Mark Karpeles, the former CEO of Mt. Gox, is launching a new crypto exchange, EllipX, later this month in Europe. The platform aims to prioritize transparency and user-friendliness, with a structure resembling the New York Stock Exchange. EllipX will separate trading, brokering, and storage functions to enhance users' security and clarity. The exchange also plans to share technical data and undergo third-party audits to build trust. Karpeles, influenced by his experience at Mt. Gox, hopes EllipX will set a new standard in transparency across the crypto industry.