Bitcoin.com Wants to Launch a Bitcoin Cash Futures Contract to Compete with XRP and ETH

2019-9-13 11:11

Coinspeaker
Bitcoin.com Wants to Launch a Bitcoin Cash Futures Contract to Compete with XRP and ETH

Currently, the world’s fourth-largest cryptocurrency by market cap is Bitcoin Cash (BCH) and has been for a minute. Even at this position and with a market cap of $5.37 billion, not a lot is usually heard about BCH compared to its “senior colleagues” like Bitcoin (BTC), Ether (ETH) and XRP. However, Roger Ver is planning to do something about all of that dormancy as there are strong plans by Bitcoin.com, to increase BCH adoption through a futures project.

According to David Shin, the head of the company’s crypto exchange, the firm is already engaging in specific discussions to make sure that a BCH futures contract would be offered in partnership with an exchange platform fully authorized and regulated by the Commodity Futures Trading Commission (CFTC). Shin hopes that this move will create an increased interest in the asset. Speaking to Bloomberg, he 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. In theory, we should see more penetration, more users, more trading, and more volume.”

It would seem that Ver is trying to follow some sort of “Bitcoin rulebook” with his plans for BCH. Back in May for example, Ver – who is popularly known in the crypto sector as “Bitcoin Jesus”, kicked off a new peer-to-peer crypto exchange for Bitcoin Cash, called “Local Bitcoin”, to much debate as the name is a little too similar to the popular peer-to-peer exchange platform for Bitcoin (BCH), LocalBitcoins.

At the time, Ver said he thought the idea was a good way to advertise the product and it seems like the gamble actually paid off. Roger Ver is currently the Chairman of Bitcoin.com after leaving the CEO position, currently occupied by Stefan Rust.

Essentially, the new Bitcoin.com endeavor seeks to follow in the steps of BitMEX, a platform that already offers futures contracts for Bitcoin with cash settlements. Bitcoin.com’s move is actually laudable because, at the moment, there are no BCH-focused futures contracts. If this works out, it could be a good thing for the general adoption and popularity of Bitcoin Cash. Shin has also expressed a desire to list BCH futures with the CME Group.

The Bitcoin.com exchange was launched a little over a week ago and in a surprising call, the platform is incentivizing traders with some benefits in its current early trading stage with “negative 0.3 percent trading fees”, allowing traders to get some of their money returned.

Shin, who recently joined the company specifically to lead the exchange, expressed a somewhat grand goal for Bitcoin Cash. According to him:

“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.”

Furthermore, Shin hopes that sometime in the near future, the company can facilitate a trading competition of sorts, with the aim of supporting several experts and analysts to further the industry.

Bitcoin.com Wants to Launch a Bitcoin Cash Futures Contract to Compete with XRP and ETH

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 66002.5 (-0.85%)
Îáúåì 24H $18.394b
Èçìåíåèÿ 24h: -1.36 %, 7d: 7.53 %
Cåãîäíÿ L: $66002.5 - H: $67668.16
Êàïèòàëèçàöèÿ $1300.286b Rank 1
Öåíà â ÷àñ íîâîñòè $ 10400.93 (534.58%)

bitcoin launch futures cash xrp wants compete

Èñòî÷íèê: coinspeaker.com

bitcoin launch → Ðåçóëüòàòîâ: 126


StackSwap Completes $1.3 Million Round To Implement The World’s First DEX On Top Of The Bitcoin Network

StackSwap’s plans to launch the first decentralized exchange on the Bitcoin network just finished their first private round. After raising $1. 3 million, with a leading investment from the Stacks Foundation, and major international investors such as HashKey, Genesis Block Ventures (GBV), and SOSV, the project is set to launch in November.

2021-11-5 14:38


Bakkt’s Long-Term Importance for Bitcoin Still Intact Despite Lackluster Launch

All eyes were closely watching to see how much utilization Bakkt’s physically settled Bitcoin futures platform was met with during its launch yesterday evening, but much to the chagrin of investors who believed that it would open with massive utilization stemming from institutional investors who are interested in crypto, its Bitcoin trading volume was and.

