Archax, A New Crypto Exchange For Institutions, Plans Launch

Archax, which intends to be a new institutional exchange for cryptocurrencies and digital assets has recently announced its arrival to the media. The London-based company will use a scalable and resilient structure to work as an exchange that will offer a top-tier datacenter space and high performance for its clients.

The company intends to integrate itself in the already existing trading workflow by operating under regulatory practices and supporting APIs like FIX.

A New Company For a New Market

David Lester, which the non-executive director at Archax and has formerly worked as Chief Strategy Officer in the London Stock Exchange Group and other high profile companies, has talked about the potential of the blockchain technology in the market.

According to him, both tokenization and the blockchain are innovative elements that have the power to create several opportunities in the market by causing disruption of the old models and fostering innovation. The director believes that the market has a lot to get by investing in the crypto market and that the blockchain will be the first step to a frictionless market that works better.

Another member of the Archax Advisory Board, David Buckley (also current chairman of the Redwood Bank), has stated that regulations are coming and that institutions will get more involved with the market as soon as it is better regulated. In fact, he believes that it is a huge advantage that company is run by people who are interested in providing just that.

Archax had seed investment from Alphabit. Liam Robertson, which is the founder and CEO of the company, has stated that he is pleased to help in the venture and excited about all the opportunities that will appear in this partnership.

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