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UK-based cryptocurrency futures exchange Crypto Facilities says it has launched the world's first US perpetual futures contracts in cryptography for Ethereum, XRP, Bitcoin Cash and Litecoin, in addition to XRP-Bitcoin perpetual futures.
Additional pairs are XBT / USD, ETH / USD, XRP / USD, LTC / USD and XRP / XBT.
We have just launched Perpetual Futures on XBT / USD. [19659003] And the first Perpetual BCH / USD, ETH / USD, XRP / USD, LTC / USD and XRP / XBT contracts in the world
Use Bitcoin, Ether, Litecoin, XRP and BitcoinCash as a guarantee for 24-hour trade 24, 7 days a week [19659003] Sign up and trade within 60 seconds: https://t.co/Ia49JYRkzU pic.twitter.com/gbOtGcWLix
– Crypto Facilities (@CryptoFLtd) 31 August 2018 [19659009] Perpetual futures are similar to typical futures derivatives, but do not have an expiration date, which means that it is not necessary to manually roll over the contract.
Instead, Crypto Facilities says its perpetual futures have an automatic rolling function that activates every four hours. You can check all the specifications on the new future options here.
Crypto Facilities began trading in cryptographic derivatives in 2016 and is regulated by the US Financial Conduct Authority. The company is rapidly expanding its future options.
Launched the BCH-USD futures on August 17, adding contracts to its list of derivatives, which includes the Bitcoin, Ripple XRP, Ether and Litecoin futures. The company also provides CME Group with the reference rate Bitcoin CME CF which feeds the CMO Group's Bitcoin futures and the CME CF Ether-Dollar reference rate and the real-time index.
Together with CME, Cboe and Bitmex, the trading of Crypto Facilities, the platform is yet another major port of capital to enter the cryptographic space, offering institutional investors exposure to cryptocurrencies in a regulated environment .
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