futures

ETHUSD Futures Market Tick Size Will Change to $1

Digitex
Trading
• Digitex
May 11, 2021

Heads up, traders! Digitex will be changing the tick size on our ETHUSD futures market from $0.25 to $1. On May 12 at 12:00 UTC, the Digitex exchange will be down for one hour as we make the necessary adjustment. So, please keep in mind that you will not be able to access your account during that time. All orders on the ETHUSD will be settled, so you should close them ahead.

The Rising Price of ETH

As you all know, the price of ETH has been on an absolute tear this year, running circles around Bitcoin and hitting a new all-time high of more than $4,200! Even today, as it’s cooled off slightly, the number one altcoin is still registering a yearly gain of almost 2000%. Of course, this is great for traders, investors, and Ethereum enthusiasts. But, when it comes to trading on a ladder, a tick size of $0.25 on an asset with such a high price makes for a poor user experience as contracts keep jumping off the ladder.

The change in tick size on the ETHUSD market will prevent this from happening and also make it easier for liquidity miners. So, we can expect to see more bids and offers closer to the spot price after we make the switch, making the trading experience on the Digitex exchange better for everyone. 

Keep in mind that, on the Digitex platform, the $1 tick is equivalent to 1 DGTX. So, when you win or lose 1 tick ($1), you win or lose 1 DGTX. The contract value of ETHUSD remains the same as it was.

Take Advantage of ETH Volatility Trading Commission-Free

As always, with ETH’s skyrocketing price and swift corrections, there’s no better time to capitalize on the premier altcoin’s extreme volatility. So, be sure to get trading on the platform now! Digitex is the ONLY exchange that lets you pursue high-frequency trading strategies that allow you to place unlimited trades without paying any transaction fees of any kind. Simply trade and walk away with 100% of your profit.

Just please keep in mind that the exchange will be down for around one hour on May 12 at 12:00 UTC while we make the switch. We hope you enjoy the improved trading experience. Any questions at all, please contact our customer support or hit us up on our socials. 

May 11, 2021
Digitex
Trading

ETHUSD Futures Market Tick Size Will Change to $1

Digitex
futures

Heads up, traders! Digitex will be changing the tick size on our ETHUSD futures market from $0.25 to $1. On May 12 at 12:00 UTC, the Digitex exchange will be down for one hour as we make the necessary adjustment. So, please keep in mind that you will not be able to access your account during that time. All orders on the ETHUSD will be settled, so you should close them ahead.

The Rising Price of ETH

As you all know, the price of ETH has been on an absolute tear this year, running circles around Bitcoin and hitting a new all-time high of more than $4,200! Even today, as it’s cooled off slightly, the number one altcoin is still registering a yearly gain of almost 2000%. Of course, this is great for traders, investors, and Ethereum enthusiasts. But, when it comes to trading on a ladder, a tick size of $0.25 on an asset with such a high price makes for a poor user experience as contracts keep jumping off the ladder.

The change in tick size on the ETHUSD market will prevent this from happening and also make it easier for liquidity miners. So, we can expect to see more bids and offers closer to the spot price after we make the switch, making the trading experience on the Digitex exchange better for everyone. 

Keep in mind that, on the Digitex platform, the $1 tick is equivalent to 1 DGTX. So, when you win or lose 1 tick ($1), you win or lose 1 DGTX. The contract value of ETHUSD remains the same as it was.

Take Advantage of ETH Volatility Trading Commission-Free

As always, with ETH’s skyrocketing price and swift corrections, there’s no better time to capitalize on the premier altcoin’s extreme volatility. So, be sure to get trading on the platform now! Digitex is the ONLY exchange that lets you pursue high-frequency trading strategies that allow you to place unlimited trades without paying any transaction fees of any kind. Simply trade and walk away with 100% of your profit.

Just please keep in mind that the exchange will be down for around one hour on May 12 at 12:00 UTC while we make the switch. We hope you enjoy the improved trading experience. Any questions at all, please contact our customer support or hit us up on our socials. 

