OPNX Will Launch Claim Trading Services After Investors Refused To Cooperate

Key Points:

• OPNX announced that the platform will launch claims trading services in May.
• The exchange stated that its institutional supporters either directly invest in, or negotiate for equity through CoinFLEX restructuring, as evidenced by public court documents.
• Previously, many companies such as DRW, Nascent, MIAX and Susquehanna denied investing in the exchange.

After OPNX received investor denials of being involved with the exchange of the founders of Three Arrows Capital, it confirmed that it will continue its development path next May.

Leslie Lamb, CEO of the cryptocurrency claims and trading platform Open Exchange, said on Twitter that the company would begin offering claims trading services in May.

Moreover, in response to multiple institutions refusing participation in OPNX, Lamb responded that its institutional backers either invest directly in the exchange or bargain for ownership via CoinFLEX restructuring, as revealed by public court filings.

Su Zhu and Kyle Davies’ Open Exchange has sparked controversy following a heated exchange of words with a group of venture capital and trading businesses that the crypto platform says were part of its investment round.

Several corporations, including DRW, Nascent, MIAX, and Susquehanna, have previously denied investing in OPNX. OPNX reacted saying it was disappointed by these firms’ deceptive assertions.

The first person to react to Open Exchange’s tweet was Nascent. The business said that it did not take part in the OPNX investment round.

DRW Trading, based in Chicago, went even further and issued a statement denying any involvement with OPNX and its affiliates:

Susquehanna International Group is well-known for being the biggest investor in TikTok, a worldwide platform for short videos. Other VCs are renowned as top-tier investment moguls in the IT and cryptocurrency sectors.

The refusal of multiple investors to acknowledge the association resulted in a strongly worded statement from OPNX, the exchange and its CEO have issued strongly worded statements against their supposed investors, accusing them of engaging in ugly tactics and denying association with the exchange despite participating in its funding round.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News