Tagged: coinflex

CoinFlex Insolvency: Plans Limited Withdrawals, in Close Discussions with Possible Investors as Smart BCH Foundation Issues Statement

  On Saturday, Coinflex, another crypto trading and yield platform, posted another update on their bleak situation. In June, Coinflex announced that it was temporarily halting all withdrawals as well as trading due to crypto market volatility. Initially, expectations were for t reading to resume… Read More

CoinFLEX Changes Mind on Withdrawals, Points Finger at Roger Ver Owing them Money

Earlier this week, the “home of crypto yield” CoinFLEX announced that it expects to resume withdrawals as well as trading due following a pause due to crypto market volatility. In a blog post, CoinFlex shared that an unnamed investor’s account had fallen into negative equity…. Read More

CoinFLEX to Resume Withdrawals After Pause Due to Market Volatility

Last week, CoinFLEX announced it was halting all withdrawals as well as trading due to crypto market volatility. At the time CoinFLEX stated that it did not hold counterparty risk with 3 Arrows Capital (3AC) or any lending firm. 3AC, a crypto hedge fund, has… Read More

CoinFLEX Launches US Facing Crypto Exchange

CoinFLEX, a crypto futures exchange and yield platform, has announced the launch of a US-facing marketplace CoinFLEX.US. CoinFLEX is ostensibly based in Seychelles. Based in Miami – a burgeoning Fintech hub, the US subsidiary will offer zero-fee trading and interest-earning stablecoin flexUSD. CoinFLEX is backed… Read More

Crypto Futures Exchange CoinFLEX Unveils Centrally Cleared & Traded Repo Market

CoinFLEX, a physically delivered crypto futures exchange, announced on Monday the launch of its centrally traded repo market powered by deliverable perpetual futures. CoinFLEX claims it is the first exchange to develop and offer deliverable perpetual futures. According to CoinFLEX, the CoinFLEX Repo Market aims… Read More

CoinFLEX Secures $10 Million in Funding; Receives Contributions From Polychain Capital & NGC Ventures

CoinFLEX, a physically delivered crypto futures exchange, recently announced it secured over $10 million in funding this year. Polychain Capital, a premier investor in cryptocurrency protocols and companies and NGC Ventures II, the multi-strategy crypto fund of one of the world’s leading blockchain investment firms,… Read More

Banking Woes Persist for Crypto, But What Real Value Does Crypto Provide?

Bloomberg has reported that banking for cryptocurrency investment firms and trading platforms continues to be challenging, but absent from the article is a clear articulation of what innovation and value crypto really brings. The article also does little to interrogate the notion of “crypto assets.”… Read More

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