CoinFLEX is a bitcoin and crypto derivatives platform that allows you to buy, sell and trade cryptocurrencies with financial products. The multi-functional platform combines the mechanisms of a universal crypto wallet and an adaptable investment portfolio with passive return options.

On CoinFLEX you can buy/sell Bitcoin, Ethereum, Litecoin, Tether, and other cryptocurrencies and tokens. Cryptocurrency funds can be freely transferred to fiat and withdrawn to plastic cards, bank accounts, other cryptocurrency wallets, and electronic wallets.

CoinFLEX offers trading with leverage of up to 1:100.

One of the special features of this crypto exchange is flexUSD, a stablecoin with interest earnings. With the help of flexUSD and note tokens, the exchange creates an investment package for users that can lend to institutional trading companies on the CoinFLEX exchange.

At the end of June, the company announced that it would stop all withdrawals, and it became public that the self-proclaimed “Bitcoin Jesus” Roger Ver (Wikipedia) owes the exchange more than $47 million.

The company was established in 2019 by Mark Lamb (Linkedin) and Sudhu Arumugam (Linkedin) and is headquartered in the Seychelles.

Due to the lawsuit, the intransparent liquidity situation, and the payout freeze, we place CoinFLEx in our “Red Compliance” list.