CoinFLEX to Build Trading Community with Launch of FLEX Coin

  • CoinFLEX to launch FLEX Coin as a loyalty coin for early traders on the platform

  • Digital Currency Group and Polychain join investor consortium

 

HONG KONG – 13 March 2019 – CoinFLEX, the world’s first physically delivered crypto futures exchange, has launched FLEX Coin to encourage liquidity and reward members who trade on the platform.

Every day, a set amount of FLEX Coin will be paid out to traders based on the proportion of the volume they trade as a taker, relative to the total daily volume on the platform. The coins can be exchanged for a discount on the cost of using the platform. By spending coins, a user can receive back 50% off their total trading fees from the previous 24 hours. Full details of how FLEX coin will operate will be made available in the coming weeks.

CoinFLEX is launching to fulfil market demand for a global, scalable and secure crypto futures exchange. As well as physically-delivered bitcoin futures, it will also introduce the world’s first stablecoin-to-stablecoin futures contract, and will provide investors with the ability to hedge exposures with zero index or settlement manipulation risk. By encouraging participation through FLEX Coin, the exchange seeks to create a dynamic, growing and committed trading community.

CoinFLEX has also announced the addition of investment firm Digital Currency Group and blockchain investment company Polychain as investors. They join a consortium of high-profile technology companies, market makers and crypto investors backing the firm, including Trading Technologies, Roger Ver, Mike Komaransky and Dragonfly Capital Partners, as well as a number of leading market making firms.

Mark Lamb, CEO of CoinFLEX, said, “With FLEX Coin we want to reward early traders of the platform and build loyalty using a shared exchange coin.  We have a growing number of high profile backers, a clear roadmap for delivery and are moving closer to our goal of helping crypto futures trading achieve its full potential.”

Olaf Carson-Wee, CEO of Polychain, said, “We believe that Mark and his team have identified a gap in the fragmented landscape of cryptocurrency exchanges. As a physically-settled futures exchange, CoinFLEX will be well positioned to capture significant order flow from speculators, institutional traders and Proof of Work miners seeking to hedge against crypto price and hash rate volatility.”

Travis Scher, VP, Investments at Digital Currency Group, said, “The development of a robust digital currency futures market is critical to the long-term sustainability of the asset class.  Mark and his team have built a strong model for CoinFLEX, and we believe this new exchange will successfully increase liquidity and market participation.”

About CoinFLEX
CoinFLEX is the first physically delivered cryptocurrency futures exchange, developed to solve the issues with cash settled crypto futures contracts and provide high leverage ways to hedge crypto exposure with zero index or settlement manipulation risk.  CoinFLEX is incorporated in the Seychelles and is focused on the Asian retail trader market as well as the market for commercial hedging, including mining firms, OTC trading desks and global proprietary trading firms.

For more information, please contact:

Dan Bradley for CoinFLEX
Cognito
+852 6145 7455
dan.bradley@cognitomedia.com

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

5 Essential Tricks to Master Microsoft Excel

5 Essential Tricks to Master Microsoft Excel

Microsoft Excel (MS Excel) is a must-have for any business. It is a powerful spreadsheet software application that allows users to store, organize and analyze data. While Excel is fairly easy to use, it can be tricky to become an expert. Don’t know where to start? We have compiled a list of easy-to-follow hacks that will help you become a pro at Excel!

Top Three Weirdest Mobile Game Advertisements

Top Three Weirdest Mobile Game Advertisements

Whether on YouTube or Instagram, I’m sure you all must have seen at least one mobile game advertisement. One common trope with today’s mobile game advertisements is that they tend to mislead their audience.
You might have come across these weird ads while scrolling through social media: In the ad for the strategy game “Game of Sultans”, a sultan is fat-shaming his daughter; in the match-three puzzle game “Lily’s Garden” ad, women use washing machines as vibrators.

The Maximalist Fashion Trend Where Did It Come From and Where Is It Going

The Maximalist Fashion Trend: Where Did It Come From and Where Is It Going?

If you Google “maximalist fashion”, you will be swamped with dressing guides dedicated to this “the more, the better” trend published by leading fashion magazines in 2022. Rapidly gaining popularity in the last couple of years, maximalist styles are breaking out of the runway of an Haute Couture fashion show, a red carpet event or a K-pop performance to conquer streets in high fashion neighborhoods.

How Is Technology Influencing the Food and Beverage Industry

How Is Technology Influencing the Food and Beverages Industry?

Food waste, sustainability and animal cruelty are some of the biggest challenges facing the food and beverage (F&B) industry nowadays. Like any other sector, the industry is dipping its toe into technology and innovations to seek solutions. While we are already seeing more food tech solutions in our everyday lives, like plant-based meat alternatives and food waste management startups.

3 Innovations for a Cleaner Environment You Never Heard Of

3 Innovations for a Cleaner Environment You Never Heard Of

Innovation in clean energy, sustainable infrastructure and eco-friendly solutions to environmental hazards are the need of the hour. The burden on the world’s natural recourses is immense, and it is high time we focus on renewability and diversification. While we are only scratching the tip of the iceberg, here are three innovations working to create an environment-friendly future.