Mt. Gox’s former CEO Mark Karpeles has launched a new cryptocurrency exchange named UNGox in Europe, focusing on user security and transparency.
User Security is a Priority
Mark Karpeles has identified user security as the top priority for UNGox. To compensate for the loss of trust following the bankruptcy of Mt. Gox in 2014, advanced security measures will be implemented in the new exchange. Karpeles expressed his aim to create a platform where users can securely store their crypto assets.
Focusing on the European Market
UNGox aims to initially operate in the European market. This decision is based on the more favorable regulatory environment of the European Union. Karpeles stated that the new platform will offer special services tailored to the needs of cryptocurrency users in Europe. Features such as a user-friendly interface and low transaction fees are highlighted in this context.
Transparency and Innovation
UNGox will adhere to the principles of transparency and innovation. Mark Karpeles emphasized that all transactions on the platform will be traceable and auditable. Additionally, various security certificates and audit reports will be published to ensure users’ trust in the platform. Innovative services aim to enhance users’ experiences.
News about UNGox indicates that Karpeles has learned lessons from his past experiences. Measures have been taken to prevent the mistakes that led to the collapse of Mt. Gox from being repeated in the operational structure of UNGox. Whether the platform can gain user trust in Europe will be seen over time.
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