LSE to Provide Trading Engine for New Exchange

New exchange called AAX is going to be laucnh by Hong Kong ATOM Group
23 January 2019   377

The AAX cryptocurrency exchange, which is going to be launched by ATOM Group from Hong Kong, will use the Millennium Exchange bid matching technology developed by the London Stock Exchange (LSE). 

According to the message of the LSE Group, AAX will be launched in the first half of 2019 and will be the first digital asset exchange that uses this technology.

According to Peter Lin, CEO of ATOM Group, the Millennium Exchange will create a platform that enables safe implementation of cryptocurrency transactions for retail and institutional customers, and will also ensure its “scalability and regulatory compliance”. The AAX website also states that OTC deals with cryptocurrencies will be available to customers.

The Millennium Exchange technology and other LSE Group products are also used by other major trading institutions, including the Hong Kong Stock Exchange (HKEX), the Johannesburg Stock Exchange (JSE), the Singapore Stock Exchange (SGX) and the global broker TP-ICAP.

In a separate statement, ATOM Group states that the security of the platform will be provided by the UK-based Kroll, a leading cybersecurity company.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   88

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.