{"id":37224,"date":"2024-09-04T15:41:01","date_gmt":"2024-09-04T15:41:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/former-mt-gox-ceo-mark-karpeles-to-launch-ellipx-crypto-exchange\/"},"modified":"2024-09-04T15:41:01","modified_gmt":"2024-09-04T15:41:01","slug":"former-mt-gox-ceo-mark-karpeles-to-launch-ellipx-crypto-exchange","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/former-mt-gox-ceo-mark-karpeles-to-launch-ellipx-crypto-exchange\/","title":{"rendered":"Former Mt. Gox CEO Mark Karpeles to launch EllipX crypto exchange"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Former-Mt.-Gox-CEO-Mark-Karpeles-to-launch-EllipX-crypto-exchange-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Former-Mt.-Gox-CEO-Mark-Karpeles-to-launch-EllipX-crypto-exchange-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Former-Mt.-Gox-CEO-Mark-Karpeles-to-launch-EllipX-crypto-exchange-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Former-Mt.-Gox-CEO-Mark-Karpeles-to-launch-EllipX-crypto-exchange-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Mark Karpeles to launch EllipX crypto exchange in Europe.<\/li>\n<li>EllipX will comply with EU MiCA regulations, offering a crypto-only platform at launch.<\/li>\n<li>Former Mt. Gox users will get a 50% trading fee discount tied to NFTs as a goodwill gesture.<\/li>\n<\/ul>\n<p>Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is set to launch a new cryptocurrency exchange, EllipX, this September in Poland.<\/p>\n<p>The 39-year-old entrepreneur is determined to re-enter the crypto world with a platform designed to prioritize transparency, security, and user-friendliness, aiming to help newcomers navigate the complex world of digital assets.<\/p>\n<p>According to a <a href=\"https:\/\/x.com\/MagicalTux\/status\/1829552687215722745\">statement<\/a> issued on X, Karpeles says that he is launching EllipX Exchange to \u201cshow that exchanges can be more secure and transparent.\u201d<\/p>\n<h2>Mark Karpeles targets European users with EllipX<\/h2>\n<p>EllipX will initially serve European users, with plans to expand globally. The exchange will start as a crypto-only platform, with the potential to add banking and fiat services later.<\/p>\n<p>Karpeles has emphasized that EllipX will fully comply with the European Union\u2019s Markets in Crypto-Assets Regulation (MiCA), reflecting a strong commitment to regulatory adherence in an industry where compliance is often a contentious issue.<\/p>\n<p>Karpeles plans to implement regular third-party audits and involve third-party clearing houses like BitGo to ensure secure and transparent transactions.<\/p>\n<p>Notably, EllipX will compartmentalize its operations, drawing inspiration from the New York Stock Exchange\u2019s structure. This innovative approach will see the exchange divided into different entities, with a broker side dealing with customers, a matching side handling trades, and a storage side responsible for storing crypto and fiat.<\/p>\n<p>This structure aims to eliminate the opacity that often plagues smaller exchanges, distinguishing EllipX from its competitors.<\/p>\n<h2>50% discount on trading fees for former Mt. Gox users<\/h2>\n<p>In a bid to rebuild trust with those affected by the Mt. Gox collapse, Karpeles is offering a 50% discount on trading fees at EllipX for former Mt. Gox users.<\/p>\n<p>This discount is tied to non-fungible tokens (NFTs), dubbed \u2018MtGoxNFT,\u2019 released for Mt. Gox users a few years ago. While only a small number of the million affected users have claimed these NFTs, Karpeles hopes this gesture will help him reconnect with the community.<\/p>\n<p>Karpeles will serve as the Chief Technical Officer of EllipX, overseeing all technical aspects of the exchange which aims to aims to set a new standard for transparency and security.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/former-mt-gox-ceo-mark-karpeles-to-launch-ellipx-crypto-exchange\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Mark Karpeles to launch EllipX crypto exchange in Europe. EllipX will comply with EU MiCA regulations, offering a crypto-only platform at launch. Former Mt. Gox users will get a 50% trading fee discount tied to NFTs as a goodwill gesture. Mark [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":37225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37224"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=37224"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/37225"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=37224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=37224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=37224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}