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HONG KONG, Feb. 19, 2021 /PRNewswire/ Electric Capital, Nascent Ventures, Bering Waters and several other private investors have invested $1.25m in FLEX coin in anticipation of the launch of CoinFLEX s Notes.finance DEX. This news comes after CoinFLEX s repo market (the only tradable borrow/lend market) hit $2 billion in volume and paid out $200K in interest to flexUSD holders.
This private round comes after CoinFLEX raised 11M from Polychain Capital, Dragonfly, Divergence Digital Currency (DDC), Digital Currency Group, Mike Komaransky and Roger Ver.
CoinFLEX believes that stablecoin holders deserve to earn interest on-chain while holding the stablecoins in their wallet.
Place/Date: - February 19th, 2021 at 6:55 am UTC · 3 min read Contact: CoinFLEX,
Source: CoinFLEX
Electric Capital, Nascent Ventures, Bering Waters, Momentum 6 and several other private investors have invested $1.25m in FLEX coin in anticipation of the launch of CoinFLEX’s Notes.finance DEX. This news comes after CoinFLEX’s repo market (the only tradable borrow/lend market) hit $2 billion in volume and paid out $200K in interest to flexUSD holders.
This private round comes after CoinFLEX raised 11M from Polychain Capital, Dragonfly, Divergence Digital Currency (DDC), Digital Currency Group, Mike Komaransky and Roger Ver.
CoinFLEX believes that stablecoin holders deserve to earn interest on-chain while holding the stablecoins in their wallet. Stablecoins in crypto pay 0% while leveraged traders often pay 30-100% in funding to be long derivatives. CoinFLEX aims to bridge this $30B+ market inefficiency and create a better market for all sides.