Roger Ver plans to launch Bitcoin Cash derivatives platform

Roger Ver is ramping up the Bitcoin Cash exchange on with plans to launch a derivatives exchange

Bitcoin Cash head honcho Roger Ver has revealed plans to launch a BCH derivatives market alongside the newly-launched 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.

“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’s exchange launch last week, with offerings of peer-to-peer local transactions and the ability to trade without going through KYC requirements.

For more news, guides, and cryptocurrency analysis, click here.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

Previous Article

Atlético de Madrid scores with crypto fan token 

Next Article

SFOX moves crypto market index from 'neutral' to ‘mildly bullish’

Read More Related articles