Leslie Tam, former caput of trading at major cryptocurrency substitution Binance, has joined cryptocurrency derivatives commutation CoinFlex as its new chief strategy officer.

On Dec. 16, the Block reported that former Binance executive Leslie Tam is looking to expand his professional person horizons at cryptocurrency exchange CoinFlex, where he will explore new possibilities for the company to expand its services. Tam told Cointelegraph:

"Here at CoinFLEX nosotros will strive to create a fun experience for traders also as innovative offerings for different users of our services. Subclass order competitions are a first footstep and represent a unique way to trade in a less volatile market."

Leslie Tam previously oversaw the over-the-counter (OTC) trading operations for Binance, one of the world's largest cryptocurrency exchanges, where he held an executive position as lead of the VIP coverage and head of trading.

Cointelegraph contacted CoinFlex regarding Tam'due south new position but had even so to receive a response as of printing time. This article will be updated if new comments come in.

CoinFlex offers 'prediction futures' on whether Libra launches in 2022

In Oct, Tam's new employer launched physically delivered futures contracts that will be settled based on whether Facebook's Libra launches in 2022. CoinFlex'southward "initial futures opening" (IFO) reportedly sets the toll of a futures contract at thirty cents, reflecting a roughly 30% likelihood that Libra will launch past Dec 2022. The exchange'south CEO Marking Lamb said at the time:

"Facebook has the ability to rival the entire global cyberbanking system from day one, but, considering of that fact, when that first mean solar day will exist is far from certain. The political backlash has been vicious, and it's anyone'south guess if Facebook volition get this over the line."

In August, the company received $10 million for Bitcoin (BTC) futures settlements through a funding round from Bitcoin Cash (BCH) advocate and Bitcoin.com CEO Roger Ver, as well as Polychain Capital, NGC Ventures and Divergence Digital Currency.