Latest News

Enjoy Commission Free Crypto Trading With Digitex Futures 1

Enjoy Commission Free Crypto Trading With Digitex Futures

Digitex Futures
Trading
• Digitex
April 6, 2021

Digitex Futures is proudly the world’s first commission-free cryptocurrency futures trading platform. Thanks to its one-of-a-kind feature in the blockchain industry, market participants can pursue high-frequency trading strategies that were impossible to perform before. By disrupting the status quo, anyone can now become a consistently profitable trader. 

Creating the Path to Profitability

After spending most of his professional career on the floor of the London International Financial Futures & Options Exchange (LIFFE), Digitex Futures’ CEO Adam Todd had the vision to create a trading platform that completely eliminates all fees. The idea was to provide the nascent cryptocurrency industry with an enterprise-grade futures exchange that would enable any trader in the world to participate in the blockchain revolution. 

Todd understood that newcomers would not only be discouraged by the lack of sufficient liquidity in the cryptocurrency market and the complexity around handling these digital assets but also by the high fees that can completely remove a trader’s edge. As a result, the British entrepreneur decided to level the playing field for the average futures trader by creating a state-of-the-art, user-friendly, and zero-fee crypto futures exchange

The current core strategy that most of the renowned cryptocurrency futures exchanges in the market use to generate profits was created around the idea that a “middleman” is entitled to a fee or commission to provide its services. For instance, an average taker fee is roughly 0.075%, so traders using 100x leverage have to pay a massive 7.50% commission of their margin on every single trade. 

As the world transitions from centralized finance (CeFI) into decentralized finance (DeFi), such an unjust business model that comes at the expense of traders is now obsolete. 

Digitex Futures operates on a winning formula where all commissions and fees are eliminated, making it easy for traders to make money using high-frequency trading strategies. For the first time ever, cryptocurrency enthusiasts can engage in highly active and short-term trades without being penalized by volume-based commissions that make it impossible to make a profit. Anyone can now take single-tick profits and losses without any edge working against them. 

Instead of taking advantage of active traders, Digitex Futures actually rewards them by removing all maker and taker fees and implementing automated market makers’ software. This breakthrough innovation fundamentally changes the blockchain industry’s dynamics, and sooner rather than later other exchanges will have no choice but to follow suit. 

While others try to catch up with Digitex Futures’ zero-fee business model, market participants are welcome to grind out consistent small profits that do not get eaten up by fees using a rapid-fire trading ladder.

Those who have not signed up yet to Digitex Futures can do so easily by clicking the link here. It is time to start making money on cryptocurrency futures whether the market goes up or down. Sign up and take advantage of the world’s first commission-free cryptocurrency futures trading platform.

April 6, 2021
Digitex Futures
Trading

Enjoy Commission Free Crypto Trading With Digitex Futures

Digitex
Enjoy Commission Free Crypto Trading With Digitex Futures 2

Digitex Futures is proudly the world’s first commission-free cryptocurrency futures trading platform. Thanks to its one-of-a-kind feature in the blockchain industry, market participants can pursue high-frequency trading strategies that were impossible to perform before. By disrupting the status quo, anyone can now become a consistently profitable trader. 

Creating the Path to Profitability

After spending most of his professional career on the floor of the London International Financial Futures & Options Exchange (LIFFE), Digitex Futures’ CEO Adam Todd had the vision to create a trading platform that completely eliminates all fees. The idea was to provide the nascent cryptocurrency industry with an enterprise-grade futures exchange that would enable any trader in the world to participate in the blockchain revolution. 

Todd understood that newcomers would not only be discouraged by the lack of sufficient liquidity in the cryptocurrency market and the complexity around handling these digital assets but also by the high fees that can completely remove a trader’s edge. As a result, the British entrepreneur decided to level the playing field for the average futures trader by creating a state-of-the-art, user-friendly, and zero-fee crypto futures exchange

The current core strategy that most of the renowned cryptocurrency futures exchanges in the market use to generate profits was created around the idea that a “middleman” is entitled to a fee or commission to provide its services. For instance, an average taker fee is roughly 0.075%, so traders using 100x leverage have to pay a massive 7.50% commission of their margin on every single trade. 

As the world transitions from centralized finance (CeFI) into decentralized finance (DeFi), such an unjust business model that comes at the expense of traders is now obsolete. 

