Northwire Canada EditionFriday, July 10, 2026
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FCI 0.440 +0.0% GR 0.075 +0.0% AII 20.80 +0.0% TUNG 1.69 +0.0% LGO 1.04 +0.0% EMM 0.080 +0.0% OGN 3.38 +0.0% MSA 6.43 +0.0% SGZ 0.045 +0.0% S 0.120 +0.0% GRSL 0.320 +0.0% DEX 0.385 +0.0% WMS 0.040 +0.0% EMPR 0.820 +0.0% SAGA 0.480 +0.0% ABX 52.22 +0.0% FCI 0.440 +0.0% GR 0.075 +0.0% AII 20.80 +0.0% TUNG 1.69 +0.0% LGO 1.04 +0.0% EMM 0.080 +0.0% OGN 3.38 +0.0% MSA 6.43 +0.0% SGZ 0.045 +0.0% S 0.120 +0.0% GRSL 0.320 +0.0% DEX 0.385 +0.0% WMS 0.040 +0.0% EMPR 0.820 +0.0% SAGA 0.480 +0.0% ABX 52.22 +0.0%
Production / Operations Routine +

Abaxx Exchange Surpasses 100,000 Contracts Traded in a Single Day

Greenfield exchange volume scales, but dilution and short-seller attacks have erased half the market cap in six weeks.

By The Northwire Desk — AI Analysis Jul 01, 2026 · 16:30 ABXX · 28.24 ABAXX TECHNOLOGIES INC
Executive Summary
  • Abaxx Exchange achieved a record single-day trading volume of 117,879 contracts on July 1, 2026.
  • Gold Singapore (GKS) futures accounted for 116,052 contracts, driving the milestone.
  • The previous single-day high was 45,501 contracts set in May 2026.
  • This volume represents approximately 10% of the company's stated 1 million average daily volume (ADV) target.
  • CEO Josh Crumb highlighted progress in seeding liquidity, noting deeper order books, tighter prices, and consistent liquidity across markets.
  • The exchange continues expanding connectivity across clearing firms, ISVs, data partners, and trading participants.
Material Impact
  • The July 1 volume milestone is a positive operational update that confirms the exchange is successfully seeding liquidity and attracting participants. However, it is fully consistent with management's prior s-curve guidance and does not represent a fundamental re-rating event.
  • The market's -52% decline since late May reflects pricing in of the $69M dilution and Viceroy Research allegations. This news does not offset those overhangs.
  • The underlying facts (volume growth) diverge slightly from the price action (sharp decline), but the price action is justified by capital allocation concerns and short-seller fears rather than operational failure. The news is Routine - Positive.
ABXX · Price
Company Overview
  • Abaxx Technologies operates a greenfield, physically deliverable commodity futures exchange and clearinghouse based in Singapore.
  • Product suite includes LNG, carbon, battery materials, precious metals, and weather-indexed derivatives.
  • Technology platform includes MarketOS for identity verification and collateral mobility, and ID++ for decentralized identity and verifiable credentials.
  • Regulatory milestones include CFTC Foreign Board of Trade (FBOT) registration and EU ACER Organised Market Place (OMP) status.
  • Subsidiaries include Abaxx Spot (physical gold trading), Adaptive Infrastructure (custodial services), and Abaxx Labs (open-source developer tools).
Read the original news release →

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