New USD Crypto Futures Bring Bitcoin, Bitcoin Cash, Ethereum, XRP and Litecoin to Institutional Investors


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.

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.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.

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