If Hong Kong-based startup AAX is to be believed, that situation will change relatively soon.
AAX has Big Crypto Ambitions
The primary objective of this platform is to remove trading delays whenever possible. The core matching engine, utilized by bourses around the world, should help significantly in this regard.
Competition continues to heat up among cryptocurrency exchanges. Existing platforms need to remain relevant, whereas newcomers often struggle to gain traction.
From a technical point of view, AAX seems to pack quite a punch. Convincing existing traders to switch to this new platform will be a crucial challenge.
The focus on institutional investors may not pay off either. So far, any venture catering to institutional traders has seen little to no real success during the initial stages.
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