#Open Exchange to Launch Claims Trading Function Soon: All You Need to Know

On March 26, it was reported that the claims trading function of Open Exchange (OPNX), a new debt market founded by Su Zhu, founder of Sanjian Capital, and others, is expected to go online in a month. As of this week, no exact date has been determined. Leslie Lamb, CEO of Open Exchange, said that when the claim transaction feature is launched, users will be required to pay upfront fees and go through a multi-step process to see funds. Leslie Lamb did not disclose the fee structure.

The new debt market OPNX founded by Su Zhu and others is expected to launch the claims trading function in a month

As per reports on March 26, it has been stated that Open Exchange (OPNX), a new debt market founded by Su Zhu, is set to launch its claims trading function in the next month. The exact date for the function to go online has not been disclosed yet. The CEO of Open Exchange, Leslie Lamb, confirmed that users will have to pay upfront fees and complete a multi-step process to access funds through the claims trading feature. However, there has been no disclosure regarding the fee structure as of yet.

What is Open Exchange and its Claims Trading Function?

Open Exchange is a rapidly growing debt market founded by Su Zhu and other investors in the market. It is a completely decentralized market that allows investors to trade debt securities quickly and efficiently. The claims trading function of Open Exchange is an upcoming feature that will enable users to access funds from failed projects. The feature will give users the opportunity to buy and sell claims on failed projects, which in turn will help in the recovery of funds.

How the Claims Trading Function Works?

The claims trading function is a multi-step process that investors need to undertake to claim their funds. As a user, you need to complete the registration process and pay upfront fees to gain access to the platform. Once you are through with the registration process, you can start trading in the market. You can buy and sell claims of failed projects, which will be then settled by the Open Exchange platform.

Benefits of Open Exchange’s Claims Trading Function

The claims trading function of Open Exchange is beneficial for investors in several ways. It provides a higher level of liquidity in the market, enabling a quick and cost-effective way to recover the funds. With the help of this feature, users can take advantage of opportunities to trade in the market, which will provide them with a higher return on their investments. The claims trading function will enable investors to buy and sell claims easily, making it quicker and more convenient for them to access their funds.

Conclusion

With the launch of the claims trading function, Open Exchange will be able to revolutionize the debt market in several ways. The facility of buying and selling claims quickly and efficiently will be a boon for investors. Leslie Lamb, the CEO of the platform, has not yet disclosed the fee structure, but the opportunity to trade in failed projects will aid in the recovery of funds.

FAQs

1. What is Open Exchange and the claims trading function?
Open Exchange is a decentralized debt market that allows investors to trade debt securities, and the claims trading function is a feature that helps in the recovery of funds from failed projects.
2. When is the claims trading function of Open Exchange expected to launch?
The exact date for the launch of the claims trading function is not disclosed yet.
3. What are the benefits of the claims trading function of Open Exchange?
The claims trading function provides higher liquidity in the market, enabling a quick and cost-effective way to access funds from failed projects, leading to higher returns on investments.