CoinGecko co-founder: Many cryptocurrency exchanges are looking to launch their own derivatives

According to AMBcrypto, bitcoin futures is a very popular market, especially in the past few months, bitcoin prices have increased, which has stimulated market demand. However, BitMEX, which provides bitcoin futures trading, has recently fallen into a regulatory turmoil and is currently under investigation by the CFTC. At this time, other companies are seeking to expand and diversify in the futures market. Bobby Ong, co-founder of CoinGecko, a cryptocurrency website, said, “Many exchanges are looking to launch their own derivatives, and even many exchanges are mimicking BitMEX’s permanent swap contracts for weekly/biweekly/quarterly Futures trading.” Ong also confirmed that CoinGecko also received requests from a number of exchanges to “increase their futures market”.