Competition is heating up in the world of cryptocurrency exchanges. Former SpaceX engineer Joshua Greenwald is exploring a new venture in this industry. The new firm will go by the name of LXDX and offer institutional tools to all investors.
SpaceX Engineer Goes Crypto
The cryptocurrency ecosystem attracts attention from all kinds of industries. Wall Street talents seek greener pastures in the world of Bitcoin and altcoins. It now seems former SpaceX employees are all too aware of how this industry continues to grow and expand. Joshua Greenwald plans to launch his new exchange platform under the LXDX banner. He explains his vision for the exchange as follows:
The mission of LXDX is to make capital markets better. Our immediate focus is on cryptocurrency and enabling every investor to utilize the exclusive tools, like smart order routing, that only institutions previously could access. When we built top-tier infrastructure for traditional markets, our team solved many of the same problems facing cryptocurrency exchanges today. We are excited to bring a higher caliber of technology to cryptocurrency investors everywhere.
This is not the first venture in the financial sector for Greenwald. He is also the founder of high-frequency trading firm GreenLight Trading. Bringing that expertise to the cryptocurrency industry will result in more advanced trading tools for consumers all over the world. LXDX’s main mission is to bring institutional tools of high finance to the cryptocurrency investor world.
A Growing Cryptocurrency Ecosystem
The involvement of a former SpaceX engineer shows cryptocurrency is in a good place. Numerous firms and enthusiasts are exploring business opportunities in this industry. There is a multitude of options to explore in this regard. Demand for access to Bitcoin and altcoins is on the rise, especially among institutional traders.
It is commendable to see how former SpaceX engineer Joshua Greenwald wants to offer a public exchange. Rather than catering to just institutional traders, he brings LXDX to the general public. More importantly, users of this platform will have access to all of the advanced tools often found in the institutional scene, such as multi-layer secure cold storage, industry standard market surveillance, and compliant dark pool trading. Whether or not there is a demand for such services remains to be determined.
More competition among cryptocurrency trading platforms is a positive trend. Several companies have cemented their legacy in this industry. However, competition keeps innovations going, and consumers win by more choices and better features.
What do you think about LXDX bringing institutional tools to everyday investors? Let us know in the comments below.
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