🏢 Company profile and background
CoinFLEX (Coin Futures and Lending Exchange) is an exchange specializing in cryptocurrency derivatives trading and yield products, aiming to provide institutional and retail investors with efficient crypto asset trading and yield solutions. Its core products include flexUSD, the world's first interest-bearing stablecoin, and AMM+, a capital-efficient automated market maker. Since its establishment, the company has been committed to connecting investors with the crypto market through innovative financial tools, especially in the Asian market.
CoinFLEX was founded in 2019 by Mark Lamb and Sudhu Arumugam, and its predecessor was associated with the British crypto exchange Coinfloor. Mark Lamb has been deeply involved in the crypto industry since 2011 and has accumulated extensive experience in trading and information technology. CoinFLEX aims to become a leading crypto derivatives exchange in the non-US market, enhancing market efficiency through products such as physically delivered futures. In 2023, CoinFLEX was acquired by Open Exchange, and its business gradually migrated to the OPNX platform, but its brand and some services remained operational.
📋 Basic information
Full name and abbreviation: The full name of CoinFLEX is Coin Futures and Lending Exchange, referred to as CoinFLEX.
Established: April 16, 2019.
Country of registration: Seychelles.
Registered capital: Public information does not clearly disclose the specific amount of registered capital, only knowing that it is registered as a limited liability company.
English headquarters address: Mahe, Seychelles (the specific street address is not disclosed, administrative operations are mainly carried out in Hong Kong).
Operating status: As of 2025, CoinFLEX is in an operational state, but some businesses have been integrated into the OPNX platform, and the withdrawal function was suspended in 2022 and gradually resumed.
Company nature: Private enterprise, registered as a limited liability company (Liquidity Technologies Ltd., registration number 208853).
Subsidiary and parent company: The parent company is Liquidity Technologies Ltd., and there is no publicly disclosed subsidiary information. On March 25, 2023, CoinFLEX was acquired by Open Exchange as part of its operations.
👨 💼 Key executive backgrounds
Mark Lamb (Founder and CEO):
Mark Lamb is the core founder of CoinFLEX, has been involved in the crypto industry since 2011, and co-founded the British Bitcoin exchange Coinfloor, known for its 100% cold storage and zero hacking records. He has extensive experience in information technology, trading, and marketing, and has a deep understanding of the Bitcoin and derivatives markets. Lamb's vision is to establish CoinFLEX as a leader in the physically delivered derivatives market.
Sudhu Arumugam (Co-Founder and Chief Risk Officer):
Sudhu Arumugam worked on the floor trading at the London Financial Futures Exchange before working as a partner at several proprietary trading firms and hedge funds. With a focus on derivatives trading and risk management, he has a deep understanding of the volatility and complexity of the crypto market.
Leslie Tam (Chief Strategy Officer):
Leslie Tam was responsible for account management and over-the-counter (OTC) trading at Binance and gained experience in traditional finance such as Bank of America Merrill Lynch. His addition enhances CoinFLEX's capabilities in strategic development and institutional client service.
James Cunningham (Chief Technology Officer):
A graduate of the University of Leeds with a background in mathematics and computer science, James Cunningham worked in the algorithmic trading department of UBS and was a founding member of IVC Capital's high-frequency trading hedge fund. His technical expertise provides robust support for CoinFLEX's trading platform.
🤝 Consulting team
CoinFLEX's advisory team information is not disclosed in detail through public channels, but its shareholders and strategic partners include several crypto industry heavyweights who play a similar role in strategy and marketing:
Mike Komaransky: A veteran participant in the crypto market, active in the market since 2010, providing liquidity advice for CoinFLEX.
Trading Technologies: As a shareholder and front-end trading technology provider, providing technical advice for CoinFLEX's global client expansion.
>Roger Ver: An early evangelist of Bitcoin, with extensive industry influence, participating in CoinFLEX's strategic guidance.
📊 Shareholding structure and shareholders
The shareholding structure of CoinFLEX is owned by private companies, and the specific shareholding ratio is not publicly disclosed. According to data such as PitchBook and Crunchbase, CoinFLEX has raised a total of $3720, with investors including:
Polychain Capital: A well-known crypto investment fund focusing on blockchain and DeFi projects.
Dragonfly Capital: An investment institution dedicated to connecting the crypto markets of the East and the West.
Digital Currency Group (DCG): A leading investment group in the crypto industry with portfolios covering multiple exchanges.
Bering Waters Ventures, Nascent Ventures, Electric Capital, and other venture capital institutions.
Market makers: such as Alameda Research, Amber AI, B2C2, and Grapefruit Trading, which ensure platform liquidity as shareholders.
In March 2023, Open Exchange wholly acquired CoinFLEX, undergoing significant changes in its shareholding structure, with specific details not being disclosed.
🏦 Enterprise classification
CoinFLEX belongs to the FinTech and blockchain industries, specifically classified as:
Cryptocurrency exchange: Provides spot and derivatives trading services.
Decentralized Finance (DeFi): Supports yield generation and automated market making through products like flexUSD and AMM+.
