Tuesday, May 30, 2023
The Crypto DEFI
  • Home
  • Business
  • Op Eds
  • Press Releases
  • Bitcoin
  • Tech
No Result
View All Result
The Crypto DEFI
  • Home
  • Business
  • Op Eds
  • Press Releases
  • Bitcoin
  • Tech
No Result
View All Result
THE CRYPTO DEFI
No Result
View All Result
Home Press Releases

CoinFLEX’s Stablecoin flexUSD Now Available to Hundreds of Financial Institutions With Copper ClearLoop Integration

Dylan by Dylan
in Press Releases
Share on FacebookShare on Twitter

RELATED POSTS

True peer-to-peer functionality on the Bitcoin network restored and enhanced with latest update to Bitcoin SV Node software

TAAL announces agreement to establish North American Bitcoin SV hosting capacity to support large scale enterprise clients

CoinFLEX’s Stablecoin flexUSD Now Available to Hundreds of Financial Institutions With Copper ClearLoop Integration

press release

PRESS RELEASE. SEYCHELLES, 15 November 2021 – CoinFLEX, leading crypto exchange and yield platform, has partnered with Copper.co, a global digital asset custodian and trading solutions provider by integrating with their ClearLoop instant settlement trading network.

The partnership expands CoinFLEX’s crypto yield products to more institutional investors globally, starting with flexUSD, the world’s first interest-earning stablecoin. This partnership will help accelerate flexUSD to a US$1 billion market cap by Q1 2022. flexUSD is currently paying 16% APY and has distributed $11 million in interest to holders over the past 12 months.

The partnership will enable Copper’s 300+ institutional asset managers to trade flexUSD on CoinFLEX while securely storing their assets offline and off the exchange. The integration with ClearLoop adds an extra layer of regulatory assurance for institutional investors, while providing more crypto trading options to Copper’s clients. ClearLoop connects exchanges like CoinFlex to traders and custodians – enabling one, secure trading loop, with instant settlement. Investors can settle digital currency transactions off-exchange – eliminating the need to deposit and withdraw assets from an exchange in real-time, securely maximizing capital efficiency.

“We are excited for this partnership with CoinFLEX, and for our client base to trade and earn from a crypto yield offering such as flexUSD,” said Dmitry Tokarev, Founder and CEO, Copper.co. “This directly aligns with our commitment to ensure that institutional investors are offered a wide range of quality crypto products and can trade efficiently and securely on the Copper network.”

For the first time, Copper’s institutional clients can access a highly liquid, easily redeemable, yield-generating stablecoin via the Copper platform.

This integration is inline with CoinFLEX’s efforts to advance expansion plans for greater institutional user adoption. This symbolizes the exchange’s commitment to amplify liquidity and innovate, develop, and strengthen the CoinFLEX ecosystem.

CoinFLEX Q4 2021 key milestones

  • October 2021: CoinFLEX reached US$8 billion in daily trading volume with open interest exceeding US$ 350 million
  • November 2021: CoinFLEX’s total repo market volume exceeds US$300 billion, pushing flexUSD’s market cap to US$380 million

“Joining ClearLoop marks a major milestone for CoinFLEX as we begin to push our business expansion plans to increase institutional users,” said Mark Lamb, CEO of CoinFLEX. “By enhancing the adoption of flexUSD through trading activities, it will also propel the credibility and increase the utility of the stablecoin across institutional users including hedge fund and asset managers whilst ensuring that they have a highly secure way of interacting with us.”

About Copper

Founded in 2018, Copper helps bridge institutions into crypto by offering custody, prime brokerage, and settlements across 250 digital assets and more than 40 exchanges. Copper’s unique crypto products and multi-award-winning custody allows clients to safely acquire, trade, and store cryptocurrencies, including access to margin lending trading facilities and the DeFi space.

ClearLoop is at the core of Copper’s infrastructure and connects a broad network of exchanges together in one secure trading loop and with instant settlement across networks.

About CoinFLEX

Founded in 2019, CoinFLEX is the Home of Crypto Yield and is committed to providing institutional and retail investors an easily accessible platform to earn and trade crypto.

CoinFLEX creates innovative solutions to bring investors and crypto markets together through intuitive yield products such as flexUSD, the world’s first interest-earning stablecoin, and AMM+, the most-capital efficient automated market maker in the world. CoinFLEX is backed by crypto heavyweights, including Roger Ver, Mike Komaransky, Polychain Capital, and Dragonfly Capital.

