Dado Ruvic/Illustration (This version of the March 14 story corrects second paragraph to say the new trading platform is based in the British Virgin Islands, not London, where the company and its spot exchange are based) London-based cryptocurrency exchange firm Coinfloor is launching a digital trading futures exchange that will include the first physically delivered bitcoin futures contracts. The launch of the new platform comes as Bitfinex has been under fire for its decision to halt all withdrawals from accounts held by customers in China and South Korea Some traditional exchanges already offer trading in bitcoin futures, but the deals are still settled in cash and the cryptocurrency does not change hands. Coinfloor co-founder Mark Lamb said many investors were concerned that cash-settled dealing can be manipulated too easily. Coinfloor was founded in 2013, and runs a second exchange in Gibraltar.
London-based cryptocurrency exchange firm Coinfloor is launching a digital trading futures exchange that will include the first physically delivered bitcoin futures contracts. The launch of the new platform comes as Bitfinex has been under fire for its decision to halt all withdrawals from accounts held by customers in China and South Korea Some traditional exchanges already offer trading in bitcoin futures, but the deals are still settled in cash and the cryptocurrency does not change hands. Coinfloor co-founder Mark Lamb said many investors were concerned that cash-settled dealing can be manipulated too easily. Coinfloor was founded in 2013, and runs a second exchange in Gibraltar.