BlocksInform
Physical futures crypto exchange CoinFLEX is pausing withdrawals citing “extreme market conditions” along with uncertainty around a certain counterparty, its CEO Mark Lamb said in a blog post Thursday.
- Lamb said the counterparty is not Three Arrows Capital or “any lending firm.”
- CoinFLEX expects to resume withdrawals “in a better position as soon as possible.”
- Additionally, FLEX Coin trading is being halted for perpetual swaps and spot trading in the short term.
- CoinFLEX was spun off from Coinfloor Group in 2019.
UPDATE (June 23, 2022, 18:43 UTC): Adds bullet point on spinoff.
