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🧵about stuff I've learned about @CoinFLEXdotcom and @MarkDavidLamb. started looking into these characters in depth a few days before they became a hot item so this is an attempt to consolidate what i've learned.
Q: What is CoinFLEX?
A: It's not an average crypto exchange.
Start with the fact that this mostly unknown CEX does huge volume. Some days its volume makes it the 3rd largest #CEX in the world on CMC.
Nums are manipulated but Binance owns CMC. I'm sure top 10 spots aren't free.
A: It's not an average crypto exchange.
Start with the fact that this mostly unknown CEX does huge volume. Some days its volume makes it the 3rd largest #CEX in the world on CMC.
Nums are manipulated but Binance owns CMC. I'm sure top 10 spots aren't free.
Many days CoinFLEX's volume makes it a peer of major exchanges like Coinbase, FTX, and Huobi. See yesterday's CMC rankings in pics.
Retail traders think of CoinFLEX as a small market mostly built around a small altcoin, $BCH (Bitcoin Cash). $BCH trades can't create this volume.
Retail traders think of CoinFLEX as a small market mostly built around a small altcoin, $BCH (Bitcoin Cash). $BCH trades can't create this volume.
#Coinflex CEO Mark Lamb just went on BloombergTV. talked about a plan to raise $ to cover for an "ultra high net worth" whale who isn't paying up. $rvUSD... r. v.... @rogerkver?
Lamb also confirmed there are huge futures trades in private markets... and involving his exchange.
Lamb also confirmed there are huge futures trades in private markets... and involving his exchange.
@rogerkver the weird part: i did a kind of much too long analysis that lead me to the conclusion that #CoinFLEX's $BCH retail trading operation is, if not a front, then not their main business.
based on info I could get, CoinFlex looked like derivatives market...
reddit.com/r/Buttcoin/com…
based on info I could get, CoinFlex looked like derivatives market...
reddit.com/r/Buttcoin/com…
here's the full Mark Lamb (#coinflex CEO) interview on @BloombergTV
@sonalibasak letting him pitch a snake oil 20% APY shitcoin as a way to give his users back the money he owes them is a disgrace to journalism
madoff offered 12%. do yr job @sonalibasak
bloomberg.com/news/videos/20…
@sonalibasak letting him pitch a snake oil 20% APY shitcoin as a way to give his users back the money he owes them is a disgrace to journalism
madoff offered 12%. do yr job @sonalibasak
bloomberg.com/news/videos/20…
