A crypto exchange seeking to balance the benefits of both centralized and decentralized platforms today launched in beta.
Moro said in an interview that he wanted his next career move “to be a response” that would help move the crypto industry forward. He then met executives from Qredo at the CfC conference in St. Moritz, Switzerland earlier this year and discussed a potential move to Ankex.
He continued: “If exchanges are non-custodial and everything is on-chain, then you stop asking questions about proof of reserves, because you’re able to check everything for yourself.”Moro also believes the Ankex team has created what he described as a “bankruptcy-remote structure,” in which the collateral put up by futures traders stays locked in Qredo wallets, meaning, in theory, that it couldn’t end up locked on the exchange if it were to run into difficulty.
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