Former Binance & Morgan Stanley developers launch a crypto exchange platform
Ex Binance and Morgan Stanley developers have teamed up to launch a cryptocurrency trading platform. The crypto exchange has numerous features such as tight security, fairness, reliability and high performance, amongst others.Announcing this via a press release earlier today, the team said it comprises six former Binance executives and three former software architects from the FICC department of Morgan Stanley. The cryptocurrency they formed is called Fairdesk.
The team said
Fairdesk is a forward-looking company focusing on building a platform that enables traders to go both long and short, profit from both bullish and bearish markets, with leverage up to 125X. Fairdesk strives for security, fairness, reliability and high performance.The team went a step further to explain some of the top features of the cryptocurrency exchange. Jacky Choi, one of the co-founders of the crypto company, worked for both Binance and Morgan Stanley. He stated that “The whole crypto trading industry is quite fascinating as blockchain is the future and users are very active. However, the crypto trading business is still very young, and a lot could be done to make the trading faster, securer and fairer.”
Morgan Stanley is already involved in the crypto space
The developers of the Fairdesk exchange have vast experience in the cryptocurrency and the traditional financial space. Morgan Stanley is one of the leading banks currently involved in the cryptocurrency space.Earlier this year, it became the first major bank in the United States to offer its wealthy clients access to Bitcoin funds. We also reported earlier this year that Morgan Stanley was looking to buy Korean crypto exchange Bithumb. However, there is no confirmation from either side that the deal went through.
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