Mark Karpeles, the Former Mt. Gox CEO, has unveiled plans for a new crypto exchange EllipX. Scheduled to launch by the end of September 2024, EllipX will be headquartered in Poland and aims to set a new standard in the crypto exchange industry with a focus on transparency and user-friendliness.
Goals and Features of EllipX
This new crypto exchange EllipX promises to provide a more transparent trading environment compared to previous platforms. Mark Karpeles has stated that the new exchange will prioritize user experience, aiming to be as accessible and straightforward as possible for its users. This emphasis on user-centric design and clear communication is intended to address some of the issues that earlier troubled Mt. Gox.
As Mt. Gox approaches its closure, it holds about $44,899 in Bitcoin (BTC), totaling roughly $2.54 billion. Recently, Mt. Gox has returned over 68% of the $142,000 BTC it owed, leaving around 32% still to be distributed. This shows progress in resolving claims from its former users.
🔥 Former Mt. Gox CEO Set To Launch Crypto Exchange EllipX
— GemX Crypto (@gemx_crypto) September 5, 2024
⚡️ Mark Karpeles says new crypto exchange EllipX will be launched with the goal of being transparent and User-Friendly
📍 Crypto exchange EllipX, expected to launch in Europe by the end of September 2024, will be… pic.twitter.com/XFSyTzMbWt
Special Offer for Former Mt. Gox Users
In an effort to attract former Mt. Gox users, the new crypto exchange EllipX will offer a special “Transaction Fee Discount” to individuals who were previously affected by the Mt. Gox debacle. This incentive is part of Mark Karpeles strategy to rebuild trust and provide added value to users who experienced difficulties with their previous exchange.
Also Read: All About US Based Crypto Exchanges
With his new crypto exchange EllipX, Mark Karpeles is aiming to create a new chapter in the world of cryptocurrency exchanges.
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