CoinFLEX — Coin Futures and Lending Exchange, an Hong Kong-based crypto exchange — announced recently that it will offer physically-delivered crypto futures contracts from February on. The crypto exchange was launched almost a year ago, in February 2018, as a unit of Coinfloor, a British crypto exchange.
The exchange will start offering contracts for Bitcoin (Bitcoin), Ethereum and Bitcoin Cash with a possible leverage of up to 20 times — and, as mentioned, all futures traded on the exchange will be physically-delivered: when a contract expires, owners will be given the underlying cryptocurrency instead of a cash payment.
“Crypto derivatives could become an order of magnitude larger than spot markets and the main thing that’s holding back that growth is the lack of physical delivery,” said Mark Lamb, co-founder of Coinfloor and CEO of CoinFLEX.
The exchange is currently co-owned by its parent company Coinfloor and distinguished industry investors.
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