KYN Capital Group (OTCPK:KYNC) fell as much as 17% out of the gate Friday even after the company announced that Phase 1 of its commission-free cryptocurrency exchange Koinfold is now available on the Apple App Store. The volatile small-cap sank to as low as $0.0155 in early trading before partly rebounding to $0.0169, down 15.4% on the session. The company added that it's begun working on Phase 2 of the Koinfold Exchange. KYNC said it expects completion of that by the end of Q4 2021 or early Q1 2022. Some of the enhancements in Phase 2 include SMS and Plaid integration, as well as additional coins to be made available and a newly enhanced interface. "KYN Capital Group is well positioned for strong revenue growth in 2022," and "our quest to become a Nasdaq-traded company remains our primary focus," said KYN Capital CEO Rick Wilson. In June, the company rolled out Koinfold Debit Card.
