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





 

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