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Alternative Market Briefing

Elon Musk's SpaceX engineer starts own crypto exchange

Tuesday, September 18, 2018

Laxman Pai, Opalesque Asia:

Joshua Greenwald, a former engineer with Elon Musk's aerospace manufacturer SpaceX has launched LXDX, which he claims to be institutional-grade public digital currency (cryptocurrency) exchange.

As an engineer at SpaceX, Greenwald was charged with spearheading automation and propulsion on the aerospace startup's Moonraker project.

Now he founded a cryptocurrency exchange, LXDX that seeks to make the nascent asset class more accessible to institutional investors while also providing individual investors with professional-grade trading tools said a statement in Leaprate.

The official website says that it is an "institutional-grade exchange platform for digital currencies" which offers "Fully redundant, chaos-tested systems" and "Binary, MT5, FIX, and REST connectivity and specialized order types".

The launch move hits the market at a time institutions have become a target for the digital assets.

Finextra quoted Greenwald as saying that the existing cryptocurrency exchanges have been handicapped by lack of access to liquidty, substandard matching times, inadequate cybersecurity and a market fragmentation that has driven away potential investors.

The LXDX exchange will aim to address these deficiencies by providing some of the features more associated with professional and institutional traders, he said. The accompanying promotional material certainly mentions all the features and terms that would be expected of suc......................

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