True Markets Launches TrueX, A Game-Changer in Crypto Trading

True Markets Launches TrueX for the Future of Crypto Trading

True Markets proudly announces the launch of TrueX, their revolutionary non-custodial, stablecoin-native trading platform. This announcement marks a significant advancement in the crypto market landscape. TrueX is designed to push the boundaries of what a trading exchange can offer, integrating cutting-edge technology with unmatched security features.

A Visionary Platform Built by Experts

TrueX is the brainchild of industry veterans Vishal Gupta and Patrick McCreary, both of whom have extensive experience from leading financial institutions including Coinbase and Goldman Sachs. Their background has equipped them with the insights needed to shape a platform that meets the evolving needs of modern traders.

Expert Team with a Strong Background

The TrueX development team boasts expertise in various domains including stablecoins, lending processes, and robust exchange infrastructure. This impressive lineup ensures that TrueX is not just any trading platform; it is a sophisticated solution designed for efficiency and security. The platform features a proprietary matching engine that promises to enhance trade execution and user experience.

Innovative Technology Ensures Seamless Transactions

At the heart of TrueX's functionality is its commitment to stablecoin transactions. Collaborating with Paxos, the platform has integrated PayPal USD as its default settlement currency. This collaboration allows TrueX to offer a frictionless trading experience where transactions are secure, efficient, and transparent. Such measures are pivotal in building trust with users who prioritize security in their trading activities.

Seed Funding to Propel Growth

True Markets has successfully secured an impressive $9 million in seed funding, attracting investments from notable firms including RRE Ventures, Reciprocal Ventures, and the Solana Foundation. This funding is earmarked for technological enhancements and scaling the platform’s capabilities, further establishing TrueX as a strong player in the competitive crypto exchange landscape.

Redefining Trader Expectations

According to Vishal Gupta, Co-Founder and CEO, the launch of TrueX reflects ongoing shifts within the cryptocurrency market. He emphasized the growing demand for a platform that guarantees true segregation of execution and custody. By focusing on these essential features, TrueX aims to meet and exceed user expectations in a fast-evolving market.

The Leadership Behind TrueX

Gupta and McCreary bring a wealth of experience to their roles. Gupta previously led Exchange operations at Coinbase, overseeing the launch of the Coinbase International Exchange. McCreary contributed as a senior staff engineer at Coinbase, where he made significant strides in enhancing trading infrastructures. Their combined expertise positions TrueX to potentially reshape crypto trading.

TrueX's Commitment to Institutional Adoption

With growing interest from institutional investors in cryptocurrencies, the launch of TrueX could not be more timely. As Craig Burel, General Partner at Reciprocal Ventures, noted, market participants now demand platforms that prioritize transparency and execution quality. TrueX's innovative model and dedication to low-latency trading provide a much-needed support system for institutional players.

Cutting-Edge Liquidity Program

To further engage its user base, TrueX has unveiled an exciting Liquidity Program. This initiative aims to attract institutional clients by offering reduced taker fees and preferred maker fees. Additionally, they are integrating a competition that invites top traders to vie for equity stakes in the company, creating a unique opportunity for engagement and shared success.

About True Markets

True Markets is committed to enhancing the cryptocurrency trading landscape by providing a seamless, innovative trading experience. Ranked as a frontrunner, their flagship product, TrueX, exemplifies their vision of a marketplace with unmatched security and efficiency in stablecoin transactions. With an evolving product roadmap, True Markets is poised to continuously adapt to changing market dynamics.

Frequently Asked Questions

What is TrueX?

TrueX is a non-custodial, stablecoin-native trading platform designed to enhance the trading experience using innovative technology.

Who founded True Markets?

True Markets was founded by Vishal Gupta and Patrick McCreary, both seasoned professionals from major financial institutions.

What technology does TrueX utilize?

The platform features a proprietary matching engine for better trade execution, along with Paxos infrastructure for seamless stablecoin settlement.

What funding did TrueX secure?

TrueX successfully secured $9 million in seed funding from various prestigious investors.

How does the Liquidity Program work?

TrueX’s Liquidity Program incentivizes participants with reduced fees and an opportunity to compete for company equity.

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