LXDX is all set to start live trading on its digital currency derivatives exchange. After several weeks of publicity and sensitizing investors on the service options and benefits of the platform the exchange made the final announcement. The company has kick-started mandatory user sign-up and KYC procedures for the first batch of intended users.
“Crypto needs trading venues that give traders the option to both speculate on volatility, and also hedge against price movements in the opposite direction,” Joshua Greenwald, CEO of LXDX said, “We’ve seen recently a large downside devaluation that the majority of investors have had no way to protect themselves from. The addition of derivative products will surely make our crypto markets healthier. We’re excited to be opening our doors to traders on the LXDX platform for account creation and early access.”
LXDX has a robust trading framework, that is aimed at increasing profitability chances for crypto traders. LXDX is introducing an apt derivatives function roadmap. This operation method would work similar to conventional financial derivatives, except that it would be operated in and for cryptocurrencies.
LXDX aims at providing improved trade liquidity, centered around improved investment products. Investors can leverage on the advantages of advanced tools such as hedge and speculative trading options. The users will be able to carry out derivative investments at low sums.
What Sets LXDX Apart?
LXDX primarily focuses on cryptocurrency and digital asset derivatives. The platform has very little entry and trading costs when compared to traditional and other digital exchanges. LXDX aims to offer its users a platform with high liquidity, reliability, security, and surveillance which many of the existing exchanges fail to offer.
The platform is all set to attack liquidity challenges with tactics such as decreased latency, developing active relationships with high volume traders, efficient contract designs and many others. In an effort to increase the reliability factor, LXDX will use cloud services as well as strictly tested modular hardware design for its platform.
To ensure that the platform is foolproof, the platform has third-party security audit companies to test. Also, LXDX has two teams which constantly do attack and defend practices on the platform’s coding to find vulnerabilities and close them.
The LXDX exchange is carefully built on C++ high-value proprietary programming, which is pivotal to the exchange’s unprecedented transaction speed tendencies. This feature would allow user transactions to occur in split seconds- from the point of initiation to the final execution.
Furthermore, the LXDX token would serve as the transaction tool between the service-providing LXDX exchange, and the individual trading investors. This security token would be a guaranteeing asset that gives the holder access to partake of the LXDX exchange profits- based on the percentages as distributed by the company. Hence, an investment in the LXDX token simply means that the investor is supporting the company, in exchange for capital equity and rights to dividend claims.