LevelTradingField Launches CADE Exchange for Crypto Derivatives
Chicago-based trading platform LevelTradingField launched a crypto derivative exchange earlier today. The Ethereum-based exchange is called CADE.
The Crypto Assets Derivatives Exchange, or CADE, will only list proprietary digital assets created by the platform itself. CADE assets will be Ethereum-based ERC20 tokens programmed to perform like derivative instruments while tracking an underlying commodity or asset. Traders can get a stake in the underlying coin without actually owning the coin.
You can create a free account today by visiting online at LevelTradingField.com. In addition to institutional investors, the platform caters to commercial hedgers, institutional traders, and proprietary traders, including traders who use LevelTradingField’s data streams to develop algorithms.
Chicago-based LevelTradingField offers institutional-grade trading, risk management, communication, research, and analysis tools to institutional and retail investors. Today, the company’s platform features hundreds of tools that allow traders to analyze all types of assets, including cryptocurrencies, energy assets, agricultural commodities, interest rates, foreign exchange rates, and more. Traders of all sizes can access these data feeds while trading futures and options.
CADE hasn’t exactly been a secret: CADE has been in beta testing for the last four months. Now, coming out of beta, CADE will launch ERC20-based derivative tokens based on the following cryptocurrencies:
All derivative tokens on the exchange will be priced in a stablecoin called LUSD, developed in-house by LevelTradingField. That stablecoin is pegged to the US Dollar.
In a press release announcing the launch of CADE, LevelTradingField explained that the derivatives trading platform will integrate directly with the hundreds of tools offered by the company.
LevelTradingField has another advantage over other derivatives markets: traders do not need to own the perpetual token prior to selling or shorting. Because of this unique feature, the perpetual token is a useful tool for hedging by miners and other digital asset hodlers.
Perpetual tokens will calculate their daily settlement price by checking the price of the underlying asset on several reputable cryptocurrency exchanges.
Back in April, LevelTradingField launched a “cryptocurrency feed” in partnership with connectivity infrastructure company NetXpress. The tool allows traders to access information directly from major cryptocurrency exchanges. Today, algorithmic traders are using that information to make decisions on whether to route their orders.
To learn more about the new CADE platform available with LevelTradingField, visit online today at https://leveltradingfield.com/