Coinfloor, a group of crypto-currency exchanges from London, plans to launch a futures exchange for digital assets, which will include Bitcoin futures contracts.
The new CoinfloorEX Exchange will allow miners, hedge funds, traders and investors to open Bitcoin’s financial potential, through specially developed crypto-exchange contracts and operational controls, supported by risk management and management.
The first futures contracts from CoinfloorEX
Offering the first Futures Contracts on crypto-currencies, CoinfloorEX was developed to protect investors and traders from lowering prices for positions during settlement, as well as problems with manipulation in the market.
The calculation is based on physical delivery, and not on the price of the index compared to other exchanges, which provides greater transparency of prices.
Exchange is provided by 100% storage, protecting client portfolios from theft, loss or other security concerns associated with online storage.
Coinfloor also provides monthly audits of the solvency of Bitcoin balances. The first physically delivered contract will be launched in April and will be delivered to Bitcoin.
“Our mission is to create a bridge between the currency and the crypto currency to ensure stability and stability of the crypto currency ,” said Obi Nwosu, CEO of Coinfloor.
“Liquidity providers want a physically supplied futures contract to insure their risks on different exchanges ,” said co-founder Coinfloor Mark Lamb during the annual conference of the Futures Producers’ Association in Boca Raton, Florida.
Several traditional futures exchanges, such as CME Group Inc. and Cboe Global Markets Inc., offer futures for Bitcoin. They are designed for cash, in which the crypto currency itself does not change the owner.
Large investors and trading companies noted that the process can be easily manipulated. Unfair players can Set Futures Prices to their advantage by moving the price of indices or auctions on spot exchanges that set futures prices.
Coinfloor’s investors include a DRW-based trading company based in Chicago, which was launched in 2013 and operates on the largest in the spot exchange in London and Gibraltar.
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