CoinFLEX brings ‘physical’ Bitcoin and Ethereum Futures
Home News CoinFLEX brings ‘physical’ Bitcoin and Ethereum Futures
Marcel Knobloch –
One of the oldest Bitcoin exchanges, Coinfloor will go as a new Exchange with a new target market. This should already be starting in February ‘physical’ Future products and, therefore, the range increased significantly offered.
CoinfloorEx was launched last year as a subsidiary of one of the oldest stock exchanges in great Britain, Coinfloor,. In February of this year, a Rebranding should be opened take place with the Exchange under the name of CoinFLEX (Coin Futures and Lending Exchange). CoinFLEX will be resident in Hong Kong and Asia, a new target market to tap into. The stock market will provide ‘physical’ Bitcoin, Ethereum, and Bitcoin Cash Futures with 20x leverage.
So CoinFLEX occurs Bakkt international competition and ErisX, whose Start is expected for the first half of the year 2019. Bakkt announced in September 2018 that you are trying to physical Bitcoin-Future-products.
Due to a continued lack of regulatory approval, the launch of the Bitcoin Futures has been delayed, however, Bakkt. Bakkt is supported by a number of Financial heavyweights of the industry financially. These include Horizons Ventures Galaxy Digital, Boston Consulting Group, Microsoft’s Venture Capital Arm, Pantera Capital, PayU, CMT, Digital, Eagle, Seven, and Goldfinch partner.
One reason for the Expansion of CoinFLEX to Asia’s currencies, the less strict regulation in the area of Crypto, so this is a clear viewer benefit for the Exchange. CEO and founder of the stock exchange CoinFLEX in physical future products a clear advantage over the competition, because these are linked to the actual value of Bitcoin or Ethereum (freely translated):
With a physically delivered future products it ties the price of the future to the actual, underlying asset value, as at the time of expiry everyone knows what he gets. Everyone who is small, it provides Bitcoin and receive cash. Anyone who has long been supplying money and receives Bitcoin. This kind of attachment to the real world allows, therefore, to use this type of Futures for far more than just speculation. They are great speculative instruments, but they are useful for the commercial hedging, the hedging of risks, and OTC-trading or the creation of markets.
Lamb thinks that Exchanges operate will dominate the Asian market to the crypto market, because they don’t have to deal with stringent regulatory authorities, such as in the United States. Investors in the stock market CoinFLEX, among other things, Roger Ver, Trading Technologies, Mike Komaransky, Dragonfly Capital Partners, Global Advisors, B2C2, Amber AI, Grapefruit Trading and Alameda Research.