Interdax: Quality Crypto Derivatives Trading Exchange?
There are great prospects for the cryptocurrency markets come 2019, and the new international Digital Assets Exchange (Interdax) is poised to revamp trading.
Interdax leverages the strength of traditional exchange platforms’ technology as well as the latest crypto tech.
A Brief Introduction To Interdax
Interdax is an international cryptocurrency trading platform founded in 2017. The platform has been under development for the past one year and is set to launch in January 2019. The platform will focus its services on a wide range of commodities and assets in three classes: futures, derivatives, and primary perpetual swaps.
Interdax is developed and backed by cryptocurrency experts as well as Wall Street veterans making inroads into a promising market. The company has its headquarters in London and will be launching from Seychelles.
Revamping Cryptocurrency Trading
Interdax offers a vast range of commodities and assets under some of the friendliest terms and innovative ideas. Traders will get access to over 100 perpetual including majors such as BTC, ETH, and LTC. All these cryptocurrencies will be available to cross-trading and also trading against the U.S. dollar. Traders will also access the best leverage levels around: up to 100* leverage on any commodity. The company will also offer its token, the IDAX, as underlying collateral.
Interdax has also come up with a fun new idea of how to get more people interested in cryptocurrency trading: trading battles. The platform will offer its clients the opportunity to engage in a trading competition. All participants will be allocated an equal number of IDAX tokens and provided with a wide range of resources to help with trading.
They will be required to earn as much as possible. The trader with the most profits will be rewarded once the battle is over. These trading battles will be regular.
Utilizing The Best Technology
Modern cryptocurrency exchange sites are plagued by problems such as lack of scalability and congestion, among others. Interdax hopes to overcome these problems by utilizing the technology utilized by traditional exchange platforms and blending it with the latest crypto trading tech.
For starters, Interdax has one of the fastest trading engines capable of accommodating hundreds of thousands of transactions on a single commodity per second. This means that traders no longer have to grapple with slow trading speeds and temporary hitches that can be expensive. Interdax has achieved this by building its platform on KDB+ and C++ platforms in addition to adopting the latest crypto technology.
Interdax also utilizes a powerful API and multiple connectivity channels to ensure that all of its users get the best experience. Connectivity channels will be rolled out through the course of 2014 starting with web sockets and REST in the first quarter of the year.
Finally, Interdax utilizes the best security protocol in the market to ensure that all its clients’ data and assets are safe.
As mentioned, Interdax is headquartered in London and as such complies with the UK’s comprehensive regulations.
It is also currently working on complying with the United States’ stringent laws and hopes to accept American clients by the end of 2019.