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GOLD 4697.80 +0.4% SILVER 68.59 −1.4% COPPER 6.61 +0.3% OIL 85.01 −2.4% PALLADIUM 1359.75 +0.7% SRA 0.780 +0.0% TUK 0.020 −20.0% GWM 0.610 −4.7% MINE 0.110 +0.0% EGM 0.100 +0.0% IRO 1.11 +2.8% CBR 1.41 +2.5% CTN 0.045 +0.0% GMX 2.06 +2.0% NPR 0.700 −2.8% CGD 1.28 +8.5% CRE 0.390 +13.0% PE 0.250 +0.0% PER 0.150 +7.1% SVRS 0.540 +8.0% EML 0.225 −4.3% GOLD 4697.80 +0.4% SILVER 68.59 −1.4% COPPER 6.61 +0.3% OIL 85.01 −2.4% PALLADIUM 1359.75 +0.7% SRA 0.780 +0.0% TUK 0.020 −20.0% GWM 0.610 −4.7% MINE 0.110 +0.0% EGM 0.100 +0.0% IRO 1.11 +2.8% CBR 1.41 +2.5% CTN 0.045 +0.0% GMX 2.06 +2.0% NPR 0.700 −2.8% CGD 1.28 +8.5% CRE 0.390 +13.0% PE 0.250 +0.0% PER 0.150 +7.1% SVRS 0.540 +8.0% EML 0.225 −4.3%
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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