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How to buy Index Coop – ETH 2x Flexible Leverage Index (ETH2X-FLI) in Canada

Learn how to buy Index Coop - ETH 2x Flexible Leverage Index (ETH2X-FLI) in our step-by-step guide.

Where to buy Index Coop - ETH 2x Flexible Leverage Index in Canada

It looks like ETH2X-FLI may not be available to purchase on an exchange in Canada.

You can still purchase ETH2X-FLI by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase ETH2X-FLI using a decentralised exchange.
  1. Find ETH2X-FLI on a decentralised exchange and make sure Index Coop - ETH 2x Flexible Leverage Index can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for ETH2X-FLI using an exchange like Ndax. You will need to purchase enough ETH to swap for ETH2X-FLI as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for ETH2X-FLI on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the ETH2X-FLI tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Canada.

Best Index Coop - ETH 2x Flexible Leverage Index wallets to store your ETH2X-FLI

You can keep your ETH2X-FLI on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your ETH2X-FLI below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets


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Price (USD)


Price (USD)


Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Index Coop - ETH 2x Flexible Leverage Index a good investment?

ETH2x-FLI is a leverage index token operated by the Index Coop protocol. Although innovative, the inner workings of ETH2x-FLI are complex and, therefore, should be thoroughly understood before investing. Here are a few key aspects of the project worth considering:

  • Innovative index product: ETH2x-FLI is a token that will provide the holder with 2x leveraged exposure to the ETH cryptocurrency. All market movements experienced on Ethereum will be amplified with the ETH2x-FLI token without the user needing to worry about liquidation risks. While doubling the returns if price increases, the token will also double losses if the price of ETH falls.
  • Use of ETH2x-FLI within DeFi: As an ERC-20 token, ETH2x-FLI can be utilised within a range of DeFi applications, such as Uniswap. By depositing the token into a liquidity pool users can earn transaction fees from the chosen DeFi platform while maintaining the 2x leveraged position on ETH. Impermanent loss can be reduced by providing liquidity to a pool such as ETH2x-FLI - ETH.
  • Dependency on Compound: The existence of ETH2x-FLI depends on the decentralised finance protocol, Compound. All ETH assets are deposited into Compound to access USDC, which is then reinvested to buy more ETH. If anything happens to the Compound Finance protocol, the subsequent effects on ETH2x-FLI are unknown and could be catastrophic. Before purchasing ETH2x-FLI it might be worth researching Compound and becoming familiar with how the protocol operates.

Today's Index Coop - ETH 2x Flexible Leverage Index price versus ATH

Compare today's price of Index Coop - ETH 2x Flexible Leverage Index ($12.96 USD) against its all-time-high price of $751.65 USD on 16 March 2021. The closer the bar is to 100%, the closer ETH2X-FLI is to reaching its ATH again.

Index Coop - ETH 2x Flexible Leverage Index's price: $12.96
ATH date: March 16, 2021

Index Coop - ETH 2x Flexible Leverage Index ATH: $751.65

How to trade, convert or sell Index Coop - ETH 2x Flexible Leverage Index

You can convert or sell your ETH2X-FLI with the same exchange you bought it through:
  1. Sign in to the exchange you have ETH2X-FLI on.
  2. If you store your Index Coop - ETH 2x Flexible Leverage Index in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of ETH2X-FLI you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Index Coop - ETH 2x Flexible Leverage Index.
  6. Complete your transaction and move your ETH2X-FLI to a wallet for storage.

Disclaimer: Cryptocurrencies, including Index Coop - ETH 2x Flexible Leverage Index, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ETH2X-FLI is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Index Coop - ETH 2x Flexible Leverage Index or any other cryptocurrency discussed.

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