Disclaimer: This a paid post, and should not be treated as news/advice.
It’s all happening in the crypto-derivatives market right now. Hot on the heels of the news that Bakkt will launch its institutional futures platform in September, Digitex Futures has now confirmed that it will launch its zero-fee retail futures offering on the public testnet on November 30. In collaboration with its development partner SmartDec, Digitex will undergo a period of testing with a limited group of traders. Thereafter, the exchange will open for a full public launch.
SmartDec has confirmed that the initial Digitex public testnet launch will support up to 10,000 concurrent users who will participate in the virtual trading of BTCUSD perpetual swaps. Based on Ethereum’s Plasma technology, the platform can manage speeds of up to 50,000 transactions per second.
The testing phase is expected to last a few months, after which the public launch will enable traders to participate in futures trading without paying any maker or taker fees. This model is in contrast to all other existing crypto-derivatives platforms on the market today, which charge a per-transaction fee.
Due to the promise of zero-commission trading, the Digitex team is anticipating significant demand for the service. The company has collected over 1.5 million signups to its waitlist, along with amassing a sizable following of over 150k followers on its various social media channels.
How Does a Zero-Commission Exchange Work?
Digitex is able to offer zero-commission trading through the utility of its exchange token, DGTX. All trading and account balances will be denominated in DGTX, meaning that traders need to hold DGTX to access zero-fee trading.
The company operates a treasury, which is releasing 10 million DGTX tokens in quarterly increments for the next two years.