OPNX, a cryptocurrency derivatives exchange, to cease operations in February

By Theon Barrett Feb 1, 202441Views

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Crypto derivatives platform Open Exchange to shut down

Crypto derivatives and claims trading platform Open Exchange (OPNX) will be closing its operations this month, according to a message shared on social media. The team behind OPNX stated that they are dedicated to ensuring an orderly closure for all users. Users are advised to settle all positions before February 7th and withdraw funds by February 14th. The platform will automatically settle any open positions after February 7th. The exchange was previously known as Coinflex but rebranded in March 2023. OPNX is associated with the co-founders of bankrupt crypto lender Three Arrows Capital.

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