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CoinFLEX CEO: Physical Futures Contracts Are Very Important for the Industry

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Futures in the cryptocurrency sector have now become perhaps the main lifeblood of the sector. In terms of these transactions, where almost everyone stares at the price of Bitcoin and follows their data with great care, the biggest platform, in general, was BitMEX.

However, the color of the work has changed slightly since the recent investigation by the CFTC on BitMEX. After this investigation, the institution suffered a serious loss of confidence, then lost many customers and reports that there were very significant money outflows from the stock market, was on the agenda.

This is where the CoinFLEX stock exchange wants to be successful in this field by managing a more effective system. Mark Lumb, CEO of the company, said that the arrival of physical futures contracts is imperative.

“We must offer a physical term Bitcoin contract to professional or individual traders. Every time we don’t do that, we’re actually hurting the industry. Because with the current order, manipulation is very easy. However, with regulations, an arrangement in this area is also essential. I hope we don’t see such events in the future.”

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