Ex-Mt. Gox CEO Returns with EllipX, Promises User-Friendly Platform

  • Mt. Gox’s former CEO, Mark Karpeles, plans to start a new crypto exchange, EllipX, in Europe.

  • The exchange will focus on transparency, user-friendliness, and MiCA compliance.

  • Karpeles will be the firm’s chief technology officer and assures technical transparency.

Mark Karpeles, formerly at the helm of the now-defunct crypto exchange Mt. Gox, is set to launch a new crypto platform, EllipX, in Europe, with its base in Poland. Speaking at the Korea Blockchain Week event in Seoul, South Korea, Karpeles revealed that the new exchange, slated for launch this month, aims to prioritize transparency, user-friendliness, and MiCA compliance.

Former Mt. Gox CEO’s new crypto exchange set to launch this month with 'transparency' focus https://t.co/ngsvd7jsdq

— The Block (@TheBlock__) September 4, 2024

With this new venture, Karpeles hopes to bring transparency to crypto customers, particularly those who are new to the industry. He pointed out the prevalent lack of clarity in the space, stating that the community is often disconnected from the history and leadership of crypto companies, with the exception of major platforms like Binance and Coinbase. Karpeles beli…

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