CoinFLEX Says New Exchange with 3AC Founders Won't Be Named GTX

Crypto exchange CoinFLEX responded to questions about the proposed GTX exchange with a post stating that the exchange it is developing with 3AC will not be named GTX and that GTX is just a placeholder name. Meanwhile, CoinFLEX is considering creating compliant exchanges for other asset classes that will have their own entities and brand names.

In addition, two executives, Mark Lamb and Sudhu Arumugam, will remain on board, with Mark continuing as CEO, and CoinFLEX may add key members to build and grow the business as funding increases.

Previously, Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), are working with CoinFLEX co-founders Mark Lamb and Sudhu Arumugam to raise $25 million to start a new crypto exchange called GTX.