Coinfloor Exchange, the British cryptocurrency exchange, launched CoinfloorEX in March 2018, a new arm to provide cryptocurrency-related services. According to Bloomberg’s interview on Monday, January 7, 2018, the CEO of Coinfloor Exchange, the ‘physically delivered cryptocurrency exchange’ has been modified to allow trading in physical Bitcoin futures on Asia.
CoinFLEX, abbreviated for Coin Futures and Lending Exchange, is a new name. It is backed by a group of renowned names like Roger Ver (CEO and founder of Bitcoin.com), Mike Komaransky (“Crypto Trader”), Trading Technologies International, Inc. (Trading solution firm), Dragonfly Capital (“an investment banking firm headquartered out of Charlotte) and others such as B2C2, Global Advisors, Alameda Research, Amber AI and Grapefruit Trading
This new venture, which is based in Hong Kong, is led by Mark Lamb, Coinfloor co-founder. CoinFLEX will begin offering Bitcoin Cash, Ethereum Futures Contracts, and Bitcoin Cash to Asian retail investors starting in February.
In an interview Lamb stated that all futures of the company will be delivered physically. The underlying cryptocurrency will be delivered to the consumer as soon as the contract expires.
Competing With Bakkt
Bakkt was launched by the Intercontinental Exchange and New York Stock Exchange in August 2018. Bakkt was launched by the New York Stock Exchange (NYSE) and Intercontinental Exchange (ICE) in August 2018.
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