A new crypto exchange project by 3AC and CoinFLEX is making waves in the crypto industry with the launch of its official website and waitlist on February 9.
The exchange, named “Open Exchange (OPNX),” promises to be the world’s first public marketplace for crypto claims trading and derivatives.
The project was born from the aftermath of the collapse of the crypto market and the bankruptcy of 3AC in July. The founders of 3AC, Zhu Su, expressed that the new exchange aims to recover from past mistakes and advance the crypto industry through its innovative features.
OPNX will provide real-time public cryptographic audits to ensure the safety and security of all user funds. The platform will initially start as a claims trading service and later expand to include FX, stocks, and other innovative products, offering the best of both traditional finance and decentralized finance.
In January, the proposal for CoinFLEX and 3AC to create a new exchange was leaked to the public, causing a stir among some CoinFLEX creditors.
However, CoinFLEX reassured its customers and creditors in a blog post, stating that the new exchange would bring benefits to all parties involved.