Virtual Asset Service Provider (VASP): Operates under the Seychelles regulatory framework, complying with virtual asset service requirements.
📈 Market Segmentation
CoinFLEX is positioned in the global cryptocurrency derivatives market, mainly serving:
Retail investors: Provide easy trading tools and high-yield products such as flexUSD.
Institutional Investors: Supports high-leverage derivatives trading and API solutions to meet professional trading needs.
Asian Market: With Hong Kong as the center of operations, it focuses on developing Asian retail and commercial transaction clients.
Its market competitors include BitMEX, OKX, Bybit, Gemini, and LedgerX.
🛠️ service
CoinFLEX provides the following core services:
Spot trading: Supports the buying and selling of various crypto assets such as Bitcoin (BTC) and stablecoins (such as USDT and USDC).
Derivatives Trading: Includes physically delivered futures, perpetual contracts, and repo markets, offering up to 250x leverage.
Yield products: flexUSD is the world's first interest-bearing stablecoin that pays interest every 8 hours on-chain; AMM+ is an efficient automated market maker tool.
API Solutions: Provide low-latency trading interfaces for high-frequency traders and institutions.
Mobile and desktop trading: Supports iOS, Android, and web, with an intuitive interface, suitable for both novice and professional traders.
⚖️ Regulatory Information
No Strict Regulation: CoinFLEX is not authorized or regulated by top financial regulatory bodies, such as the U.S. Securities and Exchange Commission (SEC), the Financial Conduct Authority (FCA) in the UK, or the Securities and Futures Commission (SFC) in Hong Kong. The regulatory environment in Seychelles is considered "low to medium" and lacks strict standards from top regulators such as the FCA or the US CFTC, potentially leading to inadequate investor protection.
Compliance Requirements: Undergoing Authentication of Customer (KYC), Anti-Money Laundering (AML), and Counter-Terrorist Financing (CFT) checks, and data may be shared with third parties to meet regulatory requirements.
Note: The Financial Conduct Authority (FCA) issued a warning on November 6, 2023, stating that "COINFLEX TRADING" is not authorized to provide financial services, advising investors to exercise caution. It is unclear whether this entity is directly related to CoinFLEX, but it may cause confusion.
💹 trading products
CoinFLEX's trading products include:
Spot Market: Supports trading in various crypto assets such as BTC, ETH, USDT, USDC, etc., with a transaction fee of 0.03% (regardless of market maker or taker).
Futures Contracts: Physically delivered futures, covering Bitcoin and other mainstream crypto assets, with leverage of up to 250x.
Perpetual Contracts: Futures contracts with no expiration date, suitable for long-term positions.
Repo Markets: Allows investors to obtain liquidity through short-term borrowing.
Interest-bearing stablecoin (flexUSD): Interest is paid every 8 hours on the chain, enhancing capital efficiency.
AMM+: Automated market maker that optimizes capital utilization and is suitable for liquidity providers.
💻 trading software
CoinFLEX's trading platform supports the following software:
Web: Provides price charts, depth charts, order books, and order entry functions, with an intuitive interface and suitable for desktop users.
Mobile: iOS and Android applications, supporting anytime and anywhere transactions, with the same functions as the web terminal.
API Interface: Provides REST and WebSocket APIs for developers and high-frequency traders, supporting low-latency trading and data acquisition.
Trading Technologies Frontend: Collaborates with shareholder Trading Technologies to provide a professional futures trading interface to handle high-volume clients worldwide.
The platform is designed with a focus on user experience while catering to both novice and professional traders, but the interface complexity may pose a learning curve for beginners.
💸 Deposit and withdrawal methods
CoinFLEX's deposit and withdrawal methods are mainly cryptocurrencies and do not support fiat currencies:
Deposit: Support crypto assets such as BTC, USDT, USDC, and transfer through wallet address or QR code, no deposit fees, only pay the machine fee.
Withdrawal: Withdrawal through the white-name unit address, requires two-step verification (2FA), daily withdrawal limit is $10,000, no platform withdrawal fees, only network fees are deducted.
Process: Deposits need to confirm the number of confirmations on the blockchain network, withdrawals need to be verified through 2FA, and the processing time is usually instant or hours.
📞 Customer support
CoinFLEX's customer support channels include:
Email: The support email is support@coinflex.com, which responds 24/7.
Telegram Community: The official English Telegram channel (@coinflex_EN) provides real-time updates and user communication.
Online Help Center: The official website provides FAQs and how-to guides.
KYC Support: A dedicated CF Investor portal for creditors and new users to assist with identity verification and account migration.
Customer support is primarily in English, with quick responses but may experience slight delays during peak periods.
🔑 Core business and services
CoinFLEX's core business focuses on:
Derivatives Trading: Providing high-leverage trading opportunities through physically delivered futures and perpetual contracts, catering to institutional and retail clients.
Yield Generation: flexUSD and AMM+ provide investors with stable income and liquidity management tools, enhancing capital efficiency.
Market Liquidity: Collaborate with market maker shareholders to ensure trading depth and low spreads.
