investment opportunities and effectively hedge risk,” according to the crypto futures exchange – Crypto Facilities.
Timo Schlaefer – the CEO of Crypto Facilities – said that Bitcoin Cash (BCH) is the fourth largest digital currency in the world by market cap so it was a strategic move by the firm to add the digital currency to Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), and XRP futures offerings. The CEO said that the new offering will be popular with its clients, due to the previous interest in its other digital currency futures.
He also added that since 2015, there has been a steady upsurge in volume in the digital currency derivatives space, with the past year bringing about the most significant growth so far.
Bitcoin Cash (BCH) Price Today – BCH / USD
At the time of writing, Bitcoin Cash (BCH) is changing hands in the market at $540 after an increase of more than 3 percent over the past twenty-four hours. The fourth largest digital currency in the world by market cap currently boasts of a market cap of $9.29 billion and a trading volume of $266.88 million over the past twenty-four hours.