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Inside the Polychain-backed, offshore futures exchange hoping to beat Bakkt

Quick Take

  • CoinFLEX is aiming to be the first physically delivered crypto futures exchange, with a launch date circled for the coming weeks
  • The Seychelles-incorporated company will bypass official regulation to allow it to cater to an international market but will be tough on wash trading, it says
  • The exchange is backed by the likes of Polychain and DCG, and hopes to lure customers with high leverage and monthly contracts
As Cboe left the bitcoin futures market last week, another has been lining up to take its place. CoinFLEX, a still-dormant exchange with a low profile but big backers, is not intimidated by the players who remain in the futures game. It’s planning to be the first to offer physically delivered bitcoin futures, set to […]

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