UK-based Coinfloor launching first ‘physically delivered’ Bitcoin futures

Coinfloor, a UK-based cryptocurrency exchange, is planning the launch of the world’s first “physically delivered” Bitcoin futures contracts next month.

The dedicated futures exchange will be called CoinfloorEX, will bypass many security concerns of some cash-settled contracts, which can be manipulted, by delivering Bitcoin to investors instead of fiat.

Mark Lamb, co-founder of Coinfloor, told Reuters: ““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.”

The first physically delivered contract launches in April.