Open Exchange (OPNX) Announces Closure Amid Regulatory Challenges
OPNX shuts down, citing regulatory hurdles and financial penalties. Users urged to settle positions and secure assets before the February 14 deadline.
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OPNX shuts down, citing regulatory hurdles and financial penalties. Users urged to settle positions and secure assets before the February 14 deadline.
At last week's Token2049 conference, OPNX CEO Leslie Lamb gave a speech on what the new kid on the block has to offer.
The exchange attributed Market Maker Program for the trading volumes.
OPNX said it is exploring a more transparent market making model, adding its bankruptcy claims trading is not yet live.
Three Arrows Capital co-founders Su Zhu and Kyle Davies launched a new bankruptcy claims trading marketplace to trade claims of bankrupt crypto firms like FTX and Celsius.
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