Brett Harrison Introduces Regulated AX Cryptocurrency Exchange
Launch of AX Exchange: Brett Harrison, former president of FTX US, has launched the AX exchange, which offers regulated perpetual futures for traditional assets, merging crypto-style trading with traditional finance.
Institutional Backing: The launch has garnered $17 million in funding from institutional investors, indicating strong market interest and support for the innovative trading platform.
Market Impact: AX aims to reshape financial markets by providing perpetual contracts on stocks, metals, and currencies, potentially altering industry dynamics and enhancing trading efficiency.
Regulatory Compliance: The exchange operates under the regulatory oversight of the Bermuda Monetary Authority, positioning itself as a centralized and compliant platform for trading various asset classes.
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