Bitcoin Cash Futures Volumes: A Prelude to the Recent BCH Price Appreciation

Over the last few weeks, there’s been a lot of attention focused on bitcoin cash (BCH) doubling in value and the $10 million worth of BCH-based futures being swapped on the Crypto Facilities platform every month. Last month, Crypto Facilities saw close to $50 million in BCH contracts. Since then, the popular Huobi exchange has also added BCH future contracts and traders can now take both long and short positions using the Huobi Derivative Market (Huobi DM).

Also read: Cryptonite Browser Extension Protects You From Phishing Sites and Fake Profiles

Huobi’s Derivative Market Adds Bitcoin Cash Futures Contracts

Interest in BCH derivative products has spiked considerably and bitcoin cash spot prices have been on a tear. On April 11, Huobi added BCH to the firm’s derivative listings and users can now short or long the decentralized cryptocurrency in order to bolster arbitrage and hedging positions. Huobi DM has done well since launching in Q4 of 2018 by offering weekly, bi-weekly, and quarterly…

Click to continue reading on its source location…

Source: https://news.bitcoin.com/bitcoin-cash-futures-volumes-a-prelude-to-the-recent-bch-price-appreciation/