Future contracts are coming on in the industry slowly, and Coinflex is taking the lead on the new contracts. The exchange has initiated listing for Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH) based future contracts with a huge leverage incentive for traders.
The exchange has listed the crypto derivatives with as high as twenty times (20x) the leverage. This is a good move to get on the futures bandwagon through individual investors offering high incentive leverage. The contracts would be delivered in physical form, i.e., the trader holding the asset would be paid in the related cryptocurrency.
Coinflex is not the only exchange to have listed the contracts since Exchange Inc based out of New York is also on the bandwagon. However, the contracts would be up and running next month, media reports revealed.
Mark Lamb, the chief executive officer (CEO) expressed in an interview that the exchange is looking to get on early bird advantage in a market technology that would prove to be a game changer leaving spot markets behind.
Bitmex is also on board the futures train posing some serious competition for Coinflex. The war of leverages would be on since Bitmex is offering as high as hundred times (100x) the leverage for some of the contracts.