With the blockchain technology and cryptocurrencies have accelerated their pace worldwide, why should crypto exchange lag behind? The formal announcement of launching the new crypto exchange by a former engineer who was with Elon Musk’s aerospace manufacturer, SpaceX claiming to have built a public digital currency exchange offering specific tools and services as per the institutional standard.
The crypto exchange has been created by LXDX based in Malta and governed by Joshua Greenwald. Further to the subject matter, Greenwald said: “existing cryptocurrency exchanges have been handicapped by lack of access to liquidity, substandard matching times, inadequate cybersecurity and a market fragmentation that has driven away potential investors.”
The mission of LXDX exchange to resolve all those deficiencies by offering certain valued added features associated with professional and institutional traders as commented by Greenwald. The features will be elaborated by promotional material in place. The exchange having all sorts of activities namely algorithmic trading, smart routing, dark pools, low latency, etc.
When the users and traders start utilizing LXDX with the enormous features in place of wholesale market to the virtual currency, they will realize how beneficial is to use LXDX that brings sufficient liquidity and manages potential volatility.
LXDX does not only have the crypto exchange facility in place, however, it has also gained tremendous insight by working with US-based crypto hedge fund – Autonomous Partners, DLA Piper, a global law firm Aon, an insurance broker. With this, LXDX is believed to have received some sorts of equity investment from Singapore based Dymon Asia Capital Fund.