Bitcoin Cash Will Be One Of The Largest Cryptocurrencies After BTC: Shin

Roger Ver’s firm is getting creative ideas to create interest in Bitcoin Cash. According to the new head of the BCH exchange unit David Shin, Bitcoin Cash will be one of the largest cryptocurrencies after Bitcoin. He said,

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“Within a year I want to make that the second- or third-largest market cap. To get from No. 4 to No. 3 or No. 2, we have to see more volume.”

Shin said to generate this volume, he began discussions to list Bitcoin Cash futures product on Commodity Futures Trading Commission-regulated exchange. He would also speak with the CME about BCH futures listing. 

U.S. regulators can also trade the regulated product as Shin is looking to work with retail broker. He said,

“We’ll try to list a BCH future on one of these exchanges that’s CFTC regulated to therefore have a product that can be traded into the U.S. with institutional traders. In theory, we should see more penetration, more users, more trading and more volume.” 

Speaking about the retail side, Shin would also develop eSports-like trading tournament who aims to create crypto influencers. Shin further explained about the emergence of Bitcoin Cash saying, 

“I don’t think the institutions really know what BCH is, so I want to be out there to change that rhetoric,” Shin said. “There’s a real opportunity if we believe two contracts are not enough, and maybe three to five is the right number, that the third one should be Bitcoin Cash.”

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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