|Coin Futures Lending Exchange (CoinFLEX)|
|Key People||Mark Lamb, CEO|
|Products||CoinFLEX (cryptocurrency exchange): BTC, ETH, BCH futures contracts|
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.
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.
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.
- CoinfloorEX, World's First Physically Delivered Crypto Futures Exchange, Announces Spin-off from Coinfloor Group. Finanz Nachrichten.
- Hong Kong-Based Physical Bitcoin Futures Aim at Retail Traders. Finance Magnates.
- CoinFLEX (Formerly CoinfloorEX) to Offer Physical Futures Contracts for Bitcoin, BCH and Ethereum. Bitcoin Exchange Guide.
- Crypto Exchange Takes on Behemoths With Physical Bitcoin Futures. Bloomberg.