Cryptocurrency exchange operator Coinfloor said on Wednesday it will launch a futures exchange for digital assets that will include the first physically delivered bitcoin futures contracts next month. The new London-based trading platform, known as CoinfloorEX, is aimed at hedge funds, proprietary trading firms and sophisticated retail investors, as well as cryptocurrency miners, Mark Lamb, co-founder of Coinfloor, said in an interview.
"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," he said on the sidelines of the Futures Industry Association's annual conference in Boca Raton, Florida.
Some traditional futures exchanges, including those run by Cboe Global Markets Inc and CME Group Inc, already offer bitcoin futures. But they are cash settled, meaning the actual cryptocurrency does not change hands.
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