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 exchange’s 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.
Bitcoin Cash is digital gold that we can actually send to each other.#Consensus #InvestAsia pic.twitter.com/muRr3BqwtT
— Roger Ver (@rogerkver) September 10, 2019
“We’ll try to list a BCH future on one of these exchanges that’s 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.com’s 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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