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Bitcoin Cash (BCH) to Get Derivatives From Bitcoin.com

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.”

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin36,320 1.28 % 10.66 % 0.98 %
Ethereum2,569.2 0.23 % 2.89 % 2.41 %
Tether1.000 0.54 % 1.62 % 0.25 %
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XRP0.8842 0.72 % 2.31 % 12.57 %
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