Mark Karpeles, the former CEO of the now-defunct Mt. Gox exchange, is launching a new crypto exchange called EllipX in September, based in Poland. Initially focused on European users, EllipX will comply with the EU’s MiCA regulations and plans to eventually add fiat currency services.
The platform will promote transparency with regular third-party audits and aims to improve security in the crypto space. Karpeles is also offering 50% off trading fees to former Mt. Gox users as part of a reparations gesture, with the discount tied to non-fungible tokens he released for affected users.
Karpeles hopes this new venture will help rebuild trust with the community after the collapse of Mt. Gox in 2014, which resulted in significant losses. He believes the industry has evolved, and EllipX can be a positive example of transparency and security.
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