CoinFLEX was quick to clarify certain misconceptions about its newly proposed 'GTX' crypto exchange in a company blog post on Jan. 16.
Amid mounting criticism on social media, crypto investment firm CoinFLEX has attempted to clarify its plans to build a new crypto exchange with Three Arrows Capital .
Firstly, CoinFLEX said it won't actually be using the"GTX" name as detailed in the pitch deck, noting that it only serves as a placeholder name for now. Secondly, the firm also attempted to address criticisms about the venture, arguing that building the new exchange would be valuable for both holders of claims and for Coinflex creditors.
“Above all, we are committed to ensuring that any decisions and actions taken by CoinFLEX are in the best interest of CoinFLEX creditors," it added.
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