CoinFLEX Update: July 14, 2022

Dear CoinFLEX Community, The following statement details the specifics outlined in our last update from July 9, which you may find here. CoinFLEX.US users may find the latest corresponding update here.  We will enable limited withdrawals for all users this week and continue to work with a laser focus on…

CoinFLEX Integration Announcement: Hummingbot.io

We’re excited to announce CoinFLEX now has an exchange connector available with Hummingbot (spot connector for now, perp connector to follow soon). Details can be found here: https://hummingbot.org/exchanges/coinflex/ We can offer Hummingbot members a 2 months trial of either VIP4-5-6 (depending on targeted volumes). VIP4: all Hummingbot community VIP5: if…

April 2022 Market Insights

Crypto market performance Since our last report, crypto has seen a slight recovery from its lows with BTC and ETH seeing 10.26% and 27.7% positive performance respectively. Although, the start of April has seen some underperformance on the back of economic data and hawkish stand from the Federal reserve, as…

March 2022 Market Insights

Crypto market performance Over the past month, we have seen volatility pick up across markets on the back of central bank policies, as well as rising political disruption from Russia’s military invasion of Ukraine. Previous gains from the end of February were short-lived as BTC found its support back around…

Why is BlackRock investing in the Metaverse?

Why is BlackRock investing in the Metaverse?   Just recently, BlackRock, the world’s largest asset manager valued at US $69.1 billion and with $10 trillion in assets under management, announced it’s Technological Operations Fund is venturing into investing in the Metaverse. They believe “investment opportunities are here and now” thanks…

February 2022 Market Insights

Crypto market performance Since last month’s market insight, BTC and ETH have recovered 5.78% and 2.15%, respectively, sitting comfortably at $43,500 and $3,100 levels. In the first week of February, we saw the majors gain an average of 15%. SHIB was the best performing large-cap coin, up 56% in 7…

January 2022 Market Insights

Crypto market performance: Volatility is back The beginning of 2022 has seen volatility return across the market with the price of BTC and ETH down -11.95% and -19.17%, respectively, in the first week of the year. Other large caps such as BNB and SOL similarly experienced double digit losses and…

CoinFLEX – 2021 in Retrospect and the Year Ahead

2021 was a transformational year for CoinFLEX. We saw: FLEX Coin price: ATL $0.2 to ATH $7.34 = +3,570% User growth: +400% Daily trading volume: $47.9M to $9B = +18,689% Open Interest: $191M to $444.6M = +132.7% flexUSD marketcap: $20M to $385M = +1825% flexUSD total interest paid: $17M+ flexUSD…

December 2021 Market Insights

Crypto market performance As we approach the end of the year, we look back on what has happened in the crypto markets over the past few weeks. In early November, crypto markets showed a slight pullback after BTC and ETH went from reaching all-time highs of $68.7k and $4.85k, respectively,…