Coinbase Alums Launch TrueX: A Stablecoin-Focused Exchange Targeting Institutions

Coinbase Veterans Launch TrueX: A Stablecoin-Focused Exchange Targeting Institutions

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Two former senior executives from Coinbase, Vishal Gupta and Patrick McCreary, have taken the leap into the crypto world with the launch of TrueX. This new crypto exchange is setting its sights on a specific niche: stablecoins. With a focus on institutional investors, TrueX is poised to become a major player in the burgeoning world of stablecoin trading.

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TrueX is making waves by declaring PayPal Holdings Inc.’s PYUSD as its \”preferred token for transactions.\” This strategic move signals the exchange’s commitment to offering a secure and regulated platform for institutional investors. With a focus on US markets and select international locations, TrueX is aiming to provide a streamlined and compliant trading experience for institutional players.

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The launch of TrueX comes at a time when the demand for stablecoins is growing rapidly. As institutional investors increasingly look to enter the crypto market, the need for a reliable and secure platform to trade stablecoins is more crucial than ever. TrueX’s unique approach, coupled with its experienced leadership team, positions it to become a leader in this evolving market.