CoinfloorEX to Launch BTC Futures

CoinfloorEX will be at least the fifth site that launched bitcoin futures, joining Bitmex, CryptoFacilities, CME Group and CBOE
15 March 2018   1133

London-based crypto exchange CoinfloorEX, founded in 2013, announced bitcoin futures launch. The launch of the first contract should take place next month. This is reported by Reuters.

It is noteworthy that, unlike the products of competitors, the contracts of CoinfloorEX will be provided on terms of physical calculations, that is, all payments will be made in bitcoins. Futures of CME and CBOE provide all calculations in fiat.

Co-founder of CoinfloorEX Mark Lamb explained that the decision to create the product was made in response to the numerous requests of the clients of the trading platform.

When you talk to the liquidity providers, they all say the same thing, which is they want a physically delivered futures contract so they can hedge their exposure across exchanges.
 

Mark Lamb 

Co-founder, Coinfloor

Many trading companies and large investors fear that futures that are being traded in fiat can be an easy target for manipulation, since intruders can affect the price of the underlying asset in order to achieve the desired result, Lamb explained.

Thus, CoinfloorEX will be at least the fifth site that launched bitcoin futures, joining Bitmex, CryptoFacilities, CME Group and CBOE.

Most Crypto to Fail, Digital Currency Group CEO Says

Barry SIlbert believes Bitcoin is a king and when the mood among major investors changes, BTC is waiting for serious and aggressive growth
14 February 2019   241

Barry Silbert, head of Digital Currency Group, continues to believe in Bitcoin’s great future, but questions the long-term prospects of most existing cryptocurrencies and digital tokens, saying in an interview with CNBC that they will all be worthless in the future.

I'm not a believer in the vast majority of digital tokens and believe most will go to zero. Almost every ICO was just an attempt to raise money but there was no use for the underlying token. The vast majority of what's out there will be eliminated.
 

Barry Silbert

Head, Digital Currency Group

At the same time, Barry Silbert is convinced that Bitcoin, despite the current “terrible schedule”, enjoys great interest from institutional investors and “won the fight for the title of digital gold”.

According to him, the new generation of investors no longer sees gold as a “safe haven”, and the money that is now in gold will be converted into cryptocurrency.

I'm convinced that whatever money is in gold is not going to stay in gold. That gets handed down to millennials. I'm highly confident a lot of that will go into bitcoin.
 

Barry Silbert

Head, Digital Currency Group

Barry Silbert believes that the buy and hold strategy is fully justified, although it is still difficult to say exactly when large institutional money will go into Bitcoin. Nevertheless, he noted, at the beginning of 2019, all the necessary infrastructure was already in place, listed the upcoming launch of the Fidelity custodial solution and investment opportunities such as the Bitcoin futures platform Bakkt.

When the mood among major investors changes, Bitcoin is waiting for serious and aggressive growth, Silbert added.