Today marks an important milestone for CoinFLEX. We are extremely excited to announce our latest partnership with Bitcoin.com, one of the biggest brands in crypto, with a $30 million deal to bring crypto yield and exchange products to over 25 million wallets.
This partnership is a mutually beneficial alliance for CoinFLEX, Bitcoin.com, and users of both platforms. Under this partnership, CoinFLEX will become the primary venue to offer Bitcoin.com’s 25+ million wallets globally with a comprehensive range of innovative crypto trade and yield products for the first time. Their users will be able to access these products via both non-custodial wallets and a custodial exchange.
What can you expect from this partnership?
Bitcoin.com Exchange is now live and powered by CoinFLEX.
- Users can trade futures, spot and perpetuals
- Users can use our AMM+ and flexUSD products.
- All trading will be powered by FLEX Coin the same way it is on CoinFLEX.com.
Second stage (live in the next few months):
- Integration of our yield products flexUSD and AMM+ directly into the Bitcoin.com Wallet which has 25 million users.
Benefits to both CoinFLEX and FLEX HODLers
Bitcoin.com shares our vision for greater financial empowerment and we believe this partnership will further strengthen CoinFLEX’s growth in the coming year, helping to boost our metrics across the board: trading volume, number of active users, market capitalization, etc.
CoinFLEX’s active users are expected to grow exponentially with a significant increase in trading volume over the next 12 months.
As for FLEX HODLers, the knock-on effect mentioned above is likely to impact the staking rewards of the FLEXDAO, which we will be launching mid December. Upon launch, CoinFLEX will distribute 10% of quarterly profit and 10% of daily revenue to FLEXDAO stakers. The better CoinFLEX performs as a platform and exchange, the higher the rewards holders will receive!
Investment from DRW Venture Capital
We are also delighted to announce that CoinFLEX has secured investment from DRW Venture Capital, with whom we have had a decade-long relationship and look forward to working with to push forward the institutionalization of the CoinFLEX platform.
Bitcoin.com‘s mission is to create more economic freedom in the world. They do this by providing the information and tools people need to buy, sell, trade, invest, and use crypto assets. The Bitcoin.com domain features accessible educational materials to get you up to speed, while Bitcoin.com News provides timely coverage of the industry news that matters. The fully non-custodial Bitcoin.com Wallet is an easy-to-use but powerful app, available across mobile and web. It enables anyone in the world to obtain and manage their Bitcoin, Bitcoin Cash, Ethereum, and ERC-20 tokens.
Founded in 2019, CoinFLEX is the Home of Crypto Yield and is committed to providing institutional and retail investors an easily accessible platform to earn and trade crypto.
CoinFLEX creates innovative solutions to bring investors and crypto markets together through intuitive yield products such as flexUSD, the world’s first interest-earning stablecoin, and AMM+, the most capital-efficient automated market maker in the world. CoinFLEX is backed by crypto heavyweights, including Roger Ver, Mike Komaransky, Polychain Capital, and Dragonfly Capital.