Digitex Futures launched the public beta for the platform earlier today so the traders can now test the futures exchange with zero-fee trading on Bitcoin and USD swaps as we are reading further in the latest cryptocurrencies news.
Digitex Futures is a retail-driven futures exchange with a very distinct characteristic which is the DGTX token. The token allows zero-fee trading to happen and it is described as the ‘’sole passport’’ to the exchange since it is required to join the commission-free markets. All of the account balances are denominated in DGTX with profits and losses which get settled through the token as well.
Digitex has launched the public testnet for the platform today and there is only one market available for now. The Beta version is expected to support about 10,000 concurrent users with a throughput of more than 50,000 transactions per second. Since it is a test version, the real trading will not be available and the users will receive up to 100,000 virtual DGTX representing more than $4,000 that can be used to test the trading strategies as well as the platform itself.
This is fully intended so the Digitex CEO and founder Adam Todd explained:
“The purpose of launching the beta is to make sure that we put the platform through its paces and ensure its functionality before we go live.”
The beta version will also be the first major trial of Digitex Futures trading ladder which is a feature that allows the traders to look at the platform’s price movement chart to place trades with only a click. The reports that feedback from the closed testing categorized the ladder interface as quite fun and addictive. Todd explained that the system as a very intuitive way to trade and saying that the ‘’interface is more about what the user is not doing than doing.’’
While also reducing the trading frictions which could entice some users, it is also a high-risk play. The short-term nature of ladder trading usually opens the way to significant exposure to random fluctuations. This is why testing the feature is crucial in order to avoid and reduce unnecessary risks for traders.
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