CoinFLEX’s FLEX token elevated by greater than 7% to $2.73 after Three Arrows Capital’s (3AC) cofounders — Kyle Davies and Su Zhu’s — new Open Change (OPNX) went dwell earlier.
OPNX is a specialised trade that enables customers to commerce claims of bankrupt crypto firms. The trade adopted the FLEX token as its native asset, permitting holders to stand up to 50% low cost on buying and selling charges.
A go to to the trade’s web site confirmed that spot and futures buying and selling choices had been accessible for cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), USDC, and Dogecoin (DOGE).
Nonetheless, chapter claims buying and selling is predicted to turn out to be accessible at an unannounced date.
The trade is described because the “first public market for crypto claims” and has drawn heavy criticism on account of its hyperlink with the 3AC cofounders and the struggling CoinFLEX trade.
In a video shared on Twitter, OPNX CEO Leslie Lambs mentioned they’re constructing the trade to assist the business. She added that there are greater than 20 million claimants affected by the chapter of a number of crypto corporations like FTX and others.
In line with its phrases of service, OPNX isn’t accessible for customers within the U.S. and different chosen areas. The trade isn’t additionally accessible for former authorities officers or “politically uncovered individuals” as outlined by FATF’s 40 Suggestions.
FLEX rallies
Since OPNX adopted the FLEX as its utility token, the asset has risen by greater than 5000% within the present yr, based on CryptoSlate’s knowledge.
The digital asset traded for round 5 cents in January however shot over $2 after OPNX’s adoption.
Going by this, it has outperformed different notable digital property like Bitcoin and Ethereum throughout the identical interval.
The submit FLEX jumps 7% as 3AC cofounders OPNX trade goes dwell appeared first on CryptoSlate.
