Business 5 September 2018

Erik Gibbs

Crypto Facilities launches perpetual futures contracts in Bitcoin BCH, other cryptos

The Crypto Facilities (CF) exchange has announced the launch of the world’s first perpetual futures contracts. The new system will allow investors to use U.S. dollars to purchase perpetual futures for different currencies like Bitcoin BCH, along with LTC, ETH, XRP and XRP-BTC.

In a Twitter post from a few days ago, the company announced the new offerings, stating, “We have just launched Perpetual Futures on XBT/USD. And world’s first Perpetual BCH/USD, ETH/USD, XRP/USD, LTC/USD, and XRP/XBT contracts. Use Bitcoin, Ether, Litecoin, XRP & [Bitcoin BCH] as collateral to trade 24/7!…”

Perpetual futures can be compared to other futures derivatives, but they don’t have an expiration date. This allows for the contracts to manually rollover. With the CF contracts, though, there will be an “auto-rolling feature” that is triggered every four hours.

The company began offering cryptocurrency-based derivatives almost two years ago. It is regulated by the UK’s Financial Conduct Authority (FCA) and is continuously upgrading its futures options. Being regulated by the FCA goes a long way at providing a greater level of confidence in the legitimacy of the platform.

Last August, Crypto Facilities started offering BCH-USD futures, bringing Bitcoin BCH to operate alongside BTC, XRP, LTC and ETH. CF is also the supplier of reference data used by the CME Group for its CME CF Bitcoin rates for BTC futures, as well as the ETH-USD real-time index and reference rate.

There are now a number of companies that have launched services for deep-pocket investors. Along with CF, CBOE, BitMEX and CME all act as a gateway for institutional investors to be able to gain exposure to digital currency within a regulated environment.

Institutional investments are seen as one of the primary stimulants that can lead to greater crypto adoption. As more institutional investors begin trading in digital currencies, it is believed that this will help shore up consumer confidence and also push traditional financial entities to begin offering their own crypto alternatives.

Institutional investments have already begun, but on a smaller scale than once anticipated. However, is regulations begin to be formulated, there could be a significant increase in adoption that will lead to cryptocurrency further entrenching itself in the global currency ecosystem.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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