Panama City, November 29, 2022 - Ankex announces the launch of a new hybrid cryptocurrency derivatives exchange that offers sophisticated trading and transparency through secure self-custody from a decentralized wallet.

The launch comes as recent events have shattered investor confidence and drawn attention to the major security and performance trade-offs investors are forced to accept when trading on centralized or decentralized crypto asset exchanges.

While centralized exchanges typically offer deeper liquidity, lower latency, and tighter spreads, investors are forced to hand funds to exchange-managed wallets that are vulnerable to hacks or misconduct.

Ankex's hybrid model removes this tradeoff, enabling high-performance trading through secure self-custody, one of the key advantages of a decentralized exchange.

When trading on Ankex, user assets are held in secure wallets (“vaults”) protected by Qredo's decentralized MPC (dMPC) and located on its layer 2 blockchain. With no assets locked in the exchange, users can maximize capital efficiency by instantly deploying funds from their vaults to other exchanges and Web3 opportunities.

Additional benefits for Ankex users include real-time verification of proof of reserves for all exchange participants, and comprehensive proof of liquidation reports.

Ankex was created by a team of experienced professionals from other crypto asset exchanges. The project was backed by Qredo InvestmentsQredo Venturesincubation support. Expected to launch next year, the exchange opens todaywaiting list, register for first visits and more news.

“Given the events of recent weeks, there has been renewed interest in complex trading capabilities without the need to trust a third party or relinquish control of your assets,” said Ankex representative Alex Petryk. "Ankex's new hybrid approach addresses this trade-off and offers investors the best of both worlds. We are excited to have Qredo's dMPC and Layer 2 architecture in this new game-changing platform play such an important role.”

About Ankex

Ankex's experienced team of technical experts is ready to change the way you trade cryptocurrency derivatives. Designed for investors of all sizes, Ankex is a new type of hybrid exchange that combines the advantages of a centralized trading venue with the security, control and transparency offered by a non-custodial, decentralized exchange.

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About Qredo

Qredo is a decentralized digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in the digital asset and decentralized finance space. Its layer 2 blockchain protocol enables users to seamlessly transfer and settle BTC, ETH, BNB Chain, Solana, Polkadot and ERC-20 tokens. Assets are secured by Qredo's advanced Gen 2.0 Multi-Party Computation (MPC), which provides tier-one bank security and institutional-grade governance.

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