The new cryptocurrency exchange, led by the bankrupt Three Arrows Capital (3AC) founders Zu Shu and Kyle Davies, had a disappointing start.
Three Arrows Capital and the sinking cryptocurrency exchange CoinFLEX started by the founders Open Exchange (OPNX), faced a disappointing result on its first trading day. From the first trading day for OPXN, which has been worked on for a long time and came to life with great expectations on Wednesday, April 5th. the result was not satisfactory.
CoinGecko according to data within the first 24 hours in total, including all spot and derivatives markets in the stock market $126 value transaction. One-third of transactions BTC/USDT And FLEX/USDT done on trading pairs.
OPNX CEO Leslie Lamb In a statement to the global media, he said that the lack of liquidity was due to the absence of internal market makers for the stock market and the lack of priority given to external market makers. lamb, to promote liquidity He added that a public marketing program will be launched.
Some experts commenting on the subject say that 3AC’s great debacle destroyed the trust in the team and stated that users stay away from OPNX in order not to experience the same thing. The exchange uses the native token to interact with users. FLEX He even made an airdrop over it, but apparently that didn’t work either to gain trust.
on the other hand FLEXliving in the last 24 hours at the time of writing. 20%with a depreciation of from $1.74 being traded