Crypto Facilities is a UK-based crypto exchange and futures trading platform which offers a range of services including margin trading with up to 50x leverage. Today the exchange announced that it is adding Bitcoin Cash (BCH) to its futures trading provision, with the new trading pair going live at 4pm today UK time.
Crypto Facilities is a fully regulated trading platform, overseen by the UK’s Financial Conduct Authority. As such their offer of futures trading on the BCH/USD pair is the first of its kind to be offered by a regulated firm. The pair is just the latest addition to the firm’s futures contracts provision, having already added Bitcoin (BTC), Ether (ETH), Ripple (XRP) and Litecoin (LTC).
The company also partners with options and futures exchange CME Group to provide the Bitcoin and Ether Reference Rates which are used for CME’s Bitcoin and Ethereum futures instruments. Crypto Facilities in addition provides crypto pricing data for a range of other institutions, data vendors and trading firms.
The firm commented that the new pair allowed traders to “broaden investment opportunities and hedge risk more effectively.” CEO Timo Schlaefer said that the firm “have seen volumes as high as $180 million in a 24-hour period” and that daily volume is in the region of $20-$60 million. He said that despite the downturn in crypto prices, the past year had seen the largest growth in demand for their products.
Never one to miss an opportunity to promote Bitcoin Cash, Roger Ver commented that the new futures trading pair is “another example of how BitcoinCash is proving itself to be one of the most innovative and useful cryptocurrencies in the world.”
