Hard Forked Coin Bitcoin Cash (BCH) may gets its first derivative soon. Bitcoin.com is backed by one of the well-known crypto investor Roger Ver plans to launch bitcoin cash futures contracts.
According to the report published by Bloomberg on Thursday, The Head of Bitcoin.com's recently launched crypto exchange, David Shin started working to list a BCH derivatives on a Commodity Futures Trading Commission (CFTC) regulated exchange.
David Shin said:
“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 U.S. with institutional traders. Within a year I want to make that the second- or third-largest market cap. To get from No. 4 to No. 3 or No. 2, we have to see more volume.”
BCH Futures may launched before the end of the year. He would "love to speak with CME about listing a BCH future.” Shin added. CME is offering bitcoin futures contracts since 2017.