At a time when the price of ether has been dominating the headlines, traders will now be able to capitalize on its volatility and scalp for single-tick profits making money on the smallest price fluctuations.
Launching on July 31, initially with just one market, BTC/USD perpetual futures, the brand-new exchange offers a unique trading scenario for its users that is garnering the growing interest of the community. By removing the fees from all transactions, traders can enter and exit as many trades as they like with no barriers in the form of hefty commissions eating into their profits.
After deciding to focus all the volume and liquidity initially on one market, Digitex is building out its offering allowing traders to participate in aggressive short-term trading strategies that were previously not possible on fee-charging exchanges. As a futures exchange, not only can short-term traders like scalpers take advantage of ETH’s massive momentum to the upside this year; but those who can spot a trend can also make gains if ETH takes a turn to the downside as witnessed over the weekend.
“We’re really pleased to see the exchange getting more users and starting to gain momentum,” said CEO Adam Todd. “We believe that because of the interest surrounding ETH and DeFi, this market will be a popular one for traders to speculate on and it’s just the second of many more markets that we have coming out this month.”
After a successful and highly publicized public launch, Digitex has been winning over more traders and will shortly be announcing the addition of Ripple’s XRP against the USD, as well as traditional markets including gold, oil, and the S&P 500. Against the backdrop of today’s uncertain global economic times and in the runup to the U.S. election, these traditional markets are likely to see strong volatility.
“We will be the first exchange to offer both traditional and crypto markets completely commission-free all easy to trade on a single-click trading ladder,” Todd explained. “We believe that many crypto traders want to gain exposure to traditional markets and we are happy to offer them a platform to do this that is built in their interests and is completely commission-free.”
For further information about Digitex Ltd, please visit www.digitexfutures.com.
About Digitex Ltd
Digitex Ltd is a zero-fee cryptocurrency exchange with its native DGTX token. The exchange’s flagship product is futures, however, it will be launching spot market trading as well as non-custodial accounts. Registered in the Republic of Seychelles, the company was founded by a former futures trader and betting-exchange trader and has developed a revolutionary token issuance revenue model for sustainably operating an exchange without charging commissions.