Trading news

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.

Linked pages

Related news

Related people

Chief Executive Officer at LXDX
Rating
2100 of 2707
Chief Executive Officer of Galaxy Digital
Rating
79 of 2707

Related companies

SpaceX designs, manufactures and launches the world’s most advanced rockets and spacecraft
Rating
374 of 450
An institutional-grade cryptocurrency trading platform
Rating
117 of 450
Dymon Asia Capital is a leading Asia focused alternative investment management firm
Rating
373 of 450
Binance is an international, multi-language cryptocurrency exchange
Rating
2 of 450
OKEx is a digital asset exchange that provides financial services to global traders who use blockchain technology
Rating
17 of 450