About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Briefs

tanX Achieves $1 Billion Quarterly Spot Trading Volume

Subscribe to our newsletter

Dubai-based digital asset trading platform tanX reported a significant milestone in Q2 2024, processing $1 billion in spot trading volume across 3 million transactions, reflecting a 70% increase from the previous quarter. The platform’s success is set against a backdrop of rising interest in decentralised trading solutions, particularly in the wake of FTX’s collapse, which has driven traders towards non-custodial and safer methods of executing trades and storing assets.

tanX, operating as a decentralised exchange (DEX) on Ethereum, emphasises compliance, regulation, and transparency, catering to institutional clients through specialised liquidity lines. tanX bridges the two models of decentralised and centralised exchanges (CEXs), allowing CEXs to integrate its non-custodial trading solutions while maintaining their existing user experience, underscoring the platform’s innovative approach in a regulatory stringent environment.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Modernising Equities Trading Infrastructure: Architecture, Resilience and the Economics of Change

Equities markets are entering a more distributed, always-on phase. Liquidity is fragmenting across venues and geographies, trading hours are extending toward 24/5 and beyond, and market data volumes, investor expectations and competitive pressure are all rising at once. Many of the platforms that still underpin the equities industry were built for a different era –...

BLOG

Kaiko Buys Amberdata as Digital Asset Data Consolidation Picks Up Pace

Kaiko has acquired Amberdata, its fifth acquisition and its second in a fortnight, in a deal that points less to any single transaction than to the speed at which the institutional digital asset data layer is consolidating into a small number of scaled providers. The Paris-headquartered firm announced the purchase of the US-based data and...

EVENT

Alternative Data Conference, Spring NYC

Now in its 9th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook 2019/2020 – Seventh Edition

Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This...