Roger Ver Presses for Bitcoin Cash (BCH) Derivatives | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Roger Ver is trying to fuel the interest of institutional investors in Bitcoin Cash. According to news published from Bloomberg, September 12, the crypto-mogul Ver is thinking of launching futures contracts.
BCH for Institutions
Former CEO and current Executive Chairman of Bitcoin.com, Roger Ver focuses his efforts on initially promoting the first Bitcoin hard fork, Bitcoin Cash (BCH). According to Ver, Bitcoin Cash would have a much better chance of becoming a decentralized global currency than Bitcoin as it requires a fraction of the fee that Bitcoin does to execute a transaction.
So far these features have however proved insufficient to dethrone Bitcoin. To achieve this goal, Bitcoin Cash needs more liquidity which will consequently lead to a more rapid spread. The first step towards this goal was to launch its exchange unit at the beginning of September; now, according to some statements made by David Shin, the company is looking for institutional clients.
The new head of Bitcoin.com Exchange aims to bring Bitcoin Cash up to the second or third-largest cryptocurrency by market cap. For this reason, he declared his interest in discussing with the Chicago Mercantile Exchange (CME) about the possibility of listing a BCH future.
Shin is working to have a product listed in the next year so U.S. institutional investors can trade it. But that is not all. On the retail side, Bitcoin.com is working on the development of an eSports platform which would eventually boost retail investors engagement.