This post was originally published on Coinspeaker
The crypto industry is currently in a phase where investors prioritize transparency and robust security.
With Mt.Gox repayment out of the way, Mark Karpeles, the former CEO of the beleaguered cryptocurrency exchange, has moved forward to new ventures. The 39-year-old businessman plans to debut a new crypto exchange EllipX in Poland, Europe, this September. Karpeles noted that the firm is currently working on maintaining compliance with the EU Markets in Crypto Assets (MiCA) rule.
EllipX Exchange to Uphold Transparency and Security
On Wednesday at the Korea Blockchain Week event in Seoul, Karpeles clarified that the new platform will focus on transparency and user-friendliness. This new crypto exchange is keen on helping newbies in the crypto ecosystem to adapt seamlessly.
The exchange plans to compartmentalize its different working bodies to achieve its desired transparency. The crypto entrepreneur noted that an exchange could have a broker side dealing with customers in today’s market.
It could also have a matching side and a storage side, which involves storing crypto and fiat. Rather than the regular crypto outlook, he further explained that the trading platform will have a structure similar to that of the New York Stock Exchange.
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