AirCarbon Exchange wins “Best Carbon Exchange” in Environmental Finance’s 2021 Voluntary Carbon Market Rankings
SEPTEMBER 13 2021, SINGAPORE, LONDON, ABU DHABI & TORONTO -
AirCarbon Exchange (ACX) is extremely proud to have been recognised as the Best Carbon Exchange in Environmental Finance's prestigious Voluntary Carbon Market Rankings 2021 - the largest and most closely watched survey of the world's Voluntary Carbon market. ACX was launched in 2019 with a vision of bringing transparency, efficiency and liquidity to the voluntary carbon markets, and this award is an affirmation by industry participants worldwide of our innovation and the impact we have made.
“We have seen an exponential increase in interest in the Voluntary Carbon Markets from the private sector. Clients from around the world have been looking for the most efficient and transparent way to trade voluntary credits. We are proud to be the one they have chosen,” said Thomas McMahon, Co-Founder and CEO of ACX.
William Pazos, Co-Founder and Managing Director of ACX, added, “We are becoming a truly global exchange. Our existing presence in Abu Dhabi, covering the MENA region, is being followed by an active presence in the UK, Canada, Brazil, and soon South Africa. We will continue to push innovation.”
Transaction volumes on ACX have increased rapidly, with 2,101,175 tCO2e transacted in the last two months compared to 3,603,284 tCO2e in the first six months of 2021. With the increasing interest in the voluntary carbon markets as well as ACX’s expanding footprint, we fully expect this growth to continue.
About AirCarbon Exchange
AirCarbon Exchange ("ACX") is a global exchange revolutionising the voluntary carbon market. The Exchange currently has a 160-strong client base comprised of corporate entities, financial traders, carbon project developers, and other industry stakeholders. ACX provides its clients with an efficient and transparent trading platform which is easy to use, frictionless and with the lowest commission fees available on the market.
Launched in 2019, the Exchange is a hybrid platform with a traditional central order book architecture that will be familiar to all experienced traders. The Exchange also utilises the speed and efficiency of the Binance Smart Chain public blockchain to achieve atomic T-0 trade execution, clearing and settlement. The Exchange’s core matching engine can currently match trades in the order ~10k per second.
As of May 2021, ACX is the world’s first carbon negative exchange, having offset its carbon emissions 12 months into the future (to May 2022) through the Onil Stoves Guatemala Uspantan project. ACX is committed to continuing to offset all of its emissions 12 months forward.
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