Coinfloor Plans World’s First Physically Delivered BTC Futures Contract

In a first for the futures contract space, Coinfloor is launching the world’s first physically delivered futures in April.

Called CoinfloorEX, the new trading platform is hoped to attract hedge funds, proprietary trading firms and sophisticated retail investors. It could even be attractive to miners, officials contend.

The CEO of Coinfloor, Obi Nwosu, said several market participants have called on existing cryptocurrency exchanges that provide futures contracts to switch from cash to physical settlements.

He said Coinfloor has worked for more than two years to make this happen. Furthermore, the new trading platform will allow market players to capitalize on market dynamics based on their own risk parameters and in line with their individual trading strategies, he said.

Mark Lamb, co-founder of Coinfloor, spoke about liquidity providers benefiting from CoinfloorEX at the Futures Industry Association’s annual conference in Boca Raton, Fla…

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