Brett Harrison, the ex-president of FTX US, is launching AX, a Bermuda-based exchange focused on perpetual futures for traditional assets. The platform will accept both fiat and stablecoins as collateral, enhancing global accessibility.
The startup is in its Series A funding phase, having raised 17 million USD from notable investors like Coinbase Ventures and Circle Ventures, aiming to enhance trading capacity while adhering to regulatory frameworks.
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