Cryptocurrency derivatives and bond trading platform OpenExchange (OPNX) will shut down this month.
In a message sent to users shared The OPNX team said on social media platform
The company added that users must settle all positions before 8 AM (3 AM UTC) on February 7, after which the platform will automatically settle all outstanding positions. Users have until February 14 to withdraw funds and export historical data.
The OPNX team said, “We are deeply grateful for the dedication and trust of each member of the OPNX community. As we close this chapter, we will move forward with a grateful heart and cherish our shared experience.”
CoinFLEX rebrands
OPNX was previously known as Coinflex, but was rebranded in March 2023. The exchange is partnering with Kyle Davies and Su Zhu, co-founders of bankrupt cryptocurrency lender Three Arrows Capital.
The company did not immediately respond to The Block’s request for comment.
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About the author
MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for publications covering all cryptocurrency-related news, preferring NFTs, metaverse, web3 games, fundraising, crime, hacking, and cryptocurrency ecosystem stories. MK holds a graduate degree from New York University’s Science, Health, and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. X You can follow MK at @MManoylov and on LinkedIn.