Exchange CoinfloorEX will launch futures for bitcoins with physical calculations

bitboys (13)in #cryptocurrency • 8 years ago

London exchange crypto currency Coinfloor, founded in 2013, announced the preparation for the launch of futures contracts for bitcoin.The launch of the first contract should take place next month.This is written by Reuters.

It is noteworthy that, unlike the products of competitors, the contracts of CoinfloorEX will be provided on terms of physical calculations, that is, all payments will be made in bitcoins. Futures CME and Cboe provide for calculations in Fiat.

Co-founder of CoinfloorEX Mark Lamb explained that the decision to create the product was made in response to the numerous requests of the clients of the trading platform.

"When you communicate with liquidity providers, they all say the same thing: they need futures contracts with physical calculations so that they can hedge possible risks at different sites," he says.

Many trading companies and large investors fear that futures that are being traded in Fiat can be an easy target for manipulation, since intruders can affect the price of the underlying asset in order to achieve the desired result, Lamb explained.

Thus, CoinfloorEX will be at least the fifth exchange that launched bitcoin futures, joining Bitmex, CryptoFacilities, CME Group and CBOE.

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