UK Crypto Facilities expands list of futures contracts

Posted 17 August, 2018

CME Group's partner, the UK crypto futures exchange –  Crypto Facilities – is said to expand its offer list with Bitcoin Cash contracts.

According to the reports, the British exchange has made a statement about the launch of a new contract on its platform this Friday. Notably, the platform is regulated by the UK Financial Conduct Authority. 

For now, the company offers future contracts on Bitcoin, Ethereum, XRP and Litecoin, while with the new product (Bitcoin Cash contracts) users will be able to expand their activities via making shorts and longs on Bitcoin Cash already.

"We have seen volumes as high as $180 million in a 24-hour period and have average daily volumes ranging from $20–60 million notional per day. We expect BCH to be as successful as our BTC, XRP, ETH and LTC futures that all trade in significant volume,"  commented the company spokesperson.

With the current trading result, the platform believes that the new product will bring fruits and enjoy demand from the investors, noting a non-stop growth in the crypto derivatives segment beginning from 2015.

For reference, the company signed a partnership agreement with CME Group and launched bitcoin futures contract at the end of 2017. Crypto Facilities does not run offices in the USA. From this partnership, UK business gets access to such indices as CME CF Bitcoin Reference Rate and CME CF Bitcoin Real-Time Index.
 

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17 August, 2018 17:45

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