Have Big Companies Invested In That Bitcoin Exchange? - Coinleaks
Current Date:November 7, 2024

Have Big Companies Invested In That Bitcoin Exchange?

cryptocoin.com As we reported, the new Bitcoin exchange, founded by the people behind the crypto hedge fund Three Arrows Capital (3AC), which went bankrupt in the past years, has announced its investor list! The “large investor list” from OPNX drew attention! Here are the details…

Bitcoin exchange OPNX has announced the list of major investors!

According to the company’s tweet on Friday, “big investors” of OPNX, a new exchange for bankruptcy claims processing set up by the folks behind failed crypto hedge fund Three Arrows Capital (3AC), include Susquehanna International Group (SIG) and DRW. high profile companies. Other backers include Taiwanese venture capital firm AppWorks, US options exchange MIAX Group, the Hong Kong arm of China Merchant Bank International and Saudi digital asset fund Tuwaiq.

https://twitter.com/OPNX_Official/status/164942685015685126

OPNX co-founder Kyle Davies, who also founded the now-bankrupt 3AC, has kept his mouth shut about the company’s backers in recent interviews. The exchange got off to a slow start, with low volume on the first day after going live. Since then, OPNX has surpassed $2 million in daily volume earlier this month, according to flexstatistics.

Some companies objected to the investor list

As you know, in the past years, the crypto hedge fund Three Arrows Capital (3AC) went bankrupt and went into debt to many of its investors. Now, the founders, who came back with the new stock market OPNX, are promising innovations to their investors. The particularly reputable list of investors illustrates the demand from traditional finance for crypto startups. In particular, the investor list shared by OPNX will make the stock market stand out even more.

But on the other hand, there are some companies that do not want to be on the shared investor list. According to the latest data cited, DRW said it is not an investor in OPNX, the bankruptcy claims exchange founded by the same people who founded the failed crypto hedge fund Three Arrow Capital (3AC). However, a company spokesperson said in a statement, “DRW is not an investor in OPNX and none of its affiliates are investors in OPNX.” This comes after OPNX included DRW on its list of “big investors” earlier on Friday.