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Another сrypto exchange will launch bitcoin futures contract

A British exchange of cryptocurrencies is planning to enter the bitcoin futures market.

14.Mar.18 2:29 PM
By Daria Zaytseva


Another сrypto exchange will launch bitcoin futures contract

CoinfloorEX, the exchange based in London, announced on Wednesday that next month it would launch bitcoin futures contracts, joining a number of other companies to offer such a product to its customers.

It is noteworthy that unlike some of its competitors, Coinfloor will offer futures contracts with physical coverage, which means that when the contract is set to expire, the actual asset that is traded will be delivered. The bitcoin futures contracts offered by CME and Cboe are designed for cash and are not delivered to the owners of the contract.

The product came in response in part due to demand from some of the exchange’s customers, Coinfloor co-founder Mark Lamb said.

Coming back, Coinfloor is at least the fifth company offering bitcoin futures contracts, joining Bitmex, CryptoFacilities, CME Group and CBOE. The CME and Cboe based in the U.S. offer contracts with cash, as well as British CryptoFacilities.

The concept of bitcoin futures is still controversial, as the U.S. Commodity Futures Trading Commission announced that it would work on an "enhanced review process" for any future futures contracts after receiving pushback on existing products.

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