The 3AC founders gave up on using the GTX name for their new stock market projects.
Coinflex, one of the partners of the project, announced that this name was abandoned after the name GTX was mocked on Twitter.
Coinflex Says Exchange Name Will Be Changed
In the blog post written by the company, the following statements were used regarding the new project:
“Creating a new marketplace for trading (in addition to crypto and other potential assets) is an evolution of Coinflex’s commitment to creating open and transparent financial markets.
The new funds raised will be used for operational growth, which we strongly believe will increase value for Coinflex customers.”
Su Zhu and Kyle Davies, founders of bankrupt crypto hedge fund Three Arrows Capital, are planning to raise $25 million in funding to create a cryptocurrency exchange.
The name of the exchange to be established was planned as GTX and it was said that it would be the continuation of FTX. For this reason, it was stated that the letter G after F was used. However, that plan seems to have changed at the moment.
