Curated News
By: NewsRamp Editorial Staff
July 25, 2024
TanX Hits Billion Dollar Quarterly Trading Volume Milestone
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- tanX processed a billion dollars in quarterly spot trading volume, marking a 70% increase from the previous quarter, providing a competitive advantage in the decentralized trading platform space.
- tanX's product upgrades and strategic partnerships with Layer 2 scaling solutions expand the range of networks for asset trading while ensuring fast order execution and low fees.
- tanX aims to catalyze institutional adoption in the digital asset space, shaping the future of finance and making decentralized trading safer and more accessible for all.
- The new spot Bitcoin ETFs have attracted over $30 billion in assets under management, marking a resounding success and demonstrating the growing confidence in decentralized trading platforms.
Impact - Why it Matters
This news matters as it highlights the increasing confidence in decentralized trading platforms. It also underscores the growing interest in decentralized crypto exchanges (DEXs) and the importance of compliance and transparency in the digital asset space.
Summary
TanX, a leading decentralized exchange, has achieved a milestone of processing a billion dollars in quarterly spot trading volume, marking a 70% increase from the previous quarter. The platform's growth is attributed to product upgrades, strategic partnerships, and initiatives like trading competitions and a loyalty program. It addresses the institutional need for a decentralized, secure, compliant, and transparent trading infrastructure in the wake of FTX's collapse.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, TanX Hits Billion Dollar Quarterly Trading Volume Milestone