Technology-Driven: The frontend of APIs and Trading Technologies supports high-frequency trading and large-scale client access.
Its service goal is to maximize the trading and yield capabilities of crypto assets through innovative products and efficient technology.
🖥️ Technical infrastructure
CoinFLEX's technical infrastructure includes:
Cold storage: 99% of assets are stored in cold wallets, keeping only the funds needed for daily transactions in hot wallets.
Two-Step Verification (2FA): Mandatory enablement, non-SMS verification, enhancing account security.
High-Availability Servers: Employ dedicated servers equipped with the highest level of DDoS protection to ensure platform stability.
256-bit encryption: Website and transaction data are protected with Comodo-certified 256-bit encryption.
Blockchain Audit: Conduct regular on-chain balance audits to ensure fund transparency.
The platform does not report any significant security incidents, and the technical architecture is centered on security and scalability.
🛡️ Compliance and risk control system
Compliance Measures:
Comply with the Seychelles Anti-Money Laundering Act 2017, enforcing KYC and AML/CFT checks.
Collaborate with third-party compliance agencies to verify customer identity and transaction legitimacy.
Respond to the Seychelles government's VASP regulatory consultation launched in 2022 to ensure compliance with AML and terrorist financing risk requirements.
Risk Control System:
and Take Profit Tools: Help traders set predetermined exit points to limit risks.
Trailing Stops: Dynamically adjust stop-loss points to optimize risk management.
Sub-account Function: Isolate leverage and balances from different accounts, reducing cross-risk.
White Name Address: Restrict withdrawals to the default address, preventing unauthorized fund transfers.
🌐 Market Positioning and Competitive Advantage
Market Positioning: CoinFLEX is positioned as the world's leading crypto derivatives exchange, focusing on physical delivery products and yield solutions, targeting Asian retail and institutional investors.
Competitive Advantage:
Physically Delivered Futures: Differentiates from cash settlement, enhancing trading transparency and efficiency.
Innovative Products: flexUSD and AMM+ lead the way in yield generation and liquidity management.
Shareholder Support: Partnerships with market makers and Trading Technologies ensure liquidity and technological advantages.
Low Fees: 0.03% flat trading fee, no platform fees for deposits and withdrawals.
Security Record: No hacking or loss of funds since its inception.
🤗 Customer Support and Empowerment
:CoinFLEX empowers its clients by:
Educational Resources: The official website provides trading guides and product descriptions to help newcomers get started quickly.
Flexible Trading Tools: Supports multiple risk management tools like stop-loss and sub-accounts, making it suitable for traders of varying experience levels.
API Support: Provides customized trading solutions for developers and institutions.
Community Interaction: Maintain communication with users through Telegram and social media to respond promptly to needs.
Following the acquisition in 2023, CoinFLEX provided creditors with a CF Investor portal, streamlining KYC and asset migration processes, embodying a customer-first approach.
🌱 Social Responsibility and ESG
CoinFLEX's ESG (Environmental, Social, and Governance) disclosure is limited, but some of its initiatives reflect social responsibility:
Environment: Reduce the resource consumption of traditional finance through blockchain technology and support low-carbon transactions.
Society: Provide investors with stable income opportunities through products like flexUSD, promoting financial inclusion.
Governance: Comply with Seychelles regulatory requirements and regularly audit fund transparency to maintain client trust.
The company has not disclosed specific ESG strategies or charitable projects, and may need to strengthen disclosure in this regard in the future.
🤝 Strategic cooperation ecosystem
CoinFLEX's strategic partners include:
Trading Technologies: Provide front-end trading technology and global client access support.
Market Makers: Alameda Research, Amber AI, B2C2, etc. Ensure market liquidity.
Investment institutions :P olychain capital, Dragonfly Capital, etc., provide funding and strategic guidance.
OPNX: After the acquisition, CoinFLEX will integrate with OPNX to share technology and customer resources.
These collaborations enhance CoinFLEX's technical capabilities, market reach, and brand presence.
💰 Financial health
CoinFLEX's financial information is not fully disclosed, but its health can be inferred from the following data:
Total amount raised: As of 2023, a total of $37.2 million has been raised, with investors including top crypto funds.
Trading volume: The average daily trading volume in 2021 is about $4300, indicating a certain level of market activity.
Acquisition Event: Acquired by Open Exchange in 2023, indicating value to its brand and assets.
Operational Challenges: The suspension of withdrawals in 2022 may impact customer trust, but the subsequent resumption of operations indicates some financial resilience.
Specific income, profit, or debt data are not disclosed, and financial health needs further observation.
🚀 Roadmap for the future
CoinFLEX's future development plans include:
Business Integration: Continue to migrate to the OPNX platform to optimize user experience and asset management.
Product Expansion: Develop more income products and derivatives to enhance market competitiveness.
Regulatory Compliance: Responding to changes in the Seychelles VASP regulatory framework to enhance compliance capabilities.
Asian Market Expansion: Further penetrating the Asian retail and institutional markets with a focus on Hong Kong.
Technological Upgrades: Enhance API and mobile functionality to attract more high-frequency traders and developers.
