THELOGICALINDIAN - Digital Currency Group and Polychain Capital accept become the latest highprofile investors in the physicallydelivered crypto futures barter Coinflex
Coinflex Gaining Steam
Coinflex presents itself as the world’s aboriginal physically-delivered cryptocurrency futures exchange.
According to a press release, the belvedere has managed to allure two added high-profile investors in the face of Barry Silbert’s Digital Currency Group and Polychain Capital. They accept abutting a bunch of added investors in the project, including Dragonfly Capital Partners, Roger Ver, and Trading Technologies.
FLEXin’ and Finessin’
Per the aforementioned release, the belvedere additionally alien its actual own FLEX Coin — a badge advised to advance clamminess and to accolade aboriginal trading activity. According to the announcement, traders will accept a assertive bulk of FLEX proportional to the aggregate that they barter and about to the absolute circadian aggregate on the exchange.
Speaking on the amount was Mark Lamb, CEO at Coinflex, who noted:
Is Bakkt Lagging Behind?
Physically-delivered bitcoin futures are at the amount of addition abundant advancing agenda trading belvedere — Bakkt. The abstraction abaft physically-settled futures is that, at the time of the contract’s expiration, the banker will accept the basal asset instead of a banknote payment.
The belvedere was declared to go live in December 2018, awaiting authoritative approval. As Bitcoinist reported, however, the US Commodity Futures Trading Commission (CFTC) is accepted to accept its Bitcoin-settled futures arrangement at some point at the alpha of 2019 — which still hasn’t happened.
Among the latest updates on Bakkt is from Jan 14, back it fabricated its actual first acquisition in adjustment to aggrandize acquiescence capabilities.
What do you anticipate of Coinflex’s progress? Don’t alternate to let us apperceive in the comments below!
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