Key Takeaways CoinFLEX’s CEO has revealed the large counterparty responsible for the company’s $47 million debt is Roger Ver. Ver denies the accusation and claims that it is in fact CoinFLEX that owes...
Tag: Coinflex
CoinFlex addresses ‘extreme market conditions’ using this solution
In the past few months, ‘extreme market conditions’ has grown to become the most heard phrase in the crypto-assets ecosystem. Since the beginning of June, platforms including Celsius, Babel Finance, V...
CoinFLEX To Roll Out $47 Million Recovery Token To Deal With Withdrawal Problems
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CoinFlex to resume withdrawals after raising funds via new token issuance
Crypto exchange CoinFlex will resume withdrawals after issuing a new token — dubbed Recovery Value USD (rvUSD) — which will offer 20% annual returns to users, the exchange announced in a whitepaper on...
CoinFLEX Halted Crypto Withdrawals. Now It Wants to Sell Its Bad Debt
Key Takeaways CoinFLEX plans to raise $47 million by tokenizing its bad debt and selling it to non-U.S. sophisticated investors. The new token, dubbed “Recovery Value USD” (rvUSD), would y...
CoinFLEX Plans to Issue $47M in Tokens to Resolve Withdrawals Issues
A few days after suspending withdrawals on its platform due to a high net-worth client failing to meet a margin call, crypto futures exchange CoinFLEX is now planning to launch a “Recovery Value USD” ...
CoinFlex Issues New Token by Offering 20% Annual Return as a Solution to Re-enabling Withdrawals
CoinFlex has announced plans to raise funds by issuing a new token that will offer a 20% annual return, according to a report from Bloomberg. The new token is part of an effort to resume withdrawals f...
CoinFLEX To Issue Recovery Token To Address Withdrawal Issues
Physical futures crypto exchange CoinFLEX has announced that it will be issuing a Recovery Value USD (rvUSD) token to address recent withdrawal issues. The announcement comes after the exchange had ha...
Another Crypto Exchange CoinFLEX Pauses Withdrawals
As a consequence of current market conditions and issues involving a counterparty, CoinFLEX, a futures crypto exchange, has halted all its withdrawals on the platforms. On 23 June 2022, Thursday, Mark...
CoinFLEX to Launch a $47M Recovery Token to Solve Withdrawal Issues
When asked of a potential bank run on Bloomberg TV Monday evening, CEO Mark Lamb said he’s unconcerned this scenario would occur as customers can withdraw their funds once the new token fundraise is c...
Crypto Exchange CoinFLEX Freezes Withdrawals Due to Counterparty ‘Uncertainty’
Another cryptocurrency platform has frozen user withdrawals in response to the bear market. Crypto derivatives exchange CoinFLEX today announced that it is discontinuing account withdrawals on its pla...
Crypto Derivatives Exchange CoinFLEX Suspend Withdrawals, Citing “Extreme Market Conditions”
Popular cryptocurrency derivatives exchange CoinFLEX has joined a growing list of crypto-related platforms that have suspended withdrawals. In an official announcement on Thursday, the exchange noted...
CoinFLEX Exchange Pauses Withdrawal Citing Extreme Market Conditions
Exchange News More than $500 million to $1.5 billion was traded in the last 24 hours. FLEX Coin, will be suspended in addition to the suspension of withdrawals. CoinFLEX, a cryptocurrency exchange, ha...
Crypto Futures Exchange CoinFlex Suspends Withdrawals Citing Counterparty ‘Uncertainty’
Cryptocurrency futures exchange CoinFlex has temporarily suspended all withdrawals citing “extreme market conditions and continued uncertainty involving a counterparty.” ● In a blog post on Thursday, ...
CoinFLEX Follows Celsius in Suspending Withdrawals
Key Takeaways The cryptocurrency exchange CoinFLEX has suspended customer withdrawals due to harsh market conditions. CoinFLEX is at least the third company to limit services this month after Celsius ...
CoinFLEX Crypto Exchange and the FLEX Token – crypto.news
CoinFLEX is a centralized exchange committed to providing retail and institutional investors with an easily accessible platform to earn and trade digital assets. The exchange stands as the second-larg...
CoinFLEX CEO Mark Lamb Explains How flexUSD Stacks up to Other Stablecoins – Interview Bitcoin News
CoinFLEX creates innovative solutions to bring investors and crypto markets together through intuitive yield products such as flexUSD, the world’s first interest-earning stablecoin, and AMM+, the most...