LXDX, a digital asset exchange focusing on derivatives based on underlying cryptocurrency assets, announced that it has opened platform access ahead of launch next month. Traders are able to create accounts and begin regulatory Know Your Customer (KYC) processes before live trading begins.

LXDX is currently conducting a Security Token Offering that provides accredited investors the opportunity to back the company in exchange for real equity and dividend rights to a share of gross revenues, and is also backed by notable venture capital firms.

The exchange will be offering derivative products for speculative and hedge trading on crypto assets with smaller upfront commitments than found in typical spot trading. LXDX will be the first exchange that allows for derivatives trading on Ethereum (ETH) and Ripple (XRP), and will also offer Bitcoin-based (BTC) products.

Greenwald, formerly of DRW, Laurion Shanghai, and SpaceX, is joined by other finance and technology industry veterans on the LXDX leadership team. As a result, the exchange is built to institutional standards of speed and security that are not found elsewhere in crypto markets.