CoinFlex, the new crypto futures exchange acquires funding of $10 million for physical Bitcoin futures settlements. This amount came through its funding round that ended last week. With this funding, CoinFlex now aims to expand its business starting from Asian retail investors.

Many prominent investors took part in this funding round. It includes the Polychain Capital, NGC Ventures, Divergence Digital Currency and also Roger Ver, the CEO of Bitcoin.com. However, Polychain Capital and Digital Currency Group are already present in CoinFlex’s investment consortium.

Currently, CoinFlex considers itself as the first exchange to come with physical Bitcoin futures contracts. These physical contract delivery will secure the spot or futures prices from manipulation, says CoinFlex CEO Mark Lamb. Although, Mark states that some traders have tried to make changes in the spot prices. Their intentions are to change the fact that the trading volume of the crypto futures market is more than that of the spot trading market.

However, the global head of trading at Kenetic Capital, Benjamin Roth shows disagreement with this statement. There was no such evidence found for price manipulation in the spot prices, says Roth. Trading on volatility is the nature of traders, they do not fear it, he adds as per the source.