Bitcoin.com, backed by Roger Ver, is preparing to launch Bitcoin Cash futures contracts(BCH). It is reported by Bloomberg.
David Shin, head of the launched crypto exchange Bitcoin.com, told the publication about the start of negotiations with representatives of the Futures Trading Commission (CFTC). Ultimately, Shin intends to seek permission to include BCH futures on US trading platforms.
We will attempt to get BCH futures listed on one of the CFTC regulated exchanges. Thus, we will have a product available to institutional traders from the United States, – Shin said.
This move aims to improve BCH's position incrypto space. According to the head of Bitcoin.com, to achieve this goal, BCH first of all needs to increase trading volumes. Shin added that he “would like to discuss listing BCH futures with CME.