Former Mt.Gox CEO Mark Karpeles plans to launch his new cryptocurrency trading platform, EllipX, later this month. The platform aims to increase transparency and offer a user-friendly experience. EllipX is set to launch in the European market with its headquarters in Poland. Karpeles stated that the structure of EllipX will mirror that of the New York Stock Exchange but tailored for the cryptocurrency market. To ensure platform transparency, Karpeles plans to separate different operational units of the trading platform to achieve more efficient operations and higher credibility.