CoinFlex is a crypto Start-up, aimed at the Asian market. The stock market is with physical Bitcoin Futures. Now, the company received a hefty funding from different investors. The 10-million-US-Dolllar-Funding also sizes from the scene, such as Roger Ver involved.
From Polina Khubbeeva
On the 27. August 2019BTC$10,171 in,57 -1.58%part Facebook Twitter LinkedIn xing mail
The Hong Kong companies CoinFlex, which offers, among other things, Bitcoin Futures, advertises on its website, “to be the first physical cryptographic exchange”. Now the business model of the Start-ups seems to be to convince high-profile investors. Because, as a Report from the South China Morning Post of 26. August, a gathered CoinFlex in a round of financing 10 million dollars.
CoinFlex promises professional traders more security
Specifically, CoinFlex is to provide customers with more security in the purchase of Bitcoin Futures, by the purchased assets with real currency reserves are deposited. Be paid to the customer – instead of as usual in the Fiat in the corresponding crypto-currencies such as Bitcoin. According to CEO, Mark Lamb, investors protect physical contracts price manipulation. Just on the Futures market in the last months due to the large trade volume in comparison to the spot market, numerous manipulation attempts.
Bitcoin Futures
In the case of Bitcoin Futures they are futures contracts. With this User on the Bitcoin can bet on-course. In the meantime, Bitcoin Futures are the future of business in the crypto-Business in General. The estimated Potential for trade, especially on Asian markets is immense, which is why more and more companies are showing interest in Futures Trading. Finally, companies such as CoinFlex can benefit by this kind of products directly from institutional investment activities.
Apparently, the model of CoinFlex many experts in the industry believe, as the round of funding shows. Among the investors, namely major Venture Capital firms such as Polychain Capital, NGC Ventures and Divergence Digital Currency are, among others. In addition, scene size Roger Ver has been involved in the Funding.
Last market, announced giant Bakkt the launch of its Bitcoin Futures for the 23. September. With regard to the Launch of physically-backed and Futures, were Bakkt and CoinFlex the beginning of 2019, a head-to-head race. With the lush financing, the chances seem to be that CoinFlex established in fact, as the first Futures exchange with physical Back-up on the Asian market are good.
More:
The situation on Wednesday: Bitcoin says goodbye to Justin Sun Bakkt: launch of Bitcoin Futures for the 23. September announced Seed CX launches test phase for Bitcoin Margin Swaps#Bitcoin Futures#Coinflex#Funding
