The Open Exchange (OPNX) is set to close its doors on February 14, with trading ceasing on February 7, according to an announcement made to its users.

Following this closure, a new platform called OX.Fun has emerged, seemingly positioned as OPNX's successor.

OX.Fun utilises the native Open Exchange Token (OX) for derivatives trading, but the individuals behind it remain unidentified, complicating its connection with the original OPNX platform.

The closure of OPNX comes after a series of legal issues and tensions between its founders and CoinFLEX creditors, leading to a fallout between the parties involved.