The post Ex-Coinbase Executives Launch TrueX: A New Crypto Exchange Powered by PayPal’s PYUSD appeared first on Coinpedia Fintech News
According to the latest Bloomberg report, two former high-level Coinbase Global Inc. employees unveiled a crypto platform called TrueX that will use PayPal Holdings Inc.’s stablecoin as its preferred token for transactions. The exchange aims to provide a secure and stable trading experience by focusing on PYUSD for its transactions.
TrueX’s Features
The exchange, founded by Vishal Gupta, former head of markets at Coinbase and Patrick McCreary, a former software engineer at the Nasdaq-listed crypto exchange, is the flagship product of True Markets. The TrueX exchange will first be open to US-based institutions and some international institutions in certain regions.
TrueX features a proprietary matching engine to efficiently match trading orders, secure segregation between execution of trades and asset custody, and promises seamless c
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