CoinFLEX Update: July 14, 2022

Dear CoinFLEX Community, The following statement details the specifics outlined in our last update from July 9, which you may find here. CoinFLEX.US users may find the latest corresponding update here.  We will enable limited withdrawals for all users this week and continue to work with a laser focus on…

Trap of the funding rates: Perpetual Swaps v.s. Futures

With the rapid development of the digital asset industry in recent years, the corresponding derivatives market has become more prosperous. Various derivatives exchanges are also beginning to offer a wider variety of products. BitMEX launched the Bitcoin perpetual futures contract in May 2016. Other industry organizations have also followed suit.…

CoinFLEX: Who are we, where are we going, and why?

My Origins I decided 6 years ago (in 2012) that bitcoin exchanges were the most fascinating problem in the world to solve and that I wanted to devote all my efforts and energy to the space of liquidity in the “bitcoin industry”. Simply nothing seemed as fascinating as a currency…

Using FLEX to pay fees – detailed mechanism

In short: Fees are taken as previously, in USDT (spot and future settlement USDT) during trade Every 24 hours, the USDT fees are refunded back, and FLEX taken from user’s spot accounts, equivalent to half the USDT amount refunded If there is insufficient FLEX, the swap doesn’t take place. So…

Traditional Futures vs Crypto Futures Exchanges

Traditional futures enable great things. For example, buying 40 times the amount of Gold as you have dollars to support or hedging interest rates all the way out to 5 years in the future. However, they are by no means perfect and are a slow moving industry heavily tied to…