Bitcoin options exchange Coinut suspends orders to prepare for relaunch

Coinut, a bitcoin options exchange owned by COINUT PTE. LTD., a Singapore company, backed by BoostVC and Bitmain Technologies has made some surprising news stating they will be launching a new exchange in the coming future (no details on when).

In light of that news, the company says there will be no liquidity provided in the current exchange. The current order books on the exchange have been shut down while the company prepares for the relaunch.

Xinxi Wang, Founder & CEO of Coinut

Coinut is an exchange platform for bitcoin-based options. Users were able to trade either cash-or-nothing binary options or European vanilla options. However the platform never really took off compared to some other OTC crypto exchanges.

Let’s hope they come back with a strong relaunch, having learned some lessons on the first iteration of the platform.

The Coinut team, led by Founder and CEO Xinxi Wang Ph.D. was founded in 2013 and has gathered experts from computer science and finance to develop a secure and professional platform for people to trade bitcoin options and possibly other derivatives in the future.