Northwire Canada EditionThursday, October 15, 2026
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
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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