OPNX, an exchange focused on trading bankruptcy claims against failed crypto companies, has added FTX and Celsius claims to its listings. FTX claims can be quickly converted into collateral in the form of OPNX's native reOX tokens or oUSD credit currency, which can then be used to trade crypto futures. The claims are tokenized in partnership with Heimdall, and developers have stated that claims will initially be converted into reOX tokens with a 100% bonus of the market price, which will decrease to 0% over 50 weeks. OPNX was founded earlier this year by Kyle Davies and Zhu Su, co-founders of bankrupt Singaporean hedge fund Three Arrows Capital.
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