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Cryptocurrency Derivatives Series: CoinFLEX to roll out native crypto-coin
We kept emphasizing on the emerging gamut of cryptocurrency derivatives that has been striking the chord among shrewd investors’ community in the recent past.
CoinFLEX (Coin Futures and Lending Exchange), has made announcements of the launch of its native cryptocurrency earlier this week.
CoinFLEX, which happens to be the world’s first physically delivered cryptocurrency futures exchange, has developed to provide avenues for investors to hedge cryptocurrency exposure with zero index or settlement manipulation risk with the robust technical setup with the ‘Trading Technologies (TT)’ who pioneered the electronic futures trading back in the 90s and played a pivotal role in facilitating the shift of futures trading from the pits to the screen.
While the addition of FLEX Coin is a part of the CoinFlex’s resourcefulness to compensate early adopters of the CoinFLEX platform.
The users of CoinFlex would be entitled to daily rewards of FLEX Coins contemplating on the volumes of the trade on their exchange. These tokens may come handy in order to offset the cost of trading fees incurred pertaining to the total volume traded on CoinFLEX on a daily basis.
CoinFLEX, whose goal is to provide a secure, scalable, global crypto futures exchange, will also introduce the world’s first stablecoin-to-stablecoin futures product, along with expanding opportunities for leveraged trading. The decision to develop a native cryptocurrency to pair with its exchange was made to further its increased value proposition to potential traders, and award current users for their loyalty.
According to Mark Lamb, CEO of CoinFLEX: “With FLEX Coin we want to reward early traders of the platform and build loyalty using a shared exchange coin. We have a growing number of high profile backers, a clear roadmap for delivery and are moving closer to our goal of helping crypto futures trading achieve its full potential.”
Cryptocurrency derivatives, including cryptocurrency futures, cryptocurrency CFDs, and cryptocurrency options) have been under the meticulous scanner of the renowned global regulators, such as US SEC, CFTC and UK’s Financial Conduct Authority (FCA).
Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at 29 levels (which is mildly bullish), while hourly USD spot index was at -96 (bearish) while articulating at (10:49 GMT).
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