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Ex-SpaceX engineer establishes cryptoexchange of institutional grade

Ex-SpaceX engineer establishes cryptoexchange of institutional grade
Sep 18, 2018 by Rico Wise

Greenwald, who has worked at SpaceX over a decade, has went on to create LXDX, a cryptoexchange that aims to improve the accessibility of digital currencies to institutional financiers, as well as offer trading instruments of advanced level to individual financiers.

The cryptoexchange has been financed by such companies as Dymon Asia Capital, which is a Singaporean financing group with almost 5 billion dollars of capital. The LXDX exchange has recently moved its operations to the crypto-friendly island of Malta, thereby joining the ranks of high-profile cryptoexchanges, such as Binance and OKEx.

The project also enters the fray of companies aiming to attract institutional financiers, such as endowments, hedge funds, and pensions to the cryptomarkets, which, according to Mike Novogratz, is going to incite the upcoming great bullish movement of digital currencies.

Overall, the cryptocommunity is preparing to welcome the inflow of funds coming from institutions rather than just retail financiers.

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