- Transparency and Security: Key Aspects of EllipX
- Benefits for Former Mt. Gox Users
- A New Beginning for Mark Karpeles
Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is making a notable return to the cryptocurrency industry with the launch of a new trading platform called EllipX. Based in Poland, EllipX is initially aimed at serving European users and complying with EU regulations.
Transparency and Security: Key Aspects of EllipX
EllipX will begin as a crypto-only platform with future plans to include banking and fiat currency services. The platform aims to fully comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations and undergo regular third-party audits to ensure transparency and user trust. Karpeles emphasized the importance of improved security protocols and the use of advanced technologies for digital asset custody.
Benefits for Former Mt. Gox Users
EllipX is offering special terms for former Mt. Gox users, providing them with at least a 50% discount on trading fees. The discount is linked to non-fungible tokens (NFTs) that Karpeles previously released for former Mt. Gox users. However, only a small fraction of the estimated one million affected users have claimed these NFTs.
A New Beginning for Mark Karpeles
The launch of EllipX marks a significant step in Karpeles’ journey to rebuild his reputation in the crypto industry. By adhering to regulatory standards and implementing new security measures, Karpeles aims to create a trustworthy platform.
EllipX represents a significant milestone in Mark Karpeles’ effort to regain trust in the crypto community. With a focus on security, regulatory compliance, and user benefits, the new exchange aims to stand out in a crowded market where user trust is a key success factor.
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