Home / Crypto News / UK cryptocurrency Exchange Coin Flex plans futures trading of actual spots such as BTC, ETH, BCH

UK cryptocurrency Exchange Coin Flex plans futures trading of actual spots such as BTC, ETH, BCH

UK Virtual Currency Exchange Coin Flex plans futures trading of actual spots such as BTC, ETH, BCH  - shutterstock 795136543 696x392

Three points of this article!

  • The UK cryptocurrency exchange CoinFLEX (Coinflex) plans futures trading for the actual delivery of BTC, ETH, BCH, USDT in Hong Kong
  • In Hong Kong futures trading, BitMEX, a major exchange, has acquired presence, and Bakkt (backt) planning BTC futures delivered in kind also attracts attention
  • Coinflex plans to launch this February

Article Source: Bloomberg, The Block

It became clear that the British cryptocurrency exchange CoinFLEX (coin flex) plans futures trading with spot delivery .

According to Bloomberg , Coinflex is planning to futures trading (maximum leverage 20 times) of the actual delivery of Bitcoin (BTC) , Ethicalam (ETH) , Bitcoin Cash (BCH) in Hong Kong .

In addition, according to The Block, Coinflex plans to have a tether (USDT) spot delivery futures transaction as ” liquidity high popularity ” in addition to the above.

According to Mark Lamb of Coinflex, CEO BitMEX already has a presence in futures trading with a maximum leverage of 100 times in Hong Kong, said coinflex as being able to differentiate in terms of physical delivery is.

In terms of futures trading for spot delivery, Bakkt (Backt), launched by InterContinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is planning a Bitcoin futures transaction with actual delivery It is drawing attention.

Bakkt raises capital of 180 million dollars | CRYPTO TIMES

Coinflex starts out as a spin-out of a division of the UK cryptocurrency exchange coinfloor (coin floor) and plans to launch this February .

Rum CEO told Bloomberg’s interview that, “The best way to engage the market to become a large and global exchange with emphasis on traders is overseas relocation of business, ” as follows I am talking.

“Since the cryptocurrency market is worldwide and deploying business in restricted countries will not be able to provide services to some users, we will work to maximize user accessibility and trust I decided to relocate overseas.

UK Virtual Currency Exchange Coin Flex plans futures trading of actual spots such as BTC, ETH, BCH  - Dutredrosta

Daichi

Competition seems to intensify as Bakkt and coinflex, the two biggest major traders in the spot delivery

Author: Daichi – Source Post: https://crypto-times.jp/coinflex_cryptofutures_btc_eth_bch/

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