SINGAPORE, Feb. 8, 2021 /PRNewswire/ — DMEX, a decentralized cryptocurrency trade, has launched public buying and selling of derivatives with no gasoline charges in response to the rising demand for brand spanking new merchandise amongst crypto customers and rising charges on the Ethereum community. The launch comes after rigorous testing of the platform’s options has confirmed its efficient operation and easy consumer expertise.
DMEX decreased gasoline charges to a close to zero degree by utilizing xDAI sidechain for processing buying and selling transactions, whereas retaining consumer funds saved on the Ethereum blockchain. The transition permits merchants to position orders ranging from $10. Customers can now ship withdrawal requests from the xDAI buying and selling contract to the Ethereum custody contract, bypassing gasoline charges.
DMEX provides customers a collection of buying and selling pairs and perpetual contracts with as much as 100x leverage, with BTC, ETH, or DAI as margin currencies. Among the many benefits that set DMEX apart from different crypto exchanges are the flexibility to retain full custody of funds whereas buying and selling and no KYC procedures.
The brand new market choices and consumer expertise offered by DMEX has seen excessive demand amongst skilled merchants on the lookout for extra dependable platforms free from third-party stress because the market is progressively shifting away from centralized buying and selling to decentralized platforms. The merchants’ want for anonymity and need to chorus from the restrictions set by rules can be giving exchanges like DMEX, with their lack of KYC necessities, the eye and neighborhood assist that ensures their growth.
The DMEX growth workforce is intent on increasing the performance and capabilities of the platform. Plans for the close to future embrace the addition of latest foreign money pairs and margin currencies to broaden the checklist of tradable property and entice broader audiences of customers. The trade additionally plans to broaden its market presence and take up a bigger share of the decentralized buying and selling business, basing its growth on the product providing and worth for customers.
DMEX is the primary decentralized margin trade with as much as 100x leverage that gives derivatives buying and selling with zero gasoline charges and no KYC necessities. Powered by Ethereum sensible contracts, DMEX supplies safe buying and selling providers guaranteeing that solely consumer can entry and management their non-public information and funds.