CME Group Sets Bitcoin Cash And Uniswap Futures Date, Driving BCH Up 28%: how 11 outlets framed it

CME Futures Lift BCH

Bitcoin Cash jumped 28% to nearly $349 over 24 hours after CME Group said on Monday it will list Bitcoin Cash and Uniswap futures from Oct. 19.

Bitcoin itself traded around $85,800, down under 1% over 24 hours after matching Monday's intraday high near $87,300 and meeting the same selling into that level.

ZEC rose 9% to just above $1,646 and XRP rose 3% to nearly $1.59 over the same window, while TRX fell 2%.

Alex Kuptsikevich, senior analyst at FxPro, said in an email to CoinDesk that “Optimism in the altcoin market and in equities suggests that we are witnessing a temporary shift of speculative capital from the leading cryptocurrency into altcoins.”

Kuptsikevich added that “Many investors had parked their cryptocurrency-allocated capital in the most liquid asset class and are now seeking more profitable opportunities.”

Contract Terms and Access

CME Group said it will launch Bitcoin Cash (BCH) and Uniswap (UNI) futures on October 19, pending regulatory review, and Bitcoin Cash climbed from $270 to $328 on Binance within 90 minutes of the 8:30 a.m. ET release.

CME set standard and Micro contract sizes for Bitcoin Cash at 250 BCH and 25 BCH, and it set Uniswap futures at 10,000 UNI and 1,000 UNI.