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Bankruptcy Claims Exchange OPNX Launches Market Maker Program

Cointime Official

OPNX, which is short for Open Exchange, a bankruptcy claims exchange co-founded by failed crypto hedge fund Three Arrows Capital co-founders Kyle Davies and Su Zhu, has announced its Market Maker Program.

As per the announcement, the OPNX Market Maker Program has 2 major components:

  • $5K Monthly Stipend for up to 200 VIP MMs

OPNX will pay out $5,000 per month to any Market Maker that does 5% of OPNX’s maker volume in BTC and ETH perpetual futures contracts over the course of the month. This means that initially up to 19 firms or individuals will be eligible for these rewards.

  • $50K - $500K per month pro rata by maker volume.

Depending on OPNX’s 30-day average daily volume, we will pay out a minimum of $50K per month to all market makers by maker volume, pro rata across all VIP MMs. The maximum payout for this will be $500K per month. 

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