Difference between revisions of "CoinFLEX"

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| homepage =      [https://www.coinflex.com/ Coinflex Homepage]
 
| homepage =      [https://www.coinflex.com/ Coinflex Homepage]
 
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| blog  =        
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| blog  =         https://medium.com/coinflex-official
 
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Coin Futures Lending Exchange, or CoinFLEX, is a [[cryptocurrency]] trading venture owned by a consortium of individuals and companies, including [[Roger Ver]], [[Trading Technologies]], and [[Coinfloor]]. It was originally CoinfloorEX, a unit of [[Coinfloor]]. The CoinFLEX [[platform]] will launch in February 2019 for Southeast Asian markets.<ref>{{cite web|url=https://www.finanznachrichten.de/nachrichten-2019-01/45649765-coinfloorex-world-s-first-physically-delivered-crypto-futures-exchange-announces-spin-off-from-coinfloor-group-008.htm|name=CoinfloorEX, World's First Physically Delivered Crypto Futures Exchange, Announces Spin-off from Coinfloor Group|org=Finanz Nachrichten|date=January 7, 2019}}</ref>
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Coin Futures Lending Exchange, or CoinFLEX, is a [[cryptocurrency]] trading venture owned by a consortium of individuals and companies, including [[Roger Ver]], [[Trading Technologies]], and [[Coinfloor]] that initially targeted Southeast Asian traders. It was originally called CoinfloorEX, a unit of [[Coinfloor]]. <ref>{{cite web|url=https://www.finanznachrichten.de/nachrichten-2019-01/45649765-coinfloorex-world-s-first-physically-delivered-crypto-futures-exchange-announces-spin-off-from-coinfloor-group-008.htm|name=CoinfloorEX, World's First Physically Delivered Crypto Futures Exchange, Announces Spin-off from Coinfloor Group|org=Finanz Nachrichten|date=January 7, 2019}}</ref> The CoinFLEX [[platform]] launched in February 2019.<ref>{{cite web|url=https://www.financemagnates.com/cryptocurrency/news/coinflex-launches-physically-delivered-crypto-futures-exchange/|name=CoinFLEX Launches Physically Delivered Crypto Futures Exchange|org=Finance Magnates|date=July 16, 2019}}</ref>
  
 
== Products and Services ==
 
== Products and Services ==

Revision as of 14:27, 16 July 2019

Coin Futures Lending Exchange (CoinFLEX)
Coinflex logo.jpg
Founded 2019
Headquarters Hong Kong
Key People Mark Lamb, CEO
Products CoinFLEX (cryptocurrency exchange): BTC, ETH, BCH futures contracts
Twitter @CoinFLEXdotcom
LinkedIn Profile
Website Coinflex Homepage
Blog https://medium.com/coinflex-official

Coin Futures Lending Exchange, or CoinFLEX, is a cryptocurrency trading venture owned by a consortium of individuals and companies, including Roger Ver, Trading Technologies, and Coinfloor that initially targeted Southeast Asian traders. It was originally called CoinfloorEX, a unit of Coinfloor. [1] The CoinFLEX platform launched in February 2019.[2]

Products and Services

CoinFLEX plans on offering its customers the world's first physically-settled futures contracts for bitcoin, Ether, and Bitcoin Cash, which will be traded against Tether and can be leveraged up to 20 times.[3]

CEO Mark Lamb said in a Bloomberg interview that offering physically-settled crypto futures means that when one of these futures contracts expires, the owner or owners of the contract are given the underlying cryptocurrency rather than a cash payment, as is the case with bitcoin futures contracts offered by Cboe and the CME Group, for example. Traders who go short will deliver a cryptocurrency such as bitcoin and receive Tether, a cryptocurrency whose value is pegged to the U.S. dollar. Traders who go long will deliver Tether and receive another cryptocurrency.[4]

CoinFLEX also intends on offering stablecoin-to-stablecoin trading services, offering trading contracts for Tether against Circle's USD Coin.[5]

References