Digitex Futures Exchange - A Full Review Of Its Features

sussan (61)in #digitex • 7 years ago (edited)

Trading bitcoin futures can be highly profitable. However, where you trade bitcoin futures and how you trade matters. Digitex Futures Exchange offers irresistible services and can rightly be called the Futures Traders’ dream exchange.

DigitexFutures

Owing to the volatility of cryptocurrencies and the current bear market trend, trading bitcoin futures seem to be a much safer option since bitcoin futures allows traders to bet against bitcoin and settle contracts in dollars thereby increasing liquidity. Also traders/investors get to trade off cryptocurrency without actually owning it which protects them from the volatility in the real-time spot market.

Another reason why trading bitcoin futures is a better option is that the futures contracts cannot be hacked or stolen like some people’s wallet got hacked. Miners are also joining this trend due to rising costs of mining bitcoin as the supply of bitcoin nears the maximum 21 million.

Trading bitcoin futures at the best available exchange could mean all the difference between a trader’s profits and losses.

Digitex Futures Exchange – No Commission, Zero-Fees

Digitex Futures exchange does not charge transaction fees of any type on the exchange. Neither does it charge commissions for the services they provide. The digitex team thought about it and decided that active traders will not be charged for providing liquidity. This is actually very interesting and a relief to traders because charging commissions is the order of the day for exchanges (especially futures exchanges) and transaction fees is the main way exchanges generate revenue to cover operational costs. But Digitex Futures comes along and declares “zero commissions, zero fees”. How then does Digitex Futures intend to cover operational costs and maintain the platform?

Digitex Futures does this by creating an ERC-223 standard token on the Ethereum blockchain which will be used on the exchange and will be sold for revenue. The Digitex team will create new tokens annually to generate revenue. This creation of new tokens will commence two years after the launch of the exchange since somefunds has already been generated from the ICO. The number of new tokens to be created will be decided upon by traders and token holders in a decentralized governance manner where votes will be cast.

DigitexMore Features of Digitex Futures Exchange

Security of funds:

The funds of traders will NOT be held on the exchange. Instead, a smart contract would hold funds so that in the unlikely case of a security breach, Digitex does not have funds that can be stolen. Using a smart contract to hold funds mean that Digitex cannot freeze a trader’s account balance for any reason.

Large Tick Sizes:

A tick is the smallest price movement a futures contract can make either up or down. Digitex allows large tick sizes. This enables volatile futures to be constantly displayed on a scalper-ffriendly one click trading interface.

High Leverage:

Digitex Futures offer up to 100x leverage. This means that traders can carry out margin trading with up to 100 times their account balance. This allows for higher percentage gains (or losses) for small price movements.

Lightening Speed Order matching:

With Digitex order matching engine, trades can be matched in less than one millisecond. This is possible because Digitex is built on the Er lang/OTP stack programming language and the trading interface updates prices in real time.

One-click ladder Trading interface:

Being able to quickly click on trades for instant execution is very important and for this reason, digitex provides a ladder interface that allows traders to create ‘Buy and Sell’ orders instantly with just a single click without necessarily using the keyboard. Market bids and offers will be displayed in a central price ladder so that traders can see all the price action.

No Auto-deleveraging:

Existing Futures exchanges close out users on some occasions to protect themselves from losses. Digitex does not automatically close out a trader’s position when a counterpart trader’s losing trade is stopped out because he was highly leveraged. Traders on Digitex will not miss out on profits that they correctly predicted.

Automated market Maker:

Traders prefer trading on liquid markets with tight spreads where orders can get filled quickly with minimum slippage. Digitex provides automated market makers that are trading bots with in-built algorithms programmed to break even. These bots help to create liquid futures markets with tight bids and offer spreads which increases liquidity.

Digitex Futures Exchange Launch and Live Demo in Malta

The Digitex team announced that the exchange would go live in Q4 2018 and the CEO, Adam Todd has affirmed the launch in the next 2-3 months. Also, the Digitex team will present a live demo in the Malta blockchain summit coming up next month with over 5000 delegates present. Attendees will be privileged to see the Digitex Exchange live in action. The event will also be streamed live so people can tune in and watch.
Adam Todd will also deliver a keynote speech on zero-fees cryptocurrency futures trading.