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Exchanges

Cryptopia founder plans to set up new exchange

May 24, 2019, 10:52AM EDT

The founder of a recently shut down cryptocurrency exchange Cryptopia is planning to launch a new exchange called Assetylene, Decrypt Media writes. Cryptopia went into liquidation earlier this month following a $23 million breach in January.

Cryptopia’s founder Adam Clark departed from Cryptopia in early 2018 “due to new management wanting to take the company in a different path I fundamentally disagreed with,” Clark said. He started out creating a trading processor but ended up creating a whole trading engine. According to Clark, his new project offers fixes to “scaling problems” Cryptopia had.

Assetylene seems to be similar to TradeSatoshi exchange where Clark served as a senior developer.

“Cryptopia, Tradesatoshi and Assetylene obviously all look alike because I made/designed each platform, so I guess I have a style maybe,” he said.

Although still in beta with no official launch date, Clark promises the new exchange will be “New Zealand’s most advanced crypto trading platform.”

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