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Crypto derivatives exchange LXDX opens early access registration

Crypto derivatives exchange LXDX opens early access registration

 LXDX, a digital asset exchange focusing on derivatives based on underlying cryptocurrency assets, announced that it has opened platform access ahead of launch next month. Traders are able to create accounts and begin regulatory Know Your Customer (KYC) processes before live trading begins.

LXDX is currently conducting a Security Token Offering that provides accredited investors the opportunity to back the company in exchange for real equity and dividend rights to a share of gross revenues, and is also backed by notable venture capital firms.

The exchange will be offering derivative products for speculative and hedge trading on crypto assets with smaller upfront commitments than found in typical spot trading. LXDX will be the first exchange that allows for derivatives trading on Ethereum (ETH) and Ripple (XRP), and will also offer Bitcoin-based (BTC) products.

“Crypto needs trading venues that give traders the option to both speculate on volatility, and also hedge against price movements in the opposite direction. We’ve seen recently a large downside devaluation that the majority of investors have had no way to protect themselves from. The addition of derivative products will surely make our crypto markets healthier. We’re excited to be opening our doors to traders on the LXDX platform for account creation and early access.”

Joshua Greenwald, CEO of LXDX

Greenwald, formerly of DRW, Laurion Shanghai, and SpaceX, is joined by other finance and technology industry veterans on the LXDX leadership team. As a result, the exchange is built to institutional standards of speed and security that are not found elsewhere in crypto markets.

“We built LXDX from the ground up in highly optimized C++ on proprietary hardware configurations that allow for system execution latencies orders of magnitude faster than what’s out there today.  Our asset storage solutions use combinations of cold and hot wallets protected by multi-layer security frameworks and protocols.”

Steven Thomas, a former Department of Defense cryptologist and CTO of LXDX
Source:LXDX

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