On September 4th, former Mt. Gox CEO Mark Karpeles plans to launch his new cryptocurrency trading platform later this month, with a focus on transparency and user-friendliness. The upcoming platform, called EllipX, is scheduled to launch in Europe later this month and is headquartered in Poland. Karpeles said that the structure of the new trading platform will be similar to the New York Stock Exchange, but for cryptocurrencies. To ensure the transparency of the platform, Karpeles plans to separate the different working bodies of the trading platform.