ChainCatcher news, former Mt. Gox CEO Mark Karpeles plans to launch his new cryptocurrency trading platform later this month, focusing on transparency and user-friendliness. The upcoming platform is named EllipX and is set to launch in Europe later this month, headquartered in Poland.Karpeles stated that the structure of the new trading platform will be similar to that of the New York Stock Exchange, but aimed at cryptocurrencies. To ensure the platform's transparency, Karpeles plans to separate the different operational entities of the trading platform. Karpeles is also preparing to launch a nonprofit organization called Ungox, which will provide a rating system for cryptocurrency projects and exchanges.