Susquehanna Among Backers of Bankruptcy Claims Exchange OPNX
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Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
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Bankruptcy claims exchange OPNX is backed by the likes of Susquehanna (SIG), AppWorks and the venture capital arm of DRW trading, the company revealed in a tweet.
Other investors include U.S. options exchange MIAX Group, the Hong Kong arm of China Merchant Bank International and Saudi digital asset fund Tuwaiq Limited.
OPNX founder Kyle Davies, who also started bankrupt hedge fund Three Arrows Capital, remained tight-lipped on the company’s cap table when speaking to CoinDesk last month.
The exchange got off to a slow start, executing a paltry figure of volume on its first day after going live. Since then, OPNX topped $2 million in daily volume earlier this month, according to flexstatistics.
The reputable list of investors demonstrates demand from traditional finance for crypto start-ups.
Davies was given two weeks on March 30 to respond to a subpoena in relation to books and records for Three Arrows Capital, according to a ruling in U.S. bankruptcy court.
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Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
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Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
