AQX is a brand new crypto trade planning to enter the market. Its workforce has not too long ago introduced the official opening of its platform in mid-Might, and buyers ought to regulate this new product.
Presto Labs is an early backer of the challenge, and the AQX challenge can be catching the curiosity of widespread VCs and companions. We will anticipate to see extra partnerships bulletins from AQX within the coming weeks.
Introducing AQX Alternate
The founding workforce 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 workforce which has expertise within the crypto and conventional finance trade.
AQX goals to deal with the next points:
- The shortage of enough threat safety for customers. Customers could discover themselves in extremely leveraged positions with out enough capital safety.
- The shortage of liquidity in most new exchanges. New exchanges ceaselessly expertise an absence of liquidity.
- Customers are unable to totally maximize using their DeFi property. Customers’ locked property can’t be totally utilized.
AQX was constructed primarily to unravel these points which the workforce believes are stopping the trade from really going mainstream.
As customers themselves, the AQX workforce 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 the earth — to make sure liquidity on its platform. Additional particulars on Presto Labs might be discovered under.
As for permitting customers to totally maximize using 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 totally useful options due to its world-class workforce. Its workforce hails from a number 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 workforce has additionally a variety of experience working with a number 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 out there on the AQX platform from day one.
About Presto Labs
Established in Singapore in 2014, Presto Labs is a worldwide quantitative buying and selling startup. The workforce creates algorithmic resolution procedures to be able to obtain what no human dealer might ever do in at this time’s fast-changing and intensely difficult monetary market.
Understanding Presto Labs is key to evaluating the AQX challenge. Presto Labs has a day by day common buying and selling quantity of over $3 billion, reaching $1,100 billion in buying and selling actions final 12 months. To offer some context, Presto Merchants is ranked Prime 10 in FTX’s Prime 100 Merchants by 30-Day Maker Quantity leaderboard.
About AQX
AQX is the crypto gateway for retail merchants and establishments. It presents 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 supply buyers with complete companies to handle their digital property portfolios.
You could find out extra about AQX on its official web site and the social media channels listed under.
Twitter | Telegram (announcement) | Telegram (group) | Discord | LinkedIn | Instagram | Fb
Media Contact:
Contact Identify — Alson, CMO
E-mail — media@aqx.com
Firm — AQX
