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.
— 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.”
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