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- Open Alternate is now providing buying and selling of chapter claims held by clients of FTX and Celsius.
- The chapter claims buying and selling platform is providing speedy liquidity to stranded claims holders.
- OPNX lately partnered with Hong Kong Digital Asset Alternate and obtained a license in Spain.
- OPNX was co-founded by Su Zhu and Kyle Davies, the boys behind the defunct crypto hedge fund Three Arrows Capital.
Open Alternate (OPNX) is shopping for chapter claims held by clients of FTX and Celsius Community. OPNX rolled out claims for bankrupt crypto trade FTX and crypto lender Celsius greater than a month after it initially introduced the characteristic for its customers. The trade’s native token OX gained greater than 3% following the newest growth. On the time of writing, the token was buying and selling at $0.31.
Open Alternate Companions With Hong Kong Digital Asset Alternate
Open Alternate took to Twitter earlier in the present day to announce that FTX chapter claims have been stay on its claims buying and selling platform. OPNX inspired stranded FTX clients to onboard their chapter claims and provided speedy conversion to its native token OX. This token may also be used to commerce futures on the crypto trade. FTX owes roughly $8 billion to its clients, whereas Celsius owes greater than $4 billion. Nonetheless, it’s unlikely that each one of those chapter claims will attain OPNX.
“With declare tokenization, we’re providing clients speedy liquidity, the prospect to regain management over their funds and take part in market alternatives as soon as once more,”
Mark Lamb, Founding father of Open Alternate
In different information, Open Alternate introduced on July 13, 2023, that it had entered right into a strategic partnership with Hong Kong Digital Asset Alternate, which allowed the trade to grow to be a licensed entity in Spain. The Cayman Island-registered agency was co-founded by Su Zhu and Kyle Davies, the boys behind the defunct crypto hedge fund Three Arrows Capital. They partnered with CoinFlex co-founders Mark Lamb and Leslie Lamb to launch OPNX earlier this yr.
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