Dear CoinFLEX Community, During the recent market volatility, a long-time customer of CoinFLEX’s account went into negative equity, meaning the Individual’s account currently holds a negative balance. In response, CoinFLEX made the decision to halt user withdrawals starting from June 23rd,  2022. As an exchange, we never want to put…

Dear CoinFLEX Community, Due to extreme market conditions last week & continued uncertainty involving a counterparty, today we are announcing that we are pausing all withdrawals. We fully expect to resume withdrawals in a better position as soon as possible. We will fully communicate with you as we find out…

Crypto market performance The performance of crypto this month has been weak, as BTC pulled back by -28% in the last 30 days of trading, reaching as low as $25.4k USD, at the time of writing. ETH also experienced strong losses up to -36%, and currently trading at $1900 USD…

Step 1: Log in to your CoinFLEX Account and go to the deposit page.     Step 2: Select the coin you wish to deposit and copy the SLP network address under the QR code. Make sure you have selected the correct address.     Step 3: Head to the…

Dear FLEXers, As the majority of our token activity is moving from SLP (Simple Ledger Protocol) to SmartBCH and other networks, allowing for more efficient and full interest distribution (e.g. no 10 flexUSD minimum address balance requirement), CoinFLEX will be deprecating support for SLP completely. All holders of CoinFLEX-issued SLP…

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…

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…

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?   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…