CoinFLEX’s FLEX tokens increased by over 7% to $2.73 Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu’s new Open Exchange (OPNX) went live first.
OPNX is a specialized exchange that allows users to trade bonds of bankrupt crypto companies. The exchange is FLEX token as a native assetholders can save up to 50% on transaction fees.
Exchange visit website demonstrated the availability of spot and futures trading options in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), USDC and Dogecoin (DOGE).
However, the bankruptcy bond transaction will be available on an unannounced date.
The exchange, described as “the first public marketplace for cryptocurrency claims,” has drawn significant criticism due to its ties to the struggling CoinFLEX exchange with the co-founders of 3AC.
and video OPNX CEO Leslie Lambs shared on Twitter that he is building an exchange to help the industry. She added that there are over 20 million claimants affected by the bankruptcies of several crypto companies such as FTX.
according to it terms of service, OPNX is not available to users in the United States and other selected regions. The exchange is also not available to former government officials or “politically significant persons” as defined in the FATF’s 40 Recommendations.
FLEX Rally
Assets have grown over 5000% this year since OPNX adopted FLEX as a utility token. of crypto slate data.
The digital asset traded at around 5 cents in January, but has risen above $2 since OPNX adoption.
This has allowed it to outperform other notable digital assets such as Bitcoin and Ethereum in the same period.
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