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

About this update from Abaxx Technologies Inc

Abaxx Exchange Surpasses 100,000 Contracts Traded in a Single Day TORONTO, July 01, 2026 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (TSX:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today announced that Abaxx Exchange surpassed 100,000 contracts traded in a single day on July 1, 2026, with total volume reaching 117,879 contracts. Highlights Abaxx Exchange reached over 100,000 contracts traded in a single day for the first time on July 1, 2026, with volume totaling 117,879 contracts.Daily trading volume in Gold Singapore futures (GKS) reached 116,052 contracts for the first time, surpassing its previous single-day high of 45,501 contracts set on May 14, 2026. This activity reflects continued progress in building initial liquidity in these markets. The July 1 single-day volume is equivalent to approximately 10% of the Company’s stated 1 million average daily volume target, as individual markets each develop and scale along their s-curve towards their total addressable market. These efforts continue as Abaxx Exchange expands connectivity across clearing firms, ISVs, data distribution partners, brokers, liquidity providers, financial trading participants, and commercial trading participants. The Company anticipates this initial liquidity will continue to attract additional participants as liquidity begets liquidity, setting the stage for further market development and maturation."Abaxx is overcoming the dual challenge of building the first greenfield, physical-commodity clearinghouse in decades while developing liquidity under the compounding constraints of a young exchange launching unique products in volatile markets,” said Abaxx CEO Josh Crumb. “Our efforts to seed liquidity have translated into a deeper order book, tighter prices, and consistent liquidity across our markets. This creates greater commercial opportunity for trading participants and helps attract additional clearing members with growing clearing fees and margin contributions in Abaxx markets.” About Abaxx TechnologiesAbaxx Technologies Inc. (TSX: ABXX | OTCQX: ABXXF) is building Smarter Market...

View stock analysis, news, and events for Abaxx Technologies Inc