CoinFLEX received a new round of financing, raising more than US$10 million. At the same time, it also announced that it would launch a marketing and advertising plan, as well as physical shipping futures contracts for BNB and LEO tokens. CoinFLEX is the world's first offshore exchange that delivers bitcoin physical delivery futures. On August 20, CoinFlex introduced that they have raised a lot more than $10 million in money this year. Including Polychain Capital, the initial venture capital finance under management of more than 1 billion US dollars, as well as NGC Ventures, Divergence Digital Currency, and Little bit Jesus Roger Ver furthermore participated. Related subjects: [Interview] The founder of the oldest exchange in the UK-pioneering the "offshore globalization" of actual shipping of bitcoin futures In fact, CoinFLEX not only provides physical shipping futures of Bitcoin, but also Bitcoin Money (BCH), Ether (ETH), and exchange token FLEX. At present, the daily investing level of CoinFLEX exceeds US$150 million. In order to be able to continue steadily to increase transaction volume and resource liquidity, CoinFLEX can be launching a series of encrypted and extendable financial loans. CoinFlex is expected to launch physical shipping futures for BNB on Binance Exchange and LEO tokens on Bitinex Swap in the next (Sept) month. In addition, it will launch physical delivery futures for Polkadot token DOT, which ended IFO only last month. This is also comparative The liquidity endorsement from the incumbent upcoming IFO project. At the same time, CoinFLEX also introduced the launch of the marketing plan, that will cooperate with 10 qualified large-scale market manufacturers1 to increase liquidity. So long as the daily transaction level of Bitcoin physical delivery reaches 500 million U.S. dollars, market makers can get a percentage of 250,000 U.S. bucks. There are currently three market makers who've quoted prices. [Note*1]: Market maker refers to a securities company legal person with a certain strength and reputation like a franchised dealer within the securities market, continuously making two-way quotations to community investors and accepting the public at this price Traders' buying and selling requirements are to use their own money or cryptocurrency to trade with investors. Marketplace makers maintain market liquidity through this constant buying and selling, and meet the investment needs of public investors. Derivatives trade chaos Because the overall market rebounded in 2019 and the marketplace gradually matured, numerous exchanges started to launch cryptocurrency derivative financial product services. For instance, the FTX swap, or the set up futures exchange BitMEX, introduced on Ab muscles that it could release bitcoin zero discount bonds. This means that Wall Street's economic commodity logic is usually gradually adapting towards the cryptocurrency market. Different from the money delivery futures released by the aforementioned exchanges, CoinFLEX thought we would provide physical delivery futures. In addition to market segmentation, Natalie Tien, the movie director of marketing at the exchange, feels that "physical delivery" futures agreements will be nearer to the market. For instance, borrowing, lending, hedging, and more importantly, reducing the chance of market adjustment. "Cash delivery must use the "price index" to determine the profit and reduction on the shipping time, and these deal data are provided by the location trading market. For instance, the BitMEX swap uses the purchase price index of Bitstamp, Poloniex, and Krake exchanges. " Tien told Bitcoin News: "In this manner, you can change the price tag on a number of of the spot exchanges to have an effect on the index cost of the futures swap, which may cause many futures agreements to liquidate." This is because the liquidity of spot exchanges is lower, and the trading volume is also less than that of derivatives exchanges, but the price indicators obtained from derivatives transactions need to be provided by the spot exchanges. In physical futures contracts, prices are only risk signals. , When calculating income and loss for the settlement date, the price index is not involved. Along with launching physical shipping futures agreements, CoinFLEX also launched the initial IFO (Preliminary Futures Offering) to greatly help unlisted cryptocurrencies generate futures markets. Purchase unissued assets at a limited price. The previous IFO project had been the indigenous token DOT from the star task Polkadot blockchain. DOT tokens were purchased at a price of All of us$75 each. The complete event will last for a month. In those days, the price of DOT tokens in OTC transactions was regarding 97 USD to 119 USD. The second IFO will start at 8:00 at night of nowadays (22), launching Difinity's indigenous token, with a total sales of 60,000 and a price of 1 1.5 USDT. BlockyICOCrypto@blogspot , co-founder of NGC Ventures, said: "Crypto derivatives are important financial instruments in this evolving ecosystem. In order to reduce the risk of price manipulation, CoinFLEX physical shipping futures make the market mature, which is also an excellent tool to entice traditional financial traders to enter this market. Our common vision would be to bridge the distance between traditional finance and the rising crypto economy. We anticipate it CoinFLEX is usually on its way to achievement. " ?
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