MetaTdex was invited to attend Big Demo Day
MetaTdex has now obtained the DMCC exchange license in Dubai.Author: Big Demo Day
Photos from the Roadshow event
Iwan Young, Vice President of Capital Operations at MetaTdex
On March 4th, MetaTdex was invited to participate in the Hong Kong Roadshow event. Iwan Young, Vice President of Capital Operations at MetaTdex, stated that MetaTdex is a decentralized exchange based on an order-matching model, with a daily trading volume of 25 million USD. So far, MetaTdex users have covered over 53 countries and regions worldwide, with 300,000 users having conducted actual trades, and over 100,000 users holding accounts with balances above 500 USD. In addition, MetaTdex has a large community of builders globally.
Throughout 2022, MetaTdex achieved significant international user expansion, with overseas users greatly surpassing the growth of mainland users. The increase in overseas users reached 85%, accounting for 68% of the total, and this proportion is expected to continue to rise in the future. Another focus for MetaTdex is the stock-to-coin segment, which allows crypto users to directly and compliantly participate in Hong Kong stock investments using virtual assets, with more global brokers expected to be integrated in the future.
MetaTdex issued its platform token TT in October 2019, with an initial price of 0.081 USD per token, which peaked at 7.45 USD, achieving nearly a 100-fold increase. MetaTdex ranks 8th globally on the DefiLlama platform for DEXs and is currently integrating with CoinMarketCap, with comprehensive information about MetaTdex expected to be displayed on that platform by April.
The founder of MetaTdex comes from Tsinghua University's Wudaokou School of Finance. So far, the team consists of 65 members, with the construction of various departments gradually completed and a high degree of coupling. In terms of capitalization, MetaTdex completed a Series A strategic investment in May 2022, led by Xingen Capital. Xingen Capital is a venture capital firm based in Silicon Valley, which has been investing in the internet since 1996, and at that time, MetaTdex was valued at 30 million USD. In December 2022, MetaTdex completed a Series B financing with a valuation of 100 million USD, with the first investor being a financial media company based in Singapore; financing opportunities are still open to external investors.
MetaTdex has obtained a DMCC exchange license in Dubai, becoming the first decentralized exchange to receive a DMCC license in Dubai. MetaTdex has also successfully obtained an MSB license in the United States, allowing platform users to trade digital assets compliantly and legally. In Dubai, or the UAE region, there are four major regulatory bodies: DMCC, VARA, DIFC, and ADGM, and obtaining all four licenses is within MetaTdex's compliance planning. This time in Hong Kong, they also hope to apply for a Hong Kong Type 7 license through a reverse listing.
It is reported that MetaTdex offers a new cross-border asset allocation solution - the MetaTdex Meta Asset Cross-Chain Bridge. The Meta Asset Cross-Chain Bridge enables the interoperability between tokens and traditional capital market assets, allowing digital assets in the Web 3.0 world to flow smoothly into the Web 2.0 asset (stocks) domain.
Big Demo Day is a large-scale offline Web3 Roadshow event in Hong Kong initiated by Central Research, co-organized by Web3Hub, and supported by media such as MarsBit. This event showcases absolute confidence in the market development of the entire Web3 field, aiming to combine multiple resources to provide the most complete and convenient services for quality projects, assist the development of the WEB3.0 community, and create a thriving WEB3.0 ecosystem. As of now, over 30 Web3 projects have registered, and it is expected to bring new narrative logic and development opportunities to the Web3 field in Hong Kong and even Asia.
