According to a previous report by Zombit, Open Exchange (OPNX), a cryptocurrency derivatives trading platform supported by Kyle Davies and Su Zhu, co-founders of Three Arrows Capital, has announced its closure this month, despite being launched recently.
In response to this event, CoinDesk quoted statements from Kyle Davies and Su Zhu in their latest report, stating that the closure of OPNX is due to the complete repayment of debt claims from the bankrupt exchange FTX. This means that the mission of OPNX as a debt trading platform has come to an end, and in the future, Kyle Davies and Su Zhu, along with the OX community, will focus on the decentralized derivatives trading platform Ox.Fun.
Perhaps it is Su Zhu’s support for Ox.Fun that has spared the fate of a continuous decline for the OX token, as it is still maintaining a level of $0.009 at the time of writing.
Ox.Fun is currently conducting trading mining activities, where users can receive OX token rewards by completing daily tasks. If trades result in losses, users can also receive compensation in the form of MILK tokens issued by Ox.Fun.
