Korbit, CPDAX, and GOPAX, three cryptocurrency exchanges in South Korea, announced earlier this week their partnership with CrossAngle to enhance the reliability of their coin listings. According to the trio, CrossAngle has developed a data disclosure platform, Xangle to tackle these problems. Data gathered directly from the crypto projects and is rigorously validated before official disclosure.
It was also revealed as a part of this partnership, CrossAngle will provide the exchanges with due diligence reports that contain exhaustive data on crypto projects extracted from Xangle. The exchanges will then use the reports to evaluate the eligibility of new coin listings and the performance of existing cryptocurrency projects. In turn, this is expected to improve investor confidence.
Mun-Gyu Seo, General Director of CPDAX, stated that CrossAngle’s service will be “the guiding light for investors” navigating the crypto market:
“We have no doubt that Xangle will be more than just an information disclosure platform,” commented Se-jin Oh, CSO of Korbit, who foresees Xangle to become “a model standard for the ecosystem as a whole.”
Lee Jong-Hang, the CEO of GOPAX added:
“This project will help reduce the information gap among all stakeholder and restore trust and integrity in the crypto market. GOPAX looks forward to continuing contributing to the sustainable development of a healthy ecosystem by collaborating with projects Xangle.”