Roger Ver’s firm preparing to launch derivative for bitcoin cash

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.

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.” CME Group, which already offers bitcoin futures contracts since as early as 2017, is also gearing up to launch another bitcoin derivatives product, as reported by The Block last week. It could launch before the end of this year.

About Author

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on