Digital Currency Group and Polychain Capital have become the latest high-profile investors in the physically-delivered crypto futures exchange Coinflex.
Coinflex Gaining Steam
Coinflex presents itself as the world’s first physically-delivered cryptocurrency futures exchange.
According to a press release, the platform has managed to attract two more high-profile investors in the face of Barry Silbert’s Digital Currency Group and Polychain Capital. They have joined a consortium of other investors in the project, including Dragonfly Capital Partners, Roger Ver, and Trading Technologies.
FLEXin’ and Finessin’
Per the same release, the platform also introduced its very own FLEX Coin — a token designed to promote liquidity and to reward early trading activity. According to the announcement, traders will receive a certain amount of FLEX proportional to the volume that they trade and relative to the total daily volume on the exchange.
Speaking on the matter was Mark Lamb, CEO at Coinflex, who noted:
With FLEX Coin we want…