CryptoFacilities: Bitcoin Derivatives Platform

CryptoFacilities Review: New Bitcoin Derivatives Platform

Another promising, up and coming exchange has caught our attention, CryptoFacilities. CryptoFacilities Exchange is founded by a pair of ex “city” (London) bankers from Goldman and BNP Paribas. CryptoFacilities currently lets customers trade just one instrument, a forward contract on the bitcoin price. It currently offers the contract with three expiry dates. A trader can lock in the price of a bitcoin by selling or shorting a forward. Basically its a newer exchange founded by a team with an expansive background in the banking financial sector operating out of London. Bitcoin Hedging & Trading. Their forward is a well built, highly capitalized bitcoin derivative exchange. You can hedge your exposure or go long & short with up to 7x leverage.  They appear to comply with many traditional financial regulatory standards imposed by the city of London.

“The bitcoin space still lacks professional, reliable marketplaces, and this is what we provide. We apply the same standards in terms of risk management, compliance and reporting as you would see in the traditional finance space”

-Timo Schlaefer, Co-Founder and CEO at Cryptofacilities

CryptoFacilities is one of the more heavily regulated exchanges. Before you’re able to do anything at all, you’ll need to verify by uploading address and identification. This is because CryptoFacilities is a regulated by the City of London exchange, and they need to do full KYC/AML in order to comply with regulators. Once verified, you can deposit. The site is 100% bitcoin.

This exchange gives users the ability to short, hedge positions, and margin Bitcoins.

This exchange gives users the ability to short, hedge positions, and margin Bitcoins.

Bitcoin Derivatives Exchanges

CryptoFacilities currently lets customers trade just one instrument, a forward contract on the bitcoin price. It currently offers the contract with three expiry dates. A trader can lock in the price of a bitcoin by selling or shorting a forward. CryptoFacilities primary concern is hedging Bitcoin investments via derivatives trading. Its first offering will be the trusty forward contract, a trading mechanism utilized in all derivatives markets. A forward contract is trading today at a price in the future, in hope that it will move towards that price. The forward contracts, if used properly by Bitcoin investors, can provide a degree of price stability to a relatively volatile market.

crypto facilities main interface

CryptoFacilities’ sophisticated UI allows you to place market, limit, and stop orders on positions. You can buy forward contracts to hedge existing trades.

 

CryptoFacilities Exchange Features

Crypto Facilities boasts being the first and only bitcoin trading venue to insure all client accounts and settle them daily on the blockchain. They have partnerships with Elliptic, part of a big four accounting firm KPMG-accredited blockchain security firm. Crypto Facilities accounts are hosted in its physically secure, multi-signature, cold storage Elliptic Vault. This partnership allows Crypto Facilities to claim the US Dollar value of your bitcoins are insured by an A-rated, Fortune 100 underwriter.

BTCe is our current favorite exchange because of accessibility, volume and anonymity.  BTCe does not however have the full range of capabilities that Bitfinex and CryptoFacilities offer. Our BTC-E review and Bitfinex review decipher our reasons for why they remain our main trading exchanges. Each exchange has their own feature set, henceforth we use many exchanges, and this insures us against losses in case any other them close shop. CryptoFacilities provides expert traders with expert features in an accessible exchange.

cryptofacilitiesUI

 

CryptoFacilities Review: Advanced Features, Security and Promise

“The platform appeals to sophisticated investors and is backed by a high-profile team of experienced professionals from top investment banks and regulatory advisers”

The management makes the claim  of unprecedented standards in terms of transparency and client protection. CryptoFacilities is the first and only bitcoin trading venue to insure all client accounts and settle them daily on the blockchain. Their partnership with Elliptic under the KPMG umbrella boasts a secure and insured storage solution for your bitcoins. It allows users to own a segregated account that is independently verifiable on the blockchain, delivering unprecedented transparency and security.

  • Every UK business day at 17:00 UTC, your portfolio value is settled on the blockchain
  • You have a full view of your segregated bitcoin addresses and can verify that we are in possession of all your bitcoins

CRYPTCROOKS SUMMARY: Crypto Facilities is among the first exchange in the growing space of bitcoin derivatives platforms. It is a must-know for those interested in trading these instruments, and instrumental to the reputation of bitcoin trading as a whole. Go here and setup your account today to begin trading futures, margin buying, and short selling.

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