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Digitex Futures Beta launched with zero commission BTC/USD trading

Digitex Futures Beta launched with zero commission BTCUSD trading

Digitex Futures Beta just went live. The traders can now test the much-awaited zero-commission futures exchange in its beta version. The exchange created a lot of hype when it promised that BTC/USD perpetual swaps would enjoy a zero-commission. And the beta version does exactly that!

Unlike competitors such as BitMEX, Digitex Futures has marketed itself as a retail-focused futures exchange. The standout feature of Digitex Futures Beta has to be the DGTX token that powers the zero-free trading feature. Hence, it is mandatory to hold DGTX to join the commission-free trading community at Digitex. The profits, losses, and account balances are all in DGTX denomination. Think of it as your ‘passport to Digitex Futures’ exchange.

Digitex Futures Beta will help develop the actual platform

The Digitex Futures Beta will support around ten thousand (10K) concurrent users. It will power approximately fifty thousand (50K) transactions per second. Initially, just one market will be available.

Being a beta version, users won’t be able to trade with real tokens as yet. Instead, their accounts will be filled with one hundred thousand (100,000) virtual DGTX, which is equivalent to four thousand dollars ($4K). Users can test their trading strategies and also create their trading mechanisms virtually to test the platform.

Adam Todd, the CEO of Digitex, says that this beta version testing phase will reflect how the exchange will perform in real-world conditions. As it goes through its paces, functional and operation bottlenecks can be sorted out by the development team.

Digitex Trading Ladder will be the USP feature

Users can also experience the ‘Digitex Trading Ladder.’ This is the ‘One Click’ feature of the trading platform that traders can activate from the chart itself. However, this feature can lead to trading frictions during the volatile price movements.

Digitex will also collect feedback from the users so that real-world changes can be added to the platform before the real launch. They will undoubtedly make changes to the interface, depending on the user’s feedback.

Image Source: Pixabay

Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

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