Coinfloor, a group of cryptocurrency exchanges for institutional and sophisticated investors and traders, has launched CoinfloorEX – a cryptocurrency futures exchange.
It will allow hedge funds, traders, sophisticated investors and miners to unlock the financial potential of Bitcoin at scale, through specifically designed cryptocurrency contracts and operational controls, underpinned by institutional grade risk management and governance.
CoinfloorEX will offer for the first time ever physically delivered cryptocurrency futures contracts, created to protect investors and traders against price slippage on positions at time of settlement, as well as concerns of market manipulation. Settlement is based on physical delivery rather than an index price from across other exchanges, which provides maximum pricing transparency. Access to Coinfloor’s spot exchange enables investors to easily convert Bitcoin to Fiat currency post-physical delivery, creating opportunities for longer-term currency appreciation or through meeting Bitcoin-denominated obligations.
Security of the exchange is underscored by 100 per cent multi-signature cold storage cryptocurrency custody facility, safeguarding client portfolios from theft, loss or other security issues associated with partially online or online only storage of assets. Coinfloor also provides monthly solvency audits of Bitcoin balances, which gives institutional investors assurance that CoinfloorEX has sufficient Bitcoin liquidity to manage market fluctuation.
The first physically delivered contract will be launching in April 2018 and will be for physical delivery of Bitcoin (XBT).
