Crypto features, the UK-based crypto futures exchange and CME Group Partners are adding bitcoin cash products to their offerings.
The firm announced on Friday that it is launching an agreement on its platform, which is regulated by the UK Financial Practices Authority. Bitcoin cash future business will start from 4 PM. British Standard Time (BST).
The contract becomes incorporated into the company’s existing bitcoin, Ethereum, XRP and Litecoin futures contracts. The company said investors can take long or short position on bitcoin cash, “get them to expand investment opportunities and allow them to handle risk more effectively.”
Crypto features CEO Timo Schlaefer said that “Bitcoin cash is top five cryptocurrency by market cap, so it was a logical next step to add BCH our offer BTC, ETH, and LTC futures.”
Schlaefer has predicted that the offer would be popular with its customers, based on the previous interest in your other crypto futures.
He said, “Since 2015, we have seen a steady increase in volumes in the Cryptocurrency derivatives space, seeing the highest growth so far last year.” The firm had partnered with the CME Group to launch the later fictitious futures contract in December last.
For this, crypto facilities gives power to two bitcoin price indices – CME CF bitcoin reference rate and CME CF bitcoin real time index – which reduces futures of CME group.