Engineer SpaceX Launches Cryptocurrency Exchange Of Institutional Level
Joshua Greenwald, who spent more than ten years as a trader before his stay at SpaceX, founded the LXDX crypto exchange, which seeks to make the class of the emerging asset more accessible to institutional investors, and also to provide individual investors with professional trading tools.
LXDX received funding from such firms as venture capital unit Dymon Asia Capital, an investment group of $ 4.9 billion, based in Singapore. Recently, LXDX has moved to Malta, a country using cryptocurrency, which has stylized itself as the world’s first “Blockchain Island” in Europe. At the same time he joins a number of exchange heavyweights, such as OKEx, Binance and ZB.com.
The startup also joins a growing race among firms seeking to attract institutional investors, such as pensions, donations and hedge funds to cryptocurrency markets, which, according to analysts, including Mike Novogratz, will spur the next large trial turnover of the cryptocurrency.