UK-based cryptocurrency futures exchange Crypto Facilities says it has launched the world’s first USD perpetual futures contracts in crypto for Ethereum, XRP, Bitcoin Cash and Litecoin, as well as XRP-Bitcoin perpetual futures.
The additional pairs are XBT/USD, ETH/USD, XRP/USD, LTC/USD and XRP/XBT.
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 & BitcoinCash as collateral to trade 24/7!
Sign up and trade within 60 seconds: https://t.co/Ia49JYRkzU pic.twitter.com/gbOtGcWLix
— Kraken Futures (@CryptoFLtd) August 31, 2018
Perpetual futures are similar to typical futures derivatives, but have no expiration date, which means you do not have to manually rollover the contract.
Instead, Crypto Facilities says its perpetual futures have an auto-rolling feature that triggers every four hours. You can check out all the specs on the new futures options here.
Crypto Facilities first started dealing in crypto derivatives back in 2016, and is regulated by the U.K. Financial Conduct Authority. The company is rapidly expanding its futures options.
It launched BCH-USD futures on August 17, adding the contracts to its list of derivatives, which includes Bitcoin, Ripple XRP, Ether and Litecoin futures. The firm also provides CME Group with the CME CF Bitcoin reference rate that powers CME Group’s Bitcoin futures, and the CME CF Ether-Dollar reference rate and real-time index.
Along with CME, Cboe and Bitmex, the Crypto Facilities trading platform is yet another major gateway for big money to enter the crypto space, giving institutional investors exposure to cryptocurrencies in a regulated environment.
[the_ad id="42537"] [the_ad id="42536"]
