A former SpaceX engineer has announced that his new company LXDX will launch a public cryptocurrency exchange, expanding services to serve a wide range of customers.
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Previously engaged in automation in SpaceX, Joshua Greenwald has since drawn attention to institutional cryptocurrency trading. Although Greenwald is already working for institutional investors, it now wants to connect the main consumer market:
Our immediate focus is to allow each investor to use exclusive tools when working with cryptocurrency, such as smart order routing, which previously could only be used by institutions
LXDX received support from a mixed investor package in August, chief among which was Dymon Asia Venture Capital Fund, after which the company confirmed its move to Malta last week.
It looks like the institutional investment sector is becoming an increasingly important focus for traditional financial heavyweights, as confirmed by Citigroup and Morgan Stanley's plans to start offering access to financial instruments. created on the basis of bitcoin.
"Cryptocurrencies are a whole new class of assets," Greenwald told Venturebeat after the announcement of the funding round in August, adding, " to the extent that they can be integrated into existing infrastructure, we are committed to facilitating this integration. We expect a large-scale adoption of tokenization."
Link to information resource - https://altstake.io/news/lxdx-predostavit-instrumenty-dlya-institucionalynyh-investorov-shirokoy-publike