CoinFLEX Offers Two Years of Free Trading on OPNX to End Dispute with Bitcoin.com Founder Roger Ver

On April 6th, Mark Lamb, co founder of CoinFLEX, a cryptocurrency exchange, sent an open letter to Roger Ver, founder of Bitcoin. com, promising to conduct two years of free trading on OPNX, aiming to end the long-standing dispute between the two and enable Roger Ver to repay the allegedly outstanding loan to CoinFLEX.

Coin FLEX Alliance promises Roger Ver to trade for free on OPNX for two years to resolve long-term disputes

Cryptocurrency exchange CoinFLEX has recently made a bold move in resolving a long-standing dispute with Bitcoin.com founder Roger Ver. On April 6th, co-founder of CoinFLEX, Mark Lamb, sent an open letter to Ver, promising to conduct two years of free trading on OPNX, in an effort to end the feud and enable Ver to repay the allegedly outstanding loan he owes to CoinFLEX.

The Background of the CoinFLEX- Bitcoin.com Dispute

The conflict between CoinFLEX and Bitcoin.com has been brewing for years, and it all started with a loan agreement between the two parties. In 2018, CoinFLEX loaned Ver and his associate, Jake Smith, funds worth $500,000 to invest in its Initial Futures Offering (IFO). The agreement stated that Ver and Smith would repay the loan within a specified time frame. However, after the stipulated time had elapsed, the two parties failed to repay the loan, leading to a dispute between CoinFLEX and Bitcoin.com.
In an effort to recover the owed funds, CoinFLEX attempted to liquidate Ver’s assets. However, legal battles ensued, with Ver claiming that he had already repaid the funds as per the agreed terms. The dispute escalated in November 2019, when CoinFLEX sued Ver for breach of contract, seeking to recover the outstanding debt.

The CoinFLEX Solution

In his open letter, Mark Lamb expressed the desire to end the dispute and find a way forward. He offered Ver two years of free trading on CoinFLEX’s OPNX platform, a move aimed at promoting adoption and boosting liquidity on the platform. The platform allows traders to exchange perpetual contracts in eleven of the most popular cryptocurrencies.
The move is not only an attempt to resolve the dispute but also a proactive measure to promote the benefits of cryptocurrency trading. Lamb argued that by offering free trading on OPNX, he hoped to show Ver and the rest of the world the immense potential of cryptocurrency trading.

The Importance of Resolving Disputes within the Cryptocurrency Space

The dispute between CoinFLEX and Bitcoin.com highlights one of the greatest challenges facing the cryptocurrency industry – the lack of legal frameworks and guidelines for dispute resolution. Because of the decentralized nature of cryptocurrencies, disputes between parties often lack the legal backing and protection offered by traditional financial institutions.
However, the ability to resolve disputes is crucial if cryptocurrencies are to reach their full potential. It is therefore encouraging to see companies like CoinFLEX take proactive measures to resolve disputes and promote the growth of the cryptocurrency industry.

FAQs

1. Why did CoinFLEX offer two years of free trading on OPNX to Roger Ver?
CoinFLEX made the offer to resolve the long-standing dispute between the two parties and promote the adoption of cryptocurrencies.
2. What is OPNX?
OPNX is a cryptocurrency trading platform run by CoinFLEX, which allows traders to exchange perpetual contracts in eleven popular cryptocurrencies.
3. Why is dispute resolution important in the cryptocurrency industry?
Dispute resolution is crucial for promoting the growth of the cryptocurrency industry, as a lack of legal frameworks and guidelines for resolving disputes hinder adoption and limit the industry’s potential.

Conclusion

Cryptocurrency exchange CoinFLEX’s bold move in offering two years of free trading on OPNX to Bitcoin.com founder Roger Ver is a commendable effort in resolving a long-standing dispute and promoting the benefits of cryptocurrency trading. The move highlights the necessity for legal frameworks and guidelines for dispute resolution within the cryptocurrency industry, and we hope that other companies will follow CoinFLEX’s lead in taking proactive measures to promote the growth of the industry.