2019-9-24 02:00


Launch of Bitcoin Futures Bakkt Project Appears to Be Frozen in Place for Time Being

The whole industry appears to be looking forward to the launch of Bakkt, which was first announced in August to be a bitcoin trading and custody platform. The CFTC has already received a proposal, which includes an exception to allow for custody the Bitcoin involved in the futures contracts. Though the commissioners were given this […]

2019-3-18 17:02


NYSE Parent ICE Will Deliver Real Bitcoin Via New Futures Contracts

NYSE Parent, Intercontinental Exchange, to Launch New Futures Contracts Delivering Real Bitcoin The Intercontinental Exchange (ICE), the Atlanta-based company which owns the New York Stock Exchange (NYSE) announced on Friday that it plans to launch a couple of new products, the first being its new platform for digital assets, as well as a Bitcoin futures […]

2018-8-3 19:53


Ôîòî:

Starbucks Partners with NYSE Owner To Build ‘Global’ Digital Asset Platform

New York Stock Exchange operator Intercontinental Exchange (ICE) has revealed it plans to launch a global digital asset platform in November as a “scalable on-ramp” for investors. ICE To Build ‘Scalable On-Ramp’ In a press release August 3, ICE, which signaled its intention to launch physical Bitcoin futures in May, will debut them alongside the new platform, dubbed Bakkt.

2018-8-3 17:00


Ôîòî:

Yenom drives Bitcoin funds forms book room completed in Apple’s iOS-language Swift

Technology & Security This week the developers of the Bitcoin Cash-centric mobile wallet called Yenom have introduced a new Bitcoin Cash Kit (BCK) for BCH developers. Also Read: The Bitcoin Cash Network Processed 687,000 Transactions on August 1st Yenom Developers Launch Bitcoin Cash Kit Bitcoin Cash protocol development has been on fire lately as there’s a

2018-8-3 11:23


What Is BTCP Pay?

The launch of Bitcoin Private has not generated the big buzz some speculators had hoped for. In fact, most people had almost forgotten about it until recently. That is all coming to change thanks to the BTCP Pay platform, which will bring Bitcoin Private to online retailers across the globe. BTCP Pay is a Merchant Solution […]

2018-8-2 16:00


Ôîòî:

Queensland Backs Cryptocurrency Point-of-Sale Project for Tourism

The Queensland government in Australia is backing a cryptocurrency point-of-sale system that officials believe will help boost tourism throughout the area. Thus far, they have given over $8 million in Australian dollars ($6 million USD) to roughly 70 different companies that will work to inspire innovation and create new ideas within the region’s travel space.

2018-8-2 00:27


Bitprim Team Launches a Token Asset Creation and Smart Contract System Called Keoken

Now the firm Bitprim has announced the launch of a new token creation and smart contract platform called ‘Keoken’, an open protocol for extending blockchain functionality. Also Read: Market Caps for Privacy-Centric Currencies Have Dropped Significantly Bitprim Team Launches a Token Asset Creation and Smart Contract System Called Keoken This week the Bitprim development team gave news.Bitcoin.com

2018-7-31 22:34


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Tether CEO slams Ripple chief’s USDT remarks: Here’s what he said

Tether CEO Paolo Ardoino has slammed Ripple CEO Brad Garlinghouse’s remarks that the US government is “going after” Tether (USDT) as mere “FUD.” The Tether CEO also hit back at Garlinghouse as a CEO at the helm of a company currently under investigation by the US Securities and Exchange Commission (SEC). UDST is the world’s […]

SEC files final response in XRP lawsuit, rejects Ripple’s claims

The United States States Securities and Exchange Commission (SEC)  has filed its final response to its ongoing lawsuit against Ripple. According to the filing, the commission has refuted Ripple’s claims that it acted without recklessness in handling the XRP cryptocurrency.…

SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’

The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto company. In its May 7 redacted remedies reply brief, the regulator described the proposed stablecoin as an “unregistered crypto asset” and further evidence that the company will continue to engage in unregulated activities […] The post SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’ appeared first on CryptoSlate.