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.
Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats.