The LXDX Exchange: What's All the Buzz About?
September 17 2018 - 1:09PM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
September 17, 2018 -- ADVFN Crypto NewsWire -- As of today,
news started hitting just about every Crypto news outlet
full-force, about a former Tesla employee starting a Crypto
exchange called LXDX. What is not usually clear from the headlines
and summaries is exactly what might make this exchange special. How
can any new Crypto exchange hope to succeed in the face of the
Binances and the Coinbases of the world?
According to Cointelegraph’s press
release on the subject, LXDX has already been on the market as an
exchange for institutional investors, which has given it a unique
idea of how to expand its offering to the public or, individual
investors.
In a general sense, Joshua
Greenwald, the founder who used to be a SpaceX engineer, plans to
put the power of institutional investing tools into the hands of
the average consumer as well as teach these new users how to use
these tools most effectively.
With this, it could be extrapolated
that their overall goal is to level the investing playing field in
the Cryptocurrency space, at least in terms of the investor’s tool
kit, as mentioned above. What remains a bit unclear is exactly why
they would choose to do this, from a business
standpoint.
As the news seems to have just
broken today, it is hard to definitively tell what their motivation
is at this point. Greenwald did reportedly mention that LXDX is
looking to lead the way in terms of connecting Cryptocurrency
networks to the existing structures or infrastructures that are
used by the majority of institutional investors to trade. In the
same vein, one could speculate that LXDX is looking to be some sort
of first mover for changing the way that non-institutional
investors trade, based on their goals with investor toolkits, as
well.
In the end, the only way to truly
tell what is motivating such an altruistic move is to watch as
LXDX’s new platform launches as well as track their next press
releases. In the end, it is safe to say that LXDX saw a business
opportunity in terms of gaining market share where others have so
far failed to do so.
By: BGN Editorial Staff
News:
Cryptocurrency
Exchange
LXDX
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