Elon Musk’s SpaceX Engineer Shifts Gears To Start LXDX Crypto Coin Exchange
A Former Engineer at Elon Musk’s SpaceX; LXDX Coin exchange owner, Joshua Greenwald, Targets Small crypto traders!
The cryptocurrency arena is currently a hot spot for Fin Tech specialists whom have seen potential in the new digital assets. Joshua Greenwald, formerly an engineer for the famous SpaceX, a company owned by the popular tech innovator Elon Musk is the latest big recruit of the crypto space. This is according to reports by Leaprate on the 17th of September suggesting his newly formed LXDX firm is set to launch a coin exchange.
Joshua’s job description when working for Space X was within the propulsion and automation sector. Today, the engineer is focusing his efforts to change the dynamics of trading crypto coins for both institutional investors and the general cryptocurrency market. At the moment, LXDX has integrated operations to facilitate institutions trading cryptocurrencies hence setting the platform for scaling its crypto-financial services.
When interviewed by Leaprate, Joshua further clarified in technological terms that his firm’s objective is to facilitate scaling of smart orders to all classes of investors. The smart order routing available at the moment only covers institutions within this arena.
LXDX is receiving a good reaction from players within the financial markets. The firm has attracted investors like the Dymon Asia VC fund back in August; a big factor in raising funds for development given on ICO is involved.
This move and launch by LXDX hits the market at a time institutions have become a target for the digital assets. With the rumors that big names like Morgan Stanley & Citi are planning on making their portfolios more Bitcoin friendly, it is likely that Joshua’s LXDX firm might be already looking at $billion market in waiting.
Mr. Greenwald shared his sentiments on crypto assets with Venturebeat back in August when his firm held a funding activity. He viewed the digital coins as a completely new class of assets that can be integrated with existing systems for securitization and tokenization.