LXDX announces to launch a cryptocurrency exchange that will offer high finance institutional tools to all investors. LXDX is a firm that provides high-performance exchange services and technology. The firm is led by former SpaceX automation and propulsion engineer, Joshua Greenwalt. Joshua was also the founder of the high-frequency trading firm, Greenlight Trading.
LXDX Chief Operating Officer, Will Roman said that the lack of access to liquidity plagues the existing crypto exchanges. He further added that inadequate security protocols, sub-standard order matching times and market fragmentation drive institutions away from exchanges to over-the-counter venues.
LXDX intends to resolve these issues by offering high-frequency trading capabilities, institutional requirements and smart routing. Under high-frequency trading capabilities, it will offer proprietary hardware, dedicated collocation and full order lifecycle latencies sub 50 microseconds. Under institutional requirements, it will offer industry standard market surveillance, full KYC and AML policies, multi-layer secure cold storage and compliant dark pool trading. Under smart routing, it will offer algorithmic liquidity provision across the LXDX network of dark pools and other top crypto exchanges.
LXDX cryptocurrency exchange CEO Joshua said that the company’s mission is to make capital markets better. He mentioned that LXDX is working with a marquee group of organizations including global law firm DLA Piper, San Francisco crypto hedge fund Autonomous Partners and Aon in London, as stated in the LeapRate report.
LXDX has recently relocated to the cryptocurrency-friendly country of Malta, which has stylized itself as Europe’s “Blockchain Island”. By relocating to the island country, LXDX will be joining a number of top exchanges such as Binance, OKEx and ZB.com.
LXDX is also seeking to entice institutional investors such as endowments, pensions and hedge funds into the cryptocurrency markets. This is, in fact, a development that market analysts like Mike Novogratz had said will spur the next cryptocurrency Bull Run, as mentioned in the CCN report.
Apart from the LXDX cryptocurrency exchange, recently, a crypto asset investing platform, Voyage also launched an institutional brokerage arm led by an ex-Deutsche Bank executive. The Voyage was founded by a former E*Trade executive and Uber’s first CTO.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]