AQX is a brand new crypto trade planning to enter the market. Its group has lately introduced the official opening of its platform in mid-Might, and buyers ought to control this new product.
Presto Labs is an early backer of the mission, and the AQX mission can be catching the curiosity of in style VCs and companions. We will anticipate to see extra partnerships bulletins from AQX within the coming weeks.
Introducing AQX Alternate
The founding group defined that the acronym AQX stands for “Entry, High quality, and Xtraordinary,”. “Entry” signifies the accessibility to the DeFi world, “High quality” summarizes the 24/7 customer support, world-class safety, {and professional} buying and selling functionalities, whereas “Xtraordinary” describes the AQX group which has expertise within the crypto and conventional finance trade.
AQX goals to handle the next points:
- The shortage of enough threat safety for customers. Customers might discover themselves in extremely leveraged positions with out enough capital safety.
- The shortage of liquidity in most new exchanges. New exchanges steadily expertise a scarcity of liquidity.
- Customers are unable to completely maximize the usage of their DeFi property. Customers’ locked property can’t be totally utilized.
AQX was constructed primarily to resolve these points which the group believes are stopping the trade from actually going mainstream.
As customers themselves, the AQX group understands the significance of threat safety particularly if leverage is used. That’s the reason AQX has developed its personal distinctive liquidation system to guard customers from market dangers and threats.
AQX is backed by Presto Labs — a number one liquidity supplier to crypto exchanges on this planet — to make sure liquidity on its platform. Additional particulars on Presto Labs may be discovered beneath.
As for permitting customers to completely maximize the usage of their DeFi property, AQX introduces a multi-collateralized pockets that provides customers choices to extend the effectivity of the capital.
AQX is ready to carry these ideas to completely useful options due to its world-class group. Its group hails from a few of the world’s most famed establishments together with MIT, KAIST, NUS and SNU. From blockchain engineering to institutional gross sales to product administration, this group has additionally a variety of experience working with a few of the world’s hottest cryptocurrency exchanges.
AQX Is Launching Quickly
AQX is preparing for its official launch in Mid Might. Customers can anticipate to have the partial liquidation system, excessive liquidity and tight market spreads, multi-collateralized wallets and extra accessible on the AQX platform from day one.
About Presto Labs
Established in Singapore in 2014, Presto Labs is a world quantitative buying and selling startup. The group creates algorithmic choice procedures in an effort to obtain what no human dealer might ever do in in the present day’s fast-changing and very sophisticated monetary market.
Understanding Presto Labs is prime to evaluating the AQX mission. Presto Labs has a each day common buying and selling quantity of over $3 billion, reaching $1,100 billion in buying and selling actions final 12 months. To present some context, Presto Merchants is ranked High 10 in FTX’s High 100 Merchants by 30-Day Maker Quantity leaderboard.
About AQX
AQX is the crypto gateway for retail merchants and establishments. It gives contributors an all-in-one platform to purchase, promote, commerce, and study crypto.
At its core, AQX is a cryptocurrency trade, and the corporate leads the trade with a mix of unmatched engineering excellence, world-class safety, and superior buying and selling options to offer buyers with complete companies to handle their digital property portfolios.
You’ll find out extra about AQX on its official web site and the social media channels listed beneath.
Twitter | Telegram (announcement) | Telegram (group) | Discord | LinkedIn | Instagram | Fb
Media Contact:
Contact Identify — Alson, CMO
E-mail — media@aqx.com
Firm — AQX
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