The founders of bankrupt Three Arrows Capital (3AC) announced the launch of their own exchange called Open Exchange.
“Open Exchange is the world’s first exchange for trading bankruptcy filings and cryptocurrency. Users will have access to both spot and futures trading. Customers can also use their claims to BlockFi, Celsius, FTX, Genesis, Mt.Gox, Voyager, 3AC as collateral for cryptocurrency futures trading,” the company said.
According to the developers, Open Exchange will be the most radically transparent centralized exchange in the world.