More

    Commission-Free Digitex Futures Exchange Registers Over One Million in Waitlist Anticipation

    It’s now a matter of time before Digitex Futures, a fast-rising futures exchange in the Blockchain space, unleashes its zero-commission incentive. The platform is reportedly ready to introduce futures markets with a major focus on forex, ordinary commodities, indices and metals in its portfolio.

    According to an alert posted on the official website of Digitex Futures, the commission-free futures exchange will commence after a public launch that’s slated for April 30th, 2019. The startup has already surpassed a million people on its signups whitelist, a feat that is nothing short of impressive.

    Among the major goals of Digitex Futures is to bridge the gap that exists in today’s exchange market. This gap, according to Digitex, exists because the heavily regulated exchanges charge ridiculously high fees. If the customers, however, turn to the smaller and cheaper platforms, they are faced with the susceptibility to fraud and cryptocurrency criminals.

    A perfect example happened just recently in New Zealand. The country’s popular crypto exchange, Cryptopia, suffered the brunt of hackers, losing over $16.1 million in customers’ funds stored in the platform’s Ethereum wallets. There have been more similar cases, especially amongst centralized exchanges.

    Decentralized exchanges have attempted to offer better alternatives in the wake of the increased attacks. But despite offering lower fees and promising more hacker-proof security measures, most of them still register low rates of adoption, according to Digitex.

    Digitex – a Timely Alternative Futures Markets Platform

    It’s because of this that Digitex is solemn with its quest to lead the way. As at now, it has possibly the most vibrant crypto communities with a Telegram channel whose 65,000 members engage in endless meaningful conversations throughout. On top of that, it now has over a million signups, all of them eagerly waiting for the platform to go live.

    Fueled by the investor enthusiasm, plans to launch it already at an advanced stage. April 30th is the day and it’s now a matter of time before one of their goals becomes a reality. Digitex is optimistic that by providing automatic market makers, an intuitive UI as well as guaranteed liquidity and zero trading fees, they’ll have served the crypto community what it has been praying for.

    The exchange will be commission-free, but that’s not all. Within the platform, users will use the DGTX token – Digitex’s native coin, available on Digitex Treasury. The idea behind making the platform commission-free, therefore, is to increase the demand for the tokens.

    Away from the launch, Digitex is planning to take advantage of it and unleash a mobile app. The app, they say, will be specifically for the on the go, rapid-fire trading.

    Details of Digitex’s Futures Markets Model

    Digitex’s foray of the futures markets will expose it to the world of forex, indices, metals and commodity exchanges. This company expects to expand its portfolio and reach the ordinary zero-commission trading-loving retail futures traders. Once the ball has successfully rolled, Digitex will introduce spot markets, all for the convenience of the customers.

    The platform is built on top of the impenetrable Ethereum Blockchain and as the company states, they will be among the first ones to adopt Eth’s Plasma protocol. One exciting thing with the protocol is that Digitex Futures will not be the custodian of the funds of its users – everyone will own their own private key. Also, balances will effectively be relayed to a smart contract built on the Blockchain.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,262FansLike
    2,714FollowersFollow
    4,095FollowersFollow

    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    $7 Trillion AUM Giant Fidelity Posts Job Opening For Bitcoin Mining Engineer

    Fidelity is looking to expand operations and as a result, is hiring a Bitcoin (BTC) mining engineer to help with the design, maintenance, and...

    Australia’s Financial Watchdog Grants Raiz Micro-Investing App Users Access To Bitcoin Fund

    Australian Securities and Investment Commission (ASIC), the nation’s financial industry watchdog has approved the launching of a Bitcoin fund that will be operated by...

    Argo's Bitcoin Mining Revenue Jumps 10x In 2019, Operations Ramping Up For 2020

    It has been reported that Argo Blockchain’s Bitcoin (BTC) mining form took 10 times more revenue in 2019 than it did in 2018. The announcement...

    After Passing Strict Regulatory Standards, Zipmex Crypto Exchange Granted License by Thai SEC

    The Asia-Pacific crypto-fiat exchange Zipmex has been given a digital assets exchange license by the Thai Securities and Exchange Commission (SEC). As stated in a...

    South Korea Might Re-Categorize Cryptocurrencies, Imposing A 20% Tax On Gains

    South Korea one of the most progressive nation in terms of evolving technology adoption might impose a 20% tax on crypto gains in the...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.