As the crypto industry seeks to regain its footing after the collapse of FTX in late 2022, digital asset trading remains dispersed among a global cohort of exchanges, from public companies such as Coinbase to decentralized applications like Uniswap.
On Wednesday, a new exchange entered the mix as TrueX emerged from stealth after more than a year of development. Founded by Vishal Gupta, who previously served as head of exchange at Coinbase and head of USDC at Circle, along with former Coinbase engineer Patrick McCreary, TrueX is taking a different approach by building its trading and settlement around stablecoins.
