bitcoin-1813505_1280

Bitcoin.com And BCH In Talks

Bitcoin.com is in talks to list a bitcoin cash (BCH) futures contract on a regulated exchange, according to David Shin, head of the company’s exchange division. 

The Singapore-based Shin said he had early talks to ensure a BCH futures contract would be available on an exchange regulated by the Commodity Futures Trading Commission (CFTC). He also said Bitcoin.com hoped to partner with a retail brokerage.

No CFTC-regulated exchange offers bitcoin cash futures. Bitcoin cash is the fourth-largest cryptocurrency, behind bitcoin, ethereum and XRP. Shin said the push into futures would increase trading volumes and liquidity, and ultimately boost BCH’s market cap. 

Bitcoin cash was trading Thursday afternoon around $300 a coin with a market cap of nearly $5.4 billion dollars, according to CoinDesk data. This is half the market cap of XRP, the next-closest coin, and 1/35th the value of market leader bitcoin.

 

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