The founders of the bankrupt Three Arrows Capital (3AC) launched the new cryptocurrency exchange.
Founder of Three Arrows Capital Zhu Water A recent Twitter shared by in your post, It announced the launch of a cryptocurrency exchange called Open Exchange. Open Exchange, which aims to provide solutions to money lost in bankrupt crypto firms, including bankrupt 3AC itself. to a $20 billion demand market aims to serve.
Exchanges within the scope of Open Exchange’s liquidity and market target FTX, BlockFi, Genesis, Celsius, Mt. gox, Voyager, Hodlnaut And 3AC was stated. On the other hand, the representation of such a bankruptcy wreck and the attempt to revive it. Reacted by many users.
In the post he shared, Su, which included the development process and vision of the stock market, helping investors and building a safer future He stated that they took this step with the wish:
We talked to creditors about a few plans. Everyone we consulted stated that it was the wisest way to use our available resources. All the bitter lessons and experience will help us improve crypto.
3AC founders Water and Kyle DaviesCrypto exchange under development of Open Exchange CoinFlexHe worked with the founding partners of . This collaborative team has implemented the new project for crypto trading claims and derivatives. world’s first public marketplace launched as
The exchange, which uses the technology of CoinFlex for its infrastructure services, also thanks to the native token belonging to the exchange. obtaining loans and earning interest income options will be provided.
The name of the exchange was initially determined as GTX, a variation of the letterplay of FTX. However, after the reactions, the name Open Exchange was decided at the last stage.