CoinFLEX: Bitcoin Futures for the Professional Trader

I want to introduce a lesser-known Bitcoin futures trading platform that brings a different trading experience to the table. You have all heard of ICE’s BAKKT for trading physically delivered futures, but there’s another, more crypto-friendly platform that provides leveraged physically delivered futures without all of the limiting user restrictions: CoinFLEX.

I’ve had the pleasure of connecting personally with the CoinFLEX team over the past few months and have been continually impressed with their focus on providing the best tools, fee structure, and trading performance for the professional trader. Don’t get me wrong, their product is not true-retail friendly, yet, but for those who trade for a living they offer the most robust futures trading experience on the market today.

Highlights:

Professional trading interface by Trading Technologies
Trading Technologies is revered as the go-to platform for futures trading since the 1990s. Anyone with a longstanding career in trading will appreciate the additional functions and order types offered, including TT ladder and TT bracket orders. There is a steep learning curve for using Trading Technologies, but with all advanced tools, once you master it you’ll perform at a higher level than you would on a typical retail platform.

Professional Grade Liquidity
The CoinFLEX team not only has deep connections in both the OG Bitcoin trading world, but also the traditional finance world. Their network has given CoinFLEX access to the top market making firms in the world — providers that wouldn’t dare trade on your current favorite crypto derivatives platform. This allows them to provide ample liquidity without their own in-house trading desk. Unlike other platforms, CoinFLEX will NEVER trade against you.

Physically Delivered Futures
Trade basis without worrying about pre-settlement risk. This allows you to make risk-free money by taking advantage of spread between futures and spot price.

Leadership

Mark Lamb

This guy is as OG Bitcoin as it gets. While smoke was pouring out of Mt. Gox, Mark launched the first Bitcoin trading platform in the UK, CoinFloor. He believed in Bitcoin before most of us had ever heard of it. I have respect for his deep-seated cypherpunk values and respect for the financial sovereignty that Bitcoin provides.

Sudhu Arumugam

With a traditional finance career spanning decades, Sudhu has seen it all. He knows market dynamics, trading infrastructure, and has the network and know-how to bring together all of the necessary pieces to create a liquid and reliable futures trading experience.

Leslie Tam

Alongside being a Harvard graduate with a successful career in finance, Leslie brings an additional flavor to the CoinFLEX team. Leslie knows the world of traditional finance intimately, but he’s also a crypto native, trawling Crypto Twitter every day with the rest of us. Leslie learned from the best and recently left his executive position as head of trading at Binance to guide strategy at CoinFLEX.

Fees

Fees on CoinFLEX can get as low as 0% maker and 0.02% taker, the lowest offered anywhere and perfect for scalpers and high volume traders. Staking FLEX Coin, their exchange token generated through trade-mining, is how you unlock these extremely competitive rates. Other benefits of staking FLEX include immediate payouts in USDT per 1,000 FLEX, higher affiliate payouts, and other platform perks.

Lastly, for those who aren’t professional traders, there is one awesome thing that CoinFLEX is doing…

Trading Competitions

CoinFLEX offers gamified trading competitions with a unique twist. Instead of just PnL, there are hybrid, high volume, low risk scalping competitions. “BracketWars” are daily, extremely engaging competitions organized by CoinFLEX or even users on the platform. Users can set the rules and bring in their own participants. The two organized by CoinFLEX every day each have a $2,000 USDT prize pool. They’re low risk, easy to enter, fun, and good chance of winning prizes.

Disclosure: I have a direct business and personal connection with CoinFLEX. For those who don’t know, I lead the blockchain arm of a startup studio accelerator focused on emerging industries. We partner with early-stage companies to help them across a host of efforts. Our team re-built CoinFLEX’s website and brand identity and I personally talk regularly with the team on how to improve their exchange for the retail audience. Right now, CoinFLEX is focused on the professional trader, but in time, the offering will expand for the average crypto trader as well.

Outside of work, I’ve become personal friends with many people on the CoinFLEX team since spending time with them in Hong Kong. They’re hardworking people dedicated to making a novel platform, so try it out, let me know what you think, and I’ll work with them to make it that much better.