What is CoinFLEX?

CoinFLEX is launching options on LINK, VET, ADA, XTZ, BTC and ETH. Powered entirely by FLEX Coin. Traders collateral and PNL is in FLEX.

Is CoinFLEX a 'crypto winter'?

CoinFlex is the latest victim of a massive drop in cryptocurrency prices in the last few weeks which has wiped billions of dollars off of the digital coin market. The new so-called “crypto winter” has exposed the weaknesses in a number of companies’ business models that rely heavily on lending and highly-leveraged trading strategies.

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.

How much money does CoinFLEX make a day?

Presently, CoinFLEX records a daily average volume of $43 million which is an incredible number putting into consideration how new the exchange platform is. It’s worth mentioning that the majority of the volume recorded on the CoinFLEX exchange platform is credited to its XBT/ USDT futures contract.