OPNX, the new cryptocurrency exchange started by the founders of Three Arrows Capital (3AC), created just $13.64 in volume on its first day of trading. The exchange opened trading on Tuesday. It aims to tokenize users' claims to bankrupt crypto companies, allowing them to use bankruptcy claims as collateral to trade perpetuals.
OPNX CEO Leslie Lamb said in a tweet that the lack of liquidity is because there are no internal market makers for the exchange and its not giving preference to external market makers. Lamb added that a public marketing program will be rolled out to spur liquidity.
The function of claims trading for Celsius, FTX, and other estates has not yet rollout by the exchange.
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Exchanges
Three Arrows Capital
