Futures News 

CoinFlex to Offer ‘Prediction Futures’ on Whether Libra Launches in 2020

“As Cointelegraph reported on Aug. 26, Hong Kong-based cryptocurrency futures exchange CoinFlex has received $10 million through a funding round” writes Marie Huillet for cointelegraph.com. A crypto derivatives exchange is launching physically-delivered futures contracts that will be settled based on whether Facebook’s Libra does or does not launch in 2020.CoinFlex’s IFO will set the price of a futures contract at 30 cents — reflecting a roughly 30% likelihood that Libra will launch by December 2020.According to Bloomberg’s report on Oct. 7, the new offering is slated for launch by the Seychelles-registered CoinFlex exchange via an “Initial Futures Opening” (IFO) on Oct. 24.
 
Source: cointelegraph.com



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