MT GOX' FORMER CEO IS LAUNCHING A BRAND-NEW CRYPTO EXCHANGE
- According to today reports, the former-CEO of the #MtGox exchange is launching an entirely new crypto exchange platform, called EllipX.
- The exchange will be based in Poland, will comply with Europe’s new MiCA regulations, and will begin by serving European users. However, it plans to expand this user base in the future, according to Cointelegraph.
- What’s more, in an effort to regain the trust of those affected by the well-known Mt Gox saga, EllipX will offer the exchange’s past users a fee discount of at least 50%, said Mark Karpeles in an interview with the publication.
- Despite being targeted with threats after the infamous 2014 bankruptcy of the Mt Gox exchange, Karpeles is optimistic about community response to the news.
“I didn’t even expect to be at a Bitcoin conference ever again related to crypto… a couple of years later, people actually came to me and told me, hey, why don’t you come do a lecture at our conference”, the founder told Cointelegraph.
- The news comes just two months after Mt Gox began repayments to its former-customers.
- Said repayments began at the start of July 2024 and will see/have seen creditors repaid sums totalling as much as $7-8 billion worth of assets, predominantly in $BTC, per a Bloomberg report.
