New Bitcoin future, but this time in London

After the success of Bitcoin futures launched by two US-based exchanges, a cryptocurrency exchange operator in the United Kingdom, called Coinfloor, is now planning to enter the market with Bitcoin future instruments, but unlike its US counterparts, it will offer the first physically delivered cryptocurrency contracts.

The London-based exchange announced the prospect on the 13th of March, with the release of an official notification. Coinfloor will launch a new cryptocurrency exchange – CoinfloorEX – which will be a dedicated exchange for cryptocurrency futures. With this new investment instrument, the company is targeting hedge funds, proprietary trading firms and sophisticated retail investors, as well as cryptocurrency miners.

Coinfloor’s CEO Obi Nwosu commented: “Our mission is to build a bridge between Fiat currency and cryptocurrency to drive the stability and sustainability of cryptocurrency. Numerous market participants are calling on existing cryptocurrency exchanges that provide futures contracts to switch from cash to physical settlement."

Addressing the growing concern of cryptocurrency theft from exchanges, Coinfloor will offer a 100% multi-signature cold storage cryptocurrency custody facility.

Source: Finance Magnates

Trader Bozhidar Arabadzhiev

Original post: Coinfloor to Launch Physically Settled Bitcoin Futures in the UK

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