According to a previous report by Zombit, Open Exchange (OPNX), a cryptocurrency derivatives trading platform supported by Kyle Davies and Su Zhu, co-founders of Three Arrows Capital, has announced its closure this month, shortly after its launch. CoinDesk quoted statements from Kyle Davies and Su Zhu in its latest report, stating that OPNX is closing because the claims of bankrupt exchange FTX have been fully settled. This means that the mission of OPNX as a claims trading platform has come to an end, and in the future, Kyle Davies and Su Zhu, along with the OX community, will focus on the decentralized derivatives trading platform Ox.Fun. Perhaps it is because Su Zhu turned to support Ox.Fun that the fate of OX tokens from plummeting was avoided. As of writing this article, OX tokens are still trading at a level of $0.009. Currently, Ox.Fun is conducting a trading mining activity (supporting only OX and MILK tokens as collateral). Users can earn OX token rewards by completing daily tasks. If trades result in losses, users can also receive compensation rewards in MILK tokens issued by Ox.Fun.
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