After the success of BTC futures, with the recent launch of two US-based exchanges, a British one jumps into the game and opens trading as the 5th business offering these options. Coinfloor will include the first ’physically delivered’ BTC futures contracts. The service is starting in April, 2018 reported Reuters.

Coinfloor’s co-founder Mark Lamb stated that the new service, called CoinfloorEX, is targeting not only people already involved in the crypto space, but hedge funds, proprietary trading firms and retail investors as well. According to Lamb, these partners want physically delivered futures contracts that allows them to hedge their exposure across exchanges. The Bitcoin futures offered on CoinfloorEX have no cash price settlement risk since Coinfloor will deliver the actually traded asset (in this case Bitcoin) after the expiry of the contract, therefore there is nothing to manipulate at settlement.

Lames stated that this is a game changer in the field:

“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.”

Coinfloor is going to be the second BTC futures exchange in the UK after CryptoFacilities, which is a partner of the CME Group.