FxWirePro’s CME Long Hedges Arrest Bitcoin’s Price Risks In Evolving Cryptocurrency Derivatives Markets
FxWirePro: Turkish Lira Rebounds On Key Geopolitical Factors, Capitalize On Momentary Dips And Bid USD/TRY Call Spreads
Cryptocurrency Derivatives Series: Are More Bitcoin Cash Derivatives On The Cards?
Crypto exchanges, in the recent past, have observed millions of dollars in BCH contracts. The renowned exchange, Huobi included BCH future contracts with both long and short facilities using the Huobi Derivative Market (Huobi DM).
Mounting interest in BCH derivative products has considerably attracted their clients amid the underlying spot prices (‘BCHUSD’) remain in sideways. Huobi included BCH to the firm’s derivative radar so as to enable their clients for stimulating arbitrage and hedging functionalities. While approximately about $10 million worth of BCH futures have been swapped during the course of this bullish streaks.
For now, we see a renowned cryptocurrency futures exchange, CoinFlex, who offer physically-deliverable BTC futures, has raised funds from Bitcoin Cash (BCH) advocate and Bitcoin.com CEO Roger Ver, as well as Polychain Capital, NGC Ventures and Divergence Digital Currency.
While David Shin, the head of the Bitcoin.com crypto exchange, spoke to Bloomberg about the Ver-backed firm's intentions to generate a BCH derivatives platform, establishing partnerships with CFTC-regulated exchanges, as per the South China Morning Post (SCMP) report.
Tesla Cybertruck update: Is Elon Musk's futuristic pickup truck joining the 'Cyberpunk 2077' vehicle lineup?