Crypto Facilities Expands Futures Trading for Bitcoin, Ethereum, Others
Crypto Facilities, a trading platform launched this year, has increased its offering of cryptocurrency futures contracts. It now allows traders to buy futures contracts for five coins: BTC, ETH, XRP, LTC, and BCH. Each trade can use up to 50x leverage for approved traders.
Crypto Facilities Ahead Of The Game
The cryptocurrency market is expanding, and companies are finding ways to differentiate themselves. Institutional and wealthy investors are searching for new investment options. This is what the UK-based platform Crypto Facilities is doing; by offering perpetual futures.
Perpetual futures work in a similar way to futures derivatives. But there is a big difference, the perpetual ones do not have an expiration date. It is not necessary to manually roll over the contract.
The exchange offers an auto-rolling feature that triggers every four hours. The latest specifications of the site’s interworking can be found here. Furthermore, the firm is regulated by the U.K. Financial Conduct Authority.
Crypto Facilities launched BCH-USD futures back on August 17. In addition to it, the company provides CME Group with the CME CF Bitcoin reference. This allows the CME Group to offer Bitcoin futures.
There are several platforms offering crypto derivatives such as CME, CBOE, and BitMEX.
In the United States, the market is awaiting a rumored announcement from CBOE about its intention to launch Ethereum Futures Contracts. The jury is out on what futures will do to certain crypto prices. Some analysts like Tom Lee, Fundstrat Global co-founder, Ethereum’s price would experience a decline and Bitcoin would be benefited.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.