Why did CoinFLEX issue a new token?

Cryptocurrency exchange CoinFlex on Tuesday issued a new token to raise funds in a bid to restart withdrawals for its customers, after one client failed to repay a massive debt. CoinFlex said it would issue $47 million worth of a digital coin, offering 20% interest, which it’s calling Recovery Value USD, or rvUSD.

What is CoinFLEX (Coinfloor)?

Coinflex (short for Coin Futures and Lending Exchange) was established in 2019 as a spin-off of Coinfloor, a UK exchange that made history as the first publicly auditable crypto exchange and one of the leading crypto trading platforms globally. It was co-founded by Mark Lamb and Sudhu Arumugam, prominent crypto personalities in the UK.

Is CoinFLEX a good exchange?

Today, we will talk about Coinflex, an exchange with a few peculiarities. It has its good and bad sides, and they will be adequately covered in this CoinFlex review. After this discussion, you can decide if this is an exchange you can be comfortable using or not. Let us start! WHAT IS COINFLEX?

Is CoinFLEX taking its battles to arbitration?

CoinFlex is taking its battles to arbitration. (artisteer/iStock) Crypto trading platform CoinFLEX has begun arbitration for the recovery of over $84 million in debt owed by a “large individual customer” as part of a broader revival strategy.