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OPNX CEO: No internal market-making activities, FTX creditor registration process will be further optimized

Sep 19, 2024 10:50:19

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ChainCatcher news, the one-stop exchange OPNX's official Twitter summarized the responses of its CEO Leslie Lamb in an interview regarding questions about OPNX's trading volume, FTX debt registration, trust mechanisms, and compliance.

Regarding trading volume, Lamb pointed out that OPNX offers a generous market maker program aimed at building a diverse user base, and OPNX itself does not engage in internal market making. The FTX debt registration process will be further optimized, allowing users to easily convert FTX debt points into tokens for trading. In terms of trust mechanisms, OPNX uses oUSD as a credit currency, achieving on-chain isolation of collateral, enabling traders to understand the platform's health at any time. Regarding compliance, Lamb stated that OPNX will maintain ongoing dialogue with local regulatory authorities to ensure compliance and legality.

At the same time, Lamb also noted that while ensuring transparency, OPNX will continuously increase liquidity to promote more traders and institutions to participate, and is still expanding its market presence in Southeast Asia. (source link)

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