Open Exchange (OPNX), a new cryptocurrency exchange project proposed by 3AC and CoinFLEX, has now officially launched its website and waitlist.
The project claims to be the world’s first public marketplace for crypto claims trading and derivatives. The new exchange aims to provide real-time public cryptographic audits to ensure the safety of all user funds.
The new project was born out of the desire of 3AC founder Zhu Su to atone for and recover from past mistakes. In June and July of last year, the crypto hedge fund 3AC went bankrupt following losses from the Terra Luna network collapsing.
The launch of OPNX is seen as an attempt to make amends and to use the lessons learned from the past to advance the crypto industry.
OPNX will initially begin as a claims trading service, but will later expand to include FX, stocks, and innovative products on its platform. This expansion aims to provide “the best of cefi and defi combined,” according to Zhu Su.
The proposal for the new exchange was leaked on January 16, causing a public outcry among some CoinFLEX creditors. However, CoinFLEX attempted to allay these fears by claiming in a blog post that the new exchange would be beneficial for both customers and creditors.
In conclusion, Open Exchange (OPNX) is a new cryptocurrency exchange project that aims to provide a safe and secure platform for trading crypto claims and derivatives.
The project is a result of the efforts of 3AC and CoinFLEX to recover from past mistakes and to advance the crypto industry. The exchange is set to launch soon, and its official website and waitlist are now available for interested users.