The Open Exchange, a bankruptcy claims exchange co-founded by Kyle Davies and Su Zhu, has had a slow start with only $1.26 worth of trades executed since it launched on Tuesday. The CEO Leslie Lamb has cited the lack of liquidity due to the absence of internal market makers, and a public marketing program will be rolled out to increase liquidity. It remains unclear whether the issue is a lack of demand or customer enlistment. The tokenized bankruptcy claim feature is not live yet, and the FLEX token has dropped 28% in value.
