OPNX, a first-of-its-kind, crypto-focused exchange that lets users trade claims of bankrupt crypto companies, is live as of Tuesday, CEO Leslie Lamb said in a tweet.
OPNX, short for Open Exchange, is a platform for trading what it says is a $20 billion market for crypto-related bankruptcy claims. The exchange will offer claims of companies such as FTX and CoinFlex. In early March, FTX claims were trading at 20 cents on the dollar.
OPNX is currently offering spot and futures trading for major tokens, such as bitcoin (BTC), ether (ETH), dogecoin (DOGE) and USD Coin (USDC). Claims trading is expected to go live in the coming weeks, as per Lamb.