Share this article
Crypto Derivatives Exchange Spins Off From Coinfloor, Plans Stablecoin Futures
CoinfloorEX, a bitcoin futures market, has been spun off from its parent company and will relaunch next month with a stablecoin futures product.
Updated Sep 13, 2021, 8:44 a.m. Published Jan 8, 2019, 4:00 a.m.
CoinfloorEX, a bitcoin futures market, has been spun off from its parent company Coinfloor Group and will relaunch next month, offering a novel derivative product: stablecoin-to-stablecoin futures.
The new entity, renamed as CoinFLEX (Coin Futures and Lending Exchange), will focus on Asian retail customers and offer 20x leverage. The new futures contract will allow traders to exchange tether for another cryptocurrency designed to hold its value with the U.S. dollar, USD Coin (USDC), in order to ease cryptocurrency trading across the markets, the company said. It did not respond to a request for clarification about its stablecoin futures market by press time.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
CoinFLEX will be owned by a consortium of investors, including Trading Technologies, Roger Ver, Mike Komaransky, Dragonfly Capital Partners, Global Advisors, B2C2, Amber AI, Grapefruit Trading and Alameda Research.
The new platform will take advantage of Trading Technologies' trading software. "This is the first time Trading Technologies has been an investor in an exchange," Michael Unetich, the vice president of cryptocurrencies at Trading Technologies, said a press release. He said his company will also connect CoinFLEX with its customer base.
'Ready to serve'
Coinfloor Group, which will retain an equity stake in CoinFLEX, reported transferring some ranking team members to the new exchange, including Coinfloor's co-founder Mark Lamb, who relocated from London to Hong Kong to serve as a CEO of CoinFLEX.
"The market needs physical delivery in order for derivatives to become an order of magnitude larger than they are today," Lamb said in the press release, referring to how its futures contracts are settled with actual bitcoin. By contrast, the bitcoin futures contracts at the major Chicago exchanges, Cboe and CME Group, are settled in cash, and no actual bitcoin changes hands.
"We are ready to serve crypto’s needs and massively grow the market," Lamb added.
Coinfloor, a spot exchange, is currently the No. 127 crypto exchange by 24-hour trading volume, according to CoinMarketCap.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