Telegram | Twitter | Discord | LinkedIn | Facebook | Youtube | Reddit


Tags in this story
Coinflex

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com Media

Bitcoin.com is the premier source for everything crypto-related.
Contact [email protected] to talk about press releases, sponsored posts, podcasts and other options.

Previous article

Bitcoin Hashrate Nears All-Time High Captured in May — BTC Mining Rigs Produced in 2016 Still Profitable

Next article

Paradigm Launches $2.5 Billion Venture Fund to Invest in Next Generation of Crypto Companies and Protocols

More Popular News

In Case You Missed It

FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms

On April 18, the Federal Bureau of Investigation (FBI), the U.S. Treasury Department, and the Cybersecurity and Infrastructure Security Agency (CISA) published a Cybersecurity Advisory (CSA) report concerning malicious North Korean state-sponsored cryptocurrency activity. According to the U.S. government, law … read more.

Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto
Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing
Iran to Increase Penalties for Unauthorized Cryptocurrency Mining
Economist Predicts the Fed’s Response to Inflation Will Push Crypto Higher
ShareTweetPin

Related Posts

True peer-to-peer functionality on the Bitcoin network restored and enhanced with latest update to Bitcoin SV Node software

by Dylan
May 27, 2023
0

ZUG, Switzerland – November 17, 2020 –Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the...

TAAL announces agreement to establish North American Bitcoin SV hosting capacity to support large scale enterprise clients

by Dylan
May 22, 2023
0

· TAAL enters agreement to establish North American capacity to power BitcoinSV (BSV) transaction solutions for global enterprise clients· Agreement...

EHR Data, Inc. Announces Passing of Founder & Chairman of the Board, Kenneth A. Hill Sr., R.Ph.

by Dylan
May 17, 2023
0

FORT WORTH, Texas, November 24, 2020 (Newswire.com) – EHR Data, Inc.™ announces with great sadness and heavy hearts the passing of...

Beetlejuice’s NFT Surpasses Top Collectibles of Tom Brady, Superman and Michael Jackson at Goldin Auctions

Beetlejuice’s NFT Surpasses Top Collectibles of Tom Brady, Superman and Michael Jackson at Goldin Auctions

by Dylan
May 17, 2023
0

Beetlejuice’s NFT Surpasses Top Collectibles of Tom Brady, Superman and Michael Jackson at Goldin Auctions press release PRESS RELEASE. Celebrity...

Earn Guild Is Coming to PancakeSwap

Earn Guild Is Coming to PancakeSwap

by Dylan
May 15, 2023
0

Earn Guild Is Coming to PancakeSwap press release PRESS RELEASE. London, England, Feb 21st, 2022 – Earn Guild, a next-gen...

Next Post

Exploring new SPV/P2P applications: The 4th Bitcoin SV Hackathon begins

Future Use Cases for Blockchain Technology: Digital ID Verification

Future Use Cases for Blockchain Technology: Digital ID Verification

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

BlockFi inches closer to US public listing

BlockFi inches closer to US public listing

May 29, 2023

Thecryptodefi.Com Live 2020 – Antigua Influencers Viewing Event

May 28, 2023

MOST VIEWED

  • What is Pushswap (PUSH)? Details of the PUSH cryptocurrency

    What is Pushswap (PUSH)? Details of the PUSH cryptocurrency

    0 shares
    Share 0 Tweet 0
  • Thecryptodefi.Com Live 2020 – Antigua Influencers Viewing Event

    0 shares
    Share 0 Tweet 0
  • BlockFi inches closer to US public listing

    0 shares
    Share 0 Tweet 0
  • TAAL announces agreement to establish North American Bitcoin SV hosting capacity to support large scale enterprise clients

    0 shares
    Share 0 Tweet 0
  • True peer-to-peer functionality on the Bitcoin network restored and enhanced with latest update to Bitcoin SV Node software

    0 shares
    Share 0 Tweet 0
The Crypto DEFI – Latest News

© 2021 DYLAN | thecryptodefi.com. All rights reserved.

CATEGORY

  • Bitcoin
  • Business
  • Editorial
  • Events
  • News
  • Op Eds
  • Press Releases
  • Tech
  • Tutorial
  • DEFI
  • Bitcoin
  • Ethereum

© 2021 DYLAN | thecryptodefi.com. All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Tech
  • Op Eds
  • Press Releases
  • Bitcoin

© 2021 DYLAN | thecryptodefi.com. All rights reserved.