LXDX, a cryptocurrency exchange, declared on August 10 that it has got support from Dymon Asia Venture Capital Fund LP for making its platform more accessible to masses. The latter is helping LXDX to expand into new markets.
Apart from Dymon Asia Venture Capital Fund LP, the trading platform also has other advisors like ProChain Capital’s Justin Litchfield, Arianna Simpson, cryptocurrency author and investor, and Alex Disney to make its platform widely accessible.
LXDX is a cryptocurrency exchange includes software solution, which enables private exchanges as well as public retail exchanges to take leverage of block trading for institutional investors. It has a strong focus on conventional markets like hedge funds and investment banks.
Meanwhile, Dymon Asia Ventures has about 4.9 billion USD under its management at present. The firm is backing LXDX to spread its wings to new and unexplored markets.
John Hazen, the CFO and co-founder of LXDX, shared that average users can now get involved in big deals. They will also enjoy improved prices as compared to other platforms.
The main capabilities of the platform include high volume and transaction speed. These are the two factors that are the major roadblocks for the mass adoption of digital currencies.
Some More Details About LXDX
LXDX, the cryptocurrency exchange, has been designed in a highly sophisticated C++ programming language. Its architecture has been hosted on the company’s hardware that is located in the datacenters of a primary market like SG1.
Plus, the policy and the engineering have been devised with complete commitment fairness and not simply performance. These powerful features allow the operators to close the gaps between institutional and retail traders and market makers. A crucial move to achieve the mainstream recognition of cryptocurrency is to make the technology support high-frequency trading and extremely fast transactions.
According to VentureBeat, the cryptocurrency exchange (LXDX) also looks forward to offer the merits of decentralization to its users. Blockchain technology can be the proper approach for this market instead of traditional investment exchanges and platforms.
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