CrossTower Welcomes Synthetix (SNX)
Crosstower is happy to announce that Synthetix (SNX) will be available to buy, sell and trade on the CrossTower Global Digital Asset Trading Platform available to our non-US customers beginning on December 8, 2020.
New to Crosstower? International customers may register to begin trading today!
About Synthetix (SNX):
Synthetix (SNX) is a synthetic asset platform built on top of Ethereum. SNX acts as the collateral that is locked into the protocol. sUSD is the represented debt created from locking SNX up. sUSD can then be transferred into any other synthetic product represented on the Synthetix Decentralized Exchange.
What problems will this project solve?
Synthetix aims to provide a marketplace for synthetic assets.
How will it solve these problems?
Synthetix solves synthetic data aggregation by grabbing data from oracles that feed the information into the Synthetix network. This data is used to swap between different synthetic assets on the Synthetix exchange.
About the team:
Kain Warwick – CEO
Kain’s experience in digital assets comes from his involvement with a payment gateway company in Australia named Blushyft. He became involved in crypto in 2014 and originally built Synthetix as a stable coin project called Havven.
Justin Moses – CTO
Justin has a background in engineering web applications. He was formerly Director of Engineering at MongoDB. Justin began working full time on the Synthetix project in 2018.
Founded in 2020, CrossTower is an exchange operator founded by capital markets veterans on a mission to mainstream digital asset trading and investing. Our digital-asset platform was methodically built for institutional and individual investors with best-in-class safeguards, services and capabilities as well as innovative pricing to make the next-generation financial markets a reality. Because our leadership team has extensive experience building and managing traditional exchanges, we understand what’s needed to ensure the CrossTower experience is familiar to market professionals.
CrossTower Inc. provides this content for general information purposes, to better inform you on your digital asset investment journey. We do not provide investment recommendations or provide tax advice. Please consult your investment professional or tax advisor if you require assistance in these areas.