An offshore exchange is trialing futures contracts for yet-to-launch tokens, pitching 'IFOs' as the next trend
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Quick Take
- Crypto exchange CoinFLEX has rolled out physically delivered futures contracts for Polkadot, a yet-to-launch blockchain interoperability project
- CoinFLEX, backed by the likes of Polychain and DCG and registered in Seychelles, also offers physically delivered futures for bitcoin (BTC), bitcoin cash (BCH) and ether (ETH)
Count this as one of the most meta derivative products to enter the crypto market this year: a future on a token that hasn’t launched. CoinFLEX, a Seychelles-based cryptocurrency derivatives exchange, announced the launch of the new product Tuesday as part of a broader offering dubbed “initial future openings” (IFO), a play on the myriad […]
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