Announcing Oxygen, the first CryptoRepo trading platform

23.01.2018

Oxygen has announced the launch of the world’s first decentralized CryptoRepo trading platform. Oxygen integrates repo, an essential building block for liquid and efficient financial markets, into the crypto economy. The platform will provide crypto asset holders opportunities to earn additional income, raise liquidity and take investment views across a wide range of cryptocurrencies, coins and tokens.

In а CryptoRepo transaction, one party borrows crypto assets from another party and commits to return these assets with interest at a future date. The Borrower provides crypto assets to the Lender as collateral, creating a secured digital transaction using an Ethereum-based Smart Contract.

Oxygen was created by the founders of Changelly, a market leader in instant cryptocurrency exchange services with over 1.6 million users, and a team headed by CEO Alex Grebnev. Alex is an experienced financial markets professional who has held senior leadership roles at Bank of America Merrill Lynch and Goldman Sachs.

Grebnev says: “In mainstream repo markets, the dominant players are banks, hedge funds, pension funds, insurance companies and other big institutions. The leveraging of decentralized exchange technology (DEX) by Oxygen will enable all market participants to benefit from CryptoRepo — from individuals to institutions, providing them with the means to make their crypto assets work harder. I’m excited about the opportunity to bring my investment banking experience into the new realm of crypto assets.”

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Oxygen lands in Gibraltar
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25.01.2018
Oxygen’s COO Alex Melikhov explains the market need for a CryptoRepo platform
Alex Melikhov, the Chief Operating Officer (COO) of Oxygen, explained in a short interview the main principles of the first decentralized CryptoRepo platform and the premises for its launch from a crypto market perspective.
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31.03.2018
Oxygen applies for regulation in Gibraltar
On the 31st March Oxygen has applied to be authorised under the the Gibraltar DLT regulation which came into effect on the 1st January 2018. With the help of PWC and the Gibraltar law firm Isolas, Oxygen has submitted the complete application form which provides the details about the business, risks and controls implemented by the business.
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