Coinfloor launches first physically delivered cryptocurrency futures contract with CoinfloorEX

Coinfloor launches first physically delivered cryptocurrency futures contract with CoinfloorEX
30.05.2018 11:03 am

Coinfloor launches first physically delivered cryptocurrency futures contract with CoinfloorEX

Cryptocurrencies

Coinfloor, the group of cryptocurrency exchanges for institutional and sophisticated investors and traders, announces the launch of CoinfloorEX – a Cryptocurrency  Futures Exchange. It will allow hedge funds, traders, sophisticated investors and miners to unlock the financial potential of Bitcoin at scale, through specifically designed cryptocurrency contracts and operational controls, underpinned by institutional grade risk management and governance.

CoinfloorEX will offer for the first time ever physically delivered cryptocurrency futures contracts, created to protect investors and traders against price slippage on positions at time of settlement, as well as concerns of market manipulation. Settlement is based on physical delivery rather than an index price from across other exchanges, which provides maximum pricing transparency.  Access to Coinfloor’s spot exchange enables investors to easily convert Bitcoin to Fiat currency post-physical delivery, creating opportunities for longer-term currency appreciation or through meeting Bitcoin-denominated obligations.

Security of the exchange is underscored by 100% multi-signature cold storage cryptocurrency custody facility, safeguarding client portfolios from theft, loss or other security issues associated with partially online or online only storage of assets. Coinfloor also provides monthly solvency audits of Bitcoin balances, which gives institutional investors assurance that CoinfloorEX has sufficient Bitcoin liquidity to manage market fluctuation.

The first physically delivered contract will be launching in April 2018 and will be for physical delivery of Bitcoin (XBT).

Obi Nwosu, CEO of Coinfloor comments: “Our mission is to build a bridge between Fiat currency and cryptocurrency to drive the stability and sustainability of cryptocurrency. Numerous market participants are calling on existing cryptocurrency exchanges that provide futures contracts to switch from cash to physical settlement. However, making that transition will be very difficult for them to achieve. We understood this requirement from the start, and have worked for over two years to bring this functionality to market. Now, institutional investors and traders can capitalise on market dynamics, within their own risk parameters and in line with their individual trading strategies”.

Related News

Mint Exchange is Live Now for Institutional Trading of Cryptocurrencies

Today, Mint Exchange (www.mintexchange.io), launched publicly as the world’s first cryptocurrency clearinghouse,... Read more »

Coinchase Launches Its Revolutionary Break and Return Insurance© With Money-Back Guarantee

Cryptocurrency's sharp bull-bear reversals over the last nine years have made for a dizzying investor experience. The unruly digital money has leaped from zero to $200 billion ... Read more »

CryptoCompare Publishes Latest Monthly Exchange Review

CryptoCompare, the global cryptocurrency market data provider, today published its monthly Exchange Review for October 2018, designed to offer institutional and retail... Read more »

Gold-i Launches Crypto Switch™2.0

Gold-i has launched Crypto Switch™ 2.0, providing brokers worldwide with a fully cleared cryptocurrency product and a cost-effective, efficient means of accessing multiple... Read more »

deVere launches actively managed cryptocurrency solution as Bitcoin turns 10

A pioneering actively managed cryptocurrency solution has today been launched by one of the world’s largest independent financial advisory organizations.

deVere Group... Read more »

MISTERTANGO LAUNCHES PARTNERS OFFERS PLATFORM

 Mistertango, the first crypto-friendly payment company, today announced the launch of its partners “Offers” platform... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App