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Derivatives Exchange to Launch BCH Futures in the UK

futures contract on chart

Crypto Facilities Ltd, a UK-based cryptocurrency derivatives exchange, has recently added a Bitcoin Cash (BCH) futures contract to its services.

The exchange, founded in 2015 by ex-Goldman Sachs VP Timo Schlaefer and ex-BNP Paribas Software Architect Jean-Christophe Laruelle, also offers futures contracts for Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and Litecoin (LTC).

In addition to futures contracts, the exchange provides an Ether-Dollar Real-Time Index and Ether-Dollar Reference Rate in collaboration with CME Group. The index and rate figures are calculated using data from the cryptocurrency exchanges Kraken and Bitstamp.

The Bitcoin Cash (BCH) team have been very active lately promoting their tokenization protocol “Wormhole” and implementing a new full node that claims to return BCH to the original vision detailed in Satoshi Nakamoto’s whitepaper.

nChain, the main blockchain developer supporting the Bitcoin Cash network, announced on August 16 its plans for the full node implementation which will be dubbed Bitcoin SV – for Satoshi’s Vision. The new implementation aims to please miners who want to support an unaltered version of Bitcoin as opposed to the current forked version.

The announcement received mixed responses from the Bitcoin Cash Reddit community, with some users claiming the new implementation is ironically a fork in itself. Others pointed out the financial benefits the move serves to provide to mining outfit CoinGeek, which has recently acquired large amounts of Bitcoin Cash hash power.

Image From Shutterstock

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