The founders of Three Arrows Capital (3AC), a bankrupt hedge fund, have launched their own crypto exchange, CoinFLEX. The native token of the new exchange, FLEX Coin (FLEX), has outperformed most of the crypto markets over the last week after being listed on SushiSwap.
FLEX is an Ethereum-based altcoin that has been designed to serve as the backbone of CoinFLEX's trading platform. Since its launch, FLEX has experienced a surge in demand from investors and traders alike.
According to reports, FLEX's value skyrocketed after it was listed on SushiSwap, one of the most prominent decentralized exchanges in the market. The listing allowed more investors to access and purchase FLEX coins easily.
The performance of FLEX has been impressive considering that CoinFLEX is still in early stages and yet to be launched officially. However, its potential seems promising given that it aims to provide users with sophisticated trading tools such as futures contracts and spot trading pairs for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
In an interview with our correspondent earlier today, Mark Lamb - CEO at CoinFLEX - expressed his excitement about the recent developments surrounding their native coin. "We are delighted with how well FLEX has performed since its launch," he said.
"We believe this is just a taste of what we can achieve when we launch our full suite of products later this year."
As crypto enthusiasts continue to explore diverse investment opportunities in the market beyond mainstream digital assets such as BTC or ETH; projects like CoinFlex's innovative derivatives platform offer unique investment opportunities with high growth potentials for investors looking beyond traditional investments options.
It will be interesting to see how things progress regarding both CoinFlex and their native coin over time – especially if they manage to capture even more attention in the coming months.