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: From 24/7 to Event-Driven: Engineering the Next-Generation Exchange Platform

What digital asset and prediction markets are teaching traditional exchanges about availability, agility and time-to-market. New market structures and regulatory changes are forcing exchange operators to rethink the foundations of their technology stacks. Digital asset exchanges, prediction markets and retail-driven platforms have normalised 24/7 trading, continuous availability and rapid product iteration. In contrast, many traditional...

BLOG

Prediction Markets Push for Institutional Credibility as ARK Invest Signs on with Kalshi

Prediction market operator Kalshi has signed a collaboration with ARK Invest, the latest in a series of moves designed to position prediction market data as a legitimate input for institutional investment workflows. The partnership, announced in late March, will see ARK request and monitor event contracts on the Kalshi platform, evaluating whether the probability signals...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Regulatory Data Handbook – Fourth Edition

Need to know all the essentials about the regulations impacting data management? Welcome to the Fourth edition of our A-Team Regulatory Data Handbook which provides all the essentials about regulations impacting data management. A-Team’s series of Regulatory Data Handbooks are a great way to see at-a-glance: All the regulations that are impacting data management today A...