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Crypto exchange Coinflex issues a new token

By Yashasvini Razdan - Jun 28, 2022, 04:58 PM ET

Last Updated - Mar 07, 2024, 10:57 AM EST

CoinFlex would issue $47 million worth of the digital coin

• CoinFlex would issue $47 million worth of the digital coin

Cryptocurrency exchange CoinFlex issued a new token on Tuesday, to raise funds in a bid to restart withdrawals for its customers.

The company said it would issue $47 million worth of a digital coin, offering 20% interest.

CoinFLEX will launch a Recovery Value USD (rvUSD) Token after recently halting withdrawals due to an outstanding debt that a high-net-worth customer owes the exchange.

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Manufacturing

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CoinFlex would issue $47 million worth of the digital coin

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