Can we trust the new crypto exchange 'Assetylene', by founder of Cryptopia?

24 May, 2019
by Joeri Cant
News
Can we trust the new crypto exchange 'Assetylene', by founder of Cryptopia?

Adam Clark, the founder of the recently hacked and now-defuncted cryptocurrency exchange Cryptopia, has plans to launch a brand new cryptocurrency exchange, called 'Assetylene'. Question is, will people give their trust and funds to this new exchange?

According to Decrypt, Clark said that the new exchange 'Assetylene' was a passion project after he departed Cryptopia in early 2018, due to the new management wanting to take the company in a direction Clark disagreed with.

'I left Cryptopia in late 2017 early 2018 due to new management wanting to take the company in a different path I fundamentally disagreed with, so we parted ways and I started working on the core products I wanted in the Crypto space', Clark said.

Apparently, the Cryptopia founder started building a trading processor for a crypto marketplace called Chainstack, but ended up creating a full trading engine, which became Assetylene.

According to Clark, his new project, on which he has been working for at least 9 months, fixes various scaling problems which were faced by Cryptopia.

Although, the new exchange Assetylene, which Clark promises to become New Zealand’s most advanced crypto trading platform, is still in beta, it already allows customers to use the platform with test coins and ask for additions/improvements.

It has no planned launch date as of yet. 

Understandably, there are a lot of people who aren't excited about yet another crypto platform by Clark and many show a lack of trust in this new exchange by Adam Clark.

Others came forward to Clark's defence.

Will you trust this new exchange by Adam Clark? Let us know in the poll below.

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Poll

Will you trust this new exchange by Adam Clark?

(18 votes)

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