Bitcoin.com, the firm backed by cryptocurrency investor Roger Ver, is preparing to launch a futures contract for bitcoin cash (BCH), currently the world’s fourth-largest cryptocurrency by market capitalization.
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David Shin, head of Bitcoin.com’s recently launched crypto exchange, told Bloomberg in a report published Thursday that he has initiated talks to list a BCH derivatives product on a Commodity Futures Trading Commission (CFTC)-regulated exchange.
“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,” Shin said.
The move is aimed at making BCH the second-or third-largest crypto by market cap “within a year,” he said, adding: “To get from No. 4 to No. 3 or No. 2, we have to see more volume.” Shin added that he would “love to speak with CME about listing a BCH future.”