DMEX, a decentralized cryptocurrency alternate, this day offered it has launched public buying and selling of derivatives with out a gas costs in accordance to the rising ask for save spanking novel products amongst crypto customers and rising costs on the Ethereum community.
By utilizing the xDAI sidechain for processing buying and selling transactions; DMEX diminished gas costs to an in depth to-zero level whereas maintaining particular person funds kept on the Ethereum blockchain. The transition enables traders to living orders beginning from $10. Customers can now send withdrawal requests from the xDAI buying and selling contract to the Ethereum custody contract, bypassing gas costs.
DMEX provides customers a preference of buying and selling pairs and perpetual contracts with up to 100x leverage, with BTC, ETH, or DAI as margin currencies.
The DMEX construction crew is intent on rising the functionality and capabilities of the platform. Plans for the near future consist of the addition of fresh currency pairs and margin currencies to rep bigger the list of tradable property and appeal to broader audiences of customers.