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Mark Karpeles, former CEO of <a href="https://cryptotale.org/mt-gox-moves-2-84b-in-btc-are-repayment-plans-in-motion/" rel="noopener noreferrer nofollow">Mt. Gox</a>, is set to launch his new cryptocurrency exchange, EllipX, later this month. The platform will debut in Europe with its headquarters in Poland. Karpeles, who will act as the chief technology officer, emphasizes transparency and user-friendliness as key features of the new exchange.NYSE-Like Model for Crypto TradingKarpeles revealed the details during an interview at Korea Blockchain Week in Seoul. He noted that EllipX aims to distinguish itself from other exchanges by offering enhanced transparency. He added that unlike larger exchanges where users often lack visibility, EllipX will compartmentalize its operations to ensure transparency. This approach includes separating trading functions from brokerage and storage tasks.EllipX plans to adopt a model similar to the New York Stock Exchange. In this system, trading will be handled by a central entity, while brokers in various countries will provide localized services. Additionally, crypto transactions will be processed through independent clearing houses like BitGo, separating them from brokers.This focus on transparency comes in response to past scandals in the crypto industry, notably the collapse of the <a href="https://cryptotale.org/cryptos-largest-dip-since-ftx-collapse-sees-limited-reaction/" rel="noopener noreferrer nofollow">FTX</a> exchange. Investors are increasingly demanding transparency and security, which Karpeles aims to address with EllipX. The exchange will provide technical data and conduct third-party audits to assure users of its integrity.Related News: <a href="https://cryptotale.org/mt-gox-transfers-3-13b-in-bitcoin-implications-for-btcs-global-asset-rank/" rel="noopener noreferrer nofollow">https://cryptotale.org/mt-gox-transfers-3-13b-in-bitcoin-implications-for-btcs-global-asset-rank/</a><a href="https://cryptotale.org/former-mt-gox-ceos-ellipx-promises-an-era-of-transparency/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Former Mt. Gox CEO's EllipX Promises an Era of Transparency

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