Digitex Futures — A Recap Explanation of Our Platform Features

The Malta Blockchain Summit was a huge milestone for the Digitex Futures team and one of the most exciting moments was when our CEO Adam introduced the live demo of the platform publicly for the very first time! Here’s a quick recap of what Adam revealed:

The Interface

Well, this one is pretty obvious, right? What good is it having zero trading fees if the interface is clunky and difficult to use? The Digitex Futures entire platform has been built with simplicity and ease of use in mind.

One of the key characteristics of the Digitex Futures exchange is its unique ladder interface. Not only does it look fantastic visually, but it also allows you to submit and cancel trades with one single click. This makes it incredibly easy to get in and out of trades quickly without having to mess around with a keyboard or take your eyes off the action.

Simply choose the number of contracts you want to trade and click the blue box to the left of the price to set a “buy” order–or the red box to the right of the price you wish to set a “sell” order at.

The platform utilizes TradingView charts which are both intuitive for beginners and advanced for pros looking to do an in-depth analysis of the market with a huge variety of trading tools and indicators.

Leverage

Leverage is one of the biggest tools at a trader’s disposal in futures trading and, of course, this is no different on the Digitex Futures Exchange. Essentially, Leverage allows a trader to pay less than full price for a trade, giving them the ability to enter larger positions than would normally be possible with their account funds alone.

For example, a Leveraged position of 5x would allow for trading with 5x less initial margin in your account than would be required without the use of Leverage. This can lead to enhanced returns as you’re essentially trading 5 times more than you have without the full exposure.

However, Leverage trading itself comes with extra risk, the lower initial margin and maintenance margin mean you would be liquidated quicker in the event of a drop in price.

Adam traded with both x10 and x20 Leverage on the Demo, but this can be changed to suit the strategy of each individual trader. Traders can set their desired Leverage (if any) on each futures contract by using a simple slider, which gives them the option to trade with up to x100 Leverage.

Scalping

Scalping is a trading strategy where small, quick profits are taken regularly. Consistently making a small profit adds up quickly and therefore doesn’t require a large bankroll or for you to have much knowledge of the market. Scalpers seek to benefit from small movements in market prices over a very short period of time and are often highly active doing multiple trades per day.

A key aspect of scalping is liquidity as it ensures you can trade in and out quickly and always get the best price you can. Thanks to a large $5 tick size (which reduces noise) and the well-capitalized Digitex Market Makers (which provide liquidity and keep bids and offers tight) single tick scalping strategies will flourish. As Adam says in the Demo, the Digitex Futures exchange is ‘built for the short-term trader’.

Scratching

Simply put, a scratch trade is one in which you close your position at break even, i.e. you settle your position at the exact same price you originally entered at. Scratching is an important tool for the short-term scalp trader as it allows you to get out of the market before the price turns against you.

When scratching on fee-charging platforms, e.g. Bitmex, trading fees are paid every time you make a trade and even though you have bought and sold at the same price you have actually made a loss.

On the other hand, the benefit of scratching is amplified hugely on the Digitex Futures Exchange with zero trading fees on every trade, meaning a scratch trade will result in ZERO loss to a trader.

GBX

The Demo platform utilized the live spot price of Bitcoin in real time through BitcoinAverage using their Global Bitcoin Price Index (GBX). Established in 2013, BitcoinAverage was the world’s first Bitcoin price index and has subsequently grown into one of the most respected and widely used cryptocurrency price indexes.

Final Thoughts

The Malta Blockchain Summit provided us with a fantastic opportunity to showcase our futures platform to the public for the very first time. The feedback we received, both from attendees who saw the platform up close and from everybody else who watched the Demo from Adam on YouTube was overwhelmingly positive.

This positivity provides further validation of what we are doing and we will continue to work day and night to release a fully functional and secure platform as soon as we possibly can. Stay tuned for further news on the Beta release in December!

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