DFE

DFE Hit Massive 24 Hour Volume High of $1.4 billion

Digitex Futures
• Digitex Futures
July 27, 2020

This weekend, the DFE has set a new record 24-hour volume high. As of this morning, we have traded an astounding $1.4 billion in the last 24 hours. And we are still five days out from our public launch.

In the early hours of this morning, Bitcoin sailed past $10,000, which has represented a powerful multi-year resistance level. Crypto traders have responded with gusto, seeing trading volumes on all exchanges move towards a monthly high of $15 billion.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 1
Source: Skew.com

As we aren’t yet open to the public, the DFE isn’t even yet listed on Skew. Yet our performance is already far outstripping some of the established players on here. Around 9am UTC this morning, our 24-hour volume was already past $1.4 billion.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 2

For reference, the chart below shows the last week of trading volumes from Bybit, which has been open since early 2018 and claims to have 300,000 active users.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 3

We’ve been onboarding users in droves over the last month. Last week, we did the final big push on onboarding before the public launch, inviting everyone in our waitlist. As a result, we’ve been seeing daily active users increase exponentially since the end of June. But unlike Bybit, we can’t yet claim to have 300k active users.

And yet, we’ve surpassed their trading volume over the weekend.

So How Are We Doing It?

The DFE is achieving these kinds of volumes for two reasons. First off, we’ve been around for the last two years, during which time we’ve been continuously marketing our unique offering and built a large and loyal community, including an extensive waitlist, before we ever started onboarding traders. So it’s not like we’ve emerged from nowhere with all this liquidity – we’ve been onboarding users who have been chomping at the bit to get on the DFE and start trading. And there’s plenty of juice left in the marketing engine to enable further growth.

But the second reason is less prosaic. We’re achieving these volumes because we are changing the way that traders trade. With zero fees, there are zero limits to how much volume any one trader can put through the exchange in a single day. Unlike Bybit and the rest of the competition, our traders can hop in and out of positions with the click of a mouse, riding bulls and bears with as many trades as they like, without any house edge working against them. The unique zero-fee model combined with one-click trading creates a powerful opportunity for anyone to make money like nowhere else in crypto.

Due to this revolutionary new way to trade creating a paradise for scalpers and swing traders, the DFE is outperforming the competition even before we’ve opened to the public. What’s more, the DFE has only recently moved to offer 25x leverage, with 100x still to come. Bybit, BitMEX, and the others are already offering 100x leverage, meaning that DFE volumes will level up even further once traders have the opportunity for even greater gains.

We also have the API still in the pipeline, which once launched, will give users the ability to plug into the DFE and trade using bots. The development team will roll this out right after the public launch. While we’re eager to open algorithmic trading as soon as possible, we’re expecting a huge increase in users on Friday during our $250,000 DGTX giveaway, so we don’t want anything to jeopardize their first impressions of the DFE.

DGTX Gets Another Endorsement on YouTube

At the end of last week, YouTuber CTO Larssen posted a video with a ringing organic endorsement of the DGTX token. In the video, he explains why, even as someone who doesn’t trade with high frequency, DGTX is a worthy investment. Our unique business model means that with the public launch around the corner, demand for DGTX is set to skyrocket. CTO Larssen has captured some of this value as an early investor in DGTX. His video is a must-watch for any non-traders looking for the next big altcoin investment. Check it out below.

Full Friday Lineup Still to Come

Keep your eyes on the blog this week, because in the next couple of days, we’ll be announcing the full lineup for Friday’s big launch event. Last week, we confirmed the first raft of influencers who’ll be participating with Adam live on the day, including Ivan on Tech, Altcoin Daily, Crypto Zombie and more. With even more big-name pro traders and crypto influencers to come, July 31 is set to be summer’s hottest day in crypto. Watch this space!

July 27, 2020
Digitex Futures

DFE Hit Massive 24 Hour Volume High of $1.4 billion

Digitex Futures
DFE

This weekend, the DFE has set a new record 24-hour volume high. As of this morning, we have traded an astounding $1.4 billion in the last 24 hours. And we are still five days out from our public launch.

In the early hours of this morning, Bitcoin sailed past $10,000, which has represented a powerful multi-year resistance level. Crypto traders have responded with gusto, seeing trading volumes on all exchanges move towards a monthly high of $15 billion.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 4
Source: Skew.com

As we aren’t yet open to the public, the DFE isn’t even yet listed on Skew. Yet our performance is already far outstripping some of the established players on here. Around 9am UTC this morning, our 24-hour volume was already past $1.4 billion.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 5

For reference, the chart below shows the last week of trading volumes from Bybit, which has been open since early 2018 and claims to have 300,000 active users.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 6

We’ve been onboarding users in droves over the last month. Last week, we did the final big push on onboarding before the public launch, inviting everyone in our waitlist. As a result, we’ve been seeing daily active users increase exponentially since the end of June. But unlike Bybit, we can’t yet claim to have 300k active users.

And yet, we’ve surpassed their trading volume over the weekend.

So How Are We Doing It?

The DFE is achieving these kinds of volumes for two reasons. First off, we’ve been around for the last two years, during which time we’ve been continuously marketing our unique offering and built a large and loyal community, including an extensive waitlist, before we ever started onboarding traders. So it’s not like we’ve emerged from nowhere with all this liquidity – we’ve been onboarding users who have been chomping at the bit to get on the DFE and start trading. And there’s plenty of juice left in the marketing engine to enable further growth.

But the second reason is less prosaic. We’re achieving these volumes because we are changing the way that traders trade. With zero fees, there are zero limits to how much volume any one trader can put through the exchange in a single day. Unlike Bybit and the rest of the competition, our traders can hop in and out of positions with the click of a mouse, riding bulls and bears with as many trades as they like, without any house edge working against them. The unique zero-fee model combined with one-click trading creates a powerful opportunity for anyone to make money like nowhere else in crypto.

Due to this revolutionary new way to trade creating a paradise for scalpers and swing traders, the DFE is outperforming the competition even before we’ve opened to the public. What’s more, the DFE has only recently moved to offer 25x leverage, with 100x still to come. Bybit, BitMEX, and the others are already offering 100x leverage, meaning that DFE volumes will level up even further once traders have the opportunity for even greater gains.

We also have the API still in the pipeline, which once launched, will give users the ability to plug into the DFE and trade using bots. The development team will roll this out right after the public launch. While we’re eager to open algorithmic trading as soon as possible, we’re expecting a huge increase in users on Friday during our $250,000 DGTX giveaway, so we don’t want anything to jeopardize their first impressions of the DFE.

DGTX Gets Another Endorsement on YouTube

At the end of last week, YouTuber CTO Larssen posted a video with a ringing organic endorsement of the DGTX token. In the video, he explains why, even as someone who doesn’t trade with high frequency, DGTX is a worthy investment. Our unique business model means that with the public launch around the corner, demand for DGTX is set to skyrocket. CTO Larssen has captured some of this value as an early investor in DGTX. His video is a must-watch for any non-traders looking for the next big altcoin investment. Check it out below.

Full Friday Lineup Still to Come

Keep your eyes on the blog this week, because in the next couple of days, we’ll be announcing the full lineup for Friday’s big launch event. Last week, we confirmed the first raft of influencers who’ll be participating with Adam live on the day, including Ivan on Tech, Altcoin Daily, Crypto Zombie and more. With even more big-name pro traders and crypto influencers to come, July 31 is set to be summer’s hottest day in crypto. Watch this space!

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