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

Where Tokenisation Actually Delivers Value: The Question the Institutional Market Still Can’t agree On

At a panel session on the convergence of traditional and digital market infrastructure at A-Team Group’s inaugural ExchangeTech Summit in London earlier this month, an audience poll set the framing for the discussion that followed. Asked where their firm sat today on tokenisation and DLT-based market infrastructure, the largest single response from a room of...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th 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

A-Team Group’s Valuations Vendor Directory 2009

An indispensable guide to valuations professionals seeking providers of services in the asset valuations market. A-Team Group’s latest release in its series of directories – available for FREE download – focuses on vendors of valuations data, models and analytics. But this is not just another list of firms with their telephone numbers – you can get that...