Introduction

04/06/2023 17:45 • NFT Newsflash • 114 views

According to reports, the bond market OPNX platform founded by Zhu Su et al. performed poorly on its first day of launch, with spot and perpetual derivative trading volumes of only $13.64 in the first 24 hours. The CEO of the company, Leslie Lamb, stated in a subsequent tweet that after the FTX incident, we have conducted in-depth thinking and reassessed what establishing liquidity should look like. This means not relying on internal market makers, nor prioritizing external market makers. That’s why we started with minimal liquidity.

The 24-hour trading volume of spot and perpetual derivatives on the OPNX platform is only $13.64

The bond market has always been a great platform for investors to buy and sell bonds from each other. With the emergence of new technologies, the market has also evolved, and innovators have been developing newer and more advanced platforms to make trading more efficient. The OPNX platform was recently launched, but its performance was poor, with only $13.64 in spot and perpetual derivative trading volumes in its first 24 hours of operation. This article will explore the reasons why the platform struggled and what the company CEO, Leslie Lamb, had to say about the issue.
# Importance of the bond market
The bond market is an important platform for investors as it provides an opportunity to buy and sell bonds between each other for a profit. Over the years, the market has evolved, and investors now have access to more advanced trading technologies and platforms that make it possible to trade seamlessly. The OPNX platform was developed to provide investors with a modern platform for trading, but its performance proved disappointing on its first day.
# Overview of the OPNX platform
The OPNX platform was founded by Zhu Su et al. to provide a modern platform for bond trading. However, according to reports, the platform’s launch failed to meet expectations, with only $13.64 in trading volumes in the first 24 hours. The platform was expected to perform better, but it failed to attract the expected number of investors.
# The CEO’s response to the issue
The poor performance of the OPNX platform was not taken lightly, and the company CEO, Leslie Lamb, responded to the issue on social media. She stated that the company had conducted in-depth thinking and reassessed the way liquidity should be established. According to the CEO, the problem was that the company relied too much on internal and external market makers which resulted in minimal liquidity.
# The way forward
The OPNX platform is still in its early stages, and the CEO has reassured investors that the company is re-evaluating its strategy. The platform needs to reduce its reliance on external market makers and focus on building internal liquidity to attract more investors. Leslie said that they are going to restructure their trading systems to focus more on liquidity provision and less on revenue generation.
# FAQs
Q: What is the OPNX platform?
A: It is a platform for investors to buy and sell bonds.
Q: Why did the platform perform poorly on its first day of launch?
A: The platform relied too much on external and internal market makers which resulted in minimal liquidity.
Q: What is the way forward for the OPNX platform?
A: The platform needs to reduce its reliance on external market makers and focus on building internal liquidity.
# Conclusion
The OPNX platform’s poor performance on its first day of launch is a clear indication that investors demand more from trading platforms. The CEO’s response to the issue shows that the company is willing to take the necessary steps to improve performance and satisfy investors. The company needs to focus on building strong internal liquidity to attract more investors to the platform. In conclusion, the bond market is constantly evolving, and investors need to keep up with the latest trends and technologies to stay ahead of the game.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/20379.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Introduction

The 24-hour trading volume of spot and perpetual derivatives on the OPNX platform is only $13.64

Related recommendations