Exchange Is Now Live In The U.S

Waitlisted users can now access all the features the platform has to offer as begins its exchange rollout in the U.S.

Soumen Datta
March 16, 2022
DeFi Exchange Goes Live 

Boosting its presence in the world's largest economy, has begun rolling out its exchange to waitlisted users in the US. 

The announcement article published on March 15 indicates that the platform will be given preference to a select group of institutional investors with an expansion expected in the near future. As per the article, the platform supports seamless USD transfers via integrations with Silvergate and Circle. The platform also offers exclusive forums led by global thought leaders to keep users up to date on the latest trends. Additionally, the exchange allows VIP members access to exclusive events, rewards, and market insights. 

“We are excited to be expanding our offering for professional traders to the U.S. Exchange will support U.S. institutional investors through this initial launch phase. We are looking forward to rolling it out to everyone as soon as possible,” said Kris Marszalek, CEO of, in the announcement.
Source continues to venture into the United States from acquisitions to sponsorships. According to an article by Osato Avan-Nomayo from the Block, recently acquired two US-based derivatives platforms for $216 million, which will enable it to offer derivatives and futures to its American clients. 

However, despite all these developments, witnessed a security breach that compromised 400 accounts, as CEO Kris Marszalek confirmed in an interview with Bloomberg.

What is is a Singapore-based cryptocurrency exchange. Currently, their app has 10 million users and 4,000 employees. Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo founded the company as "Monaco" in 2016. 

Following the purchase of a domain owned by cryptography researcher and professor Matt Blaze, the company was renamed in 2018. The domain was valued at between $5 and $10 million by domain sellers.

Foris DAX Asia, a Singapore-based subsidiary of Foris DAX MT (Malta) Limited, operates has notable sponsorship agreements with Formula One, Serie A, the UFC, Paris Saint-Germain Football Club, the Philadelphia 76ers, the Montreal Canadiens, and's collaboration included signing its co-founder, actor Matt Damon, as's brand ambassador. The vision of is to accelerate the world's transition to cryptocurrency by putting cryptocurrency in every wallet.

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Soumen Datta

Soumen is an experienced writer with a background in Laser Physics. He has a passion for learning and is mainly interested in Defi, P2E gaming, and NFTs. His largest crypto holdings are BTC, ETH, SOL and DOT token.

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