AQX Gets Presto Labs Support in Launching its New Project

Singapore, April 12, 2022 (GLOBE NEWSWIRE) — Presto Labs is an early backer of the challenge, and the AQX challenge can also be catching the curiosity of well-liked VCs and companions. We can anticipate to see extra partnerships bulletins from AQX in the approaching weeks.

Introducing AQX Exchange

The founding crew defined that the acronym AQX stands for “Access, Quality, and Xtraordinary,”. “Access” signifies the accessibility to the DeFi world, “Quality” summarizes the 24/7 customer support, world-class safety, {and professional} buying and selling functionalities, whereas “Xtraordinary” describes the AQX crew which has expertise in the crypto and conventional finance trade.

AQX goals to deal with the next points:

  1. The lack of sufficient threat safety for customers. Users could discover themselves in extremely leveraged positions with out sufficient capital safety.
  2. The lack of liquidity in most new exchanges. New exchanges often expertise an absence of liquidity.
  3. Users are unable to completely maximize using their DeFi property. Users’ locked property can’t be absolutely utilized.

AQX was constructed primarily to resolve these points which the crew believes are stopping the trade from really going mainstream.

As customers themselves, the AQX crew understands the significance of threat safety particularly if leverage is used. That is why AQX has developed its personal distinctive liquidation system to guard customers from market dangers and threats.

AQX is backed by Presto Labs – a number one liquidity supplier to crypto exchanges in the world – to make sure liquidity on its platform. Further particulars on Presto Labs might be discovered beneath.

As for permitting customers to completely maximize using their DeFi property, AQX introduces a multi-collateralized pockets that provides customers choices to enhance the effectivity of the capital.

AQX is ready to convey these ideas to completely useful options due to its world-class crew. Its crew hails from among the world’s most famous establishments together with MIT, KAIST, NUS and SNU. From blockchain engineering to institutional gross sales to product administration, this crew has additionally a large vary of experience working with among the world’s hottest cryptocurrency exchanges. 

AQX Is Launching Soon

AQX is preparing for its official launch in Mid May. Users can anticipate to have the partial liquidation system, excessive liquidity and tight market spreads, multi-collateralized wallets and extra obtainable on the AQX platform from day one.

About Presto Labs

Established in Singapore in 2014, Presto Labs is a worldwide quantitative buying and selling startup. The crew creates algorithmic determination procedures in order to realize what no human dealer might ever do in right now’s fast-changing and intensely difficult monetary market.

Understanding Presto Labs is key to evaluating the AQX challenge. Presto Labs has a every day common buying and selling quantity of over $3 billion, reaching $1,100 billion in buying and selling actions final 12 months. To give some context, Presto Traders is ranked Top 10 in FTX’s Top 100 Traders by 30-Day Maker Volume leaderboard. 

About AQX

AQX is the crypto gateway for retail merchants and establishments. It gives individuals an all-in-one platform to purchase, promote, commerce, and study crypto. 

At its core, AQX is a cryptocurrency change, and the corporate leads the trade with a mixture of unequalled engineering excellence, world-class safety, and superior buying and selling options to offer buyers with complete companies to handle their digital property portfolios. 

You can discover out extra about AQX on its official web site and the social media channels listed beneath.

Twitter | Telegram (announcement) | Telegram (neighborhood) | Discord | LinkedIn | Instagram | Facebook

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About the Author: Daniel