Digitex Futures operates on a winning formula where all commissions and fees are eliminated, making it easy for traders to make money using high-frequency trading strategies. For the first time ever, cryptocurrency enthusiasts can engage in highly active and short-term trades without being penalized by volume-based commissions that make it impossible to make a profit. Anyone can now take single-tick profits and losses without any edge working against them. 

Instead of taking advantage of active traders, Digitex Futures actually rewards them by removing all maker and taker fees and implementing automated market makers’ software. This breakthrough innovation fundamentally changes the blockchain industry’s dynamics, and sooner rather than later other exchanges will have no choice but to follow suit. 

While others try to catch up with Digitex Futures’ zero-fee business model, market participants are welcome to grind out consistent small profits that do not get eaten up by fees using a rapid-fire trading ladder.

Those who have not signed up yet to Digitex Futures can do so easily by clicking the link here. It is time to start making money on cryptocurrency futures whether the market goes up or down. Sign up and take advantage of the world’s first commission-free cryptocurrency futures trading platform.

Latest News

Commission-Free

Why Pay Fees When You Can Trade Commission-Free?

Digitex Futures
Trading
• admin
April 14, 2020

Digitex is in the process of building the world’s first commission-free futures exchange. For the first time in the history of the financial markets, traders won’t be penalized for doing exactly what the exchange needs to survive – trading. So, as Digitex Futures prepares its platform for launch, could it be on the verge of redefining the way financial exchanges operate forever? Luke Green explains… 

Why Commissions?

Commissions have likely been a part of trading since the first recorded buying and selling of shares occurred in Rome in the 2nd century BC. However, we do know from the Buttonwood Agreement that commissions were an accepted part of trading as far back as 1792.

In this document, the founding fathers of Wall Street agreed to set their commissions at a very reasonable 0.25%. So as a concept, commissions in trading are about as mainstream as wheels on cars.

But why charge commissions? Simply put it’s because there are costs and owners who want to profit. Exchanges are in essence, marketplaces.

So, whether it’s the rental fee for setting out your cake stall or the hosting costs for your exchange interface, marketplaces all have one thing in common. There are overheads that need to be paid.

Of course, there are many ways to recoup these costs. It could be membership fees, listing fees, or software licensing fees, to name a few. However, commissions are favored for their market efficiency.

They allow marketplace owners to recoup costs at the point of exchange but they remove the ‘perceived’ upfront cost for the vendor using the marketplace. On the surface, this seems like a win/win arrangement but the commission model comes with inherent problems. 

For example, if one marketplace becomes the dominant player, it will tend to work against its vendors to maximize profits. Rebalancing can only happen if another marketplace starts to become competitive. 

Specifically, for futures trading, paying a per-trade commission means every trade must meet a minimum profitability threshold since you have to pay the house first. Only once the trade has paid for itself does it become profitable.

So for a short-term trader who’s dependent on fast and frequent transactions, commissions eat into your profits and add to your losses.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Technology Disruption

The New York Stock Exchange (NYSE) was formed in 1792. It dominated the US economy for nearly 200 years until the NASDAQ exchange emerged as a contender in 1971.

NASDAQ took a new technological approach, providing a network of computer terminals to make trading both faster and cheaper. The NYSE only managed to retain its dominance by actually listing on the NASDAQ, merging with another company and going onto adopt modern practices.

This example is just one of many that illustrate how technology has the power to disrupt long-established business models. Of course, with the advent of the internet and smartphones, super-fast trading marketplaces are now literally in your pocket. Yet its seems, despite tireless innovation everywhere else, the old-school concept of commissions remains central to most marketplace services. 

The market’s stubborn grip on the commission model is most likely due to a combination of industry blindness and profiteering. Why innovate when there’s money to be made?

However, with the emergence of ‘trustless’ self-governing systems, blockchain technology has created the tools to revolutionize the entire concept of commission.

How Can It Be Commission ‘Free’?

Of course, nothing is free right? That idea died the moment we found out that the price to pay was our data. Even so, how can Digitex remove something as fundamental as commissions and continue to pay its bills? 

The answer, it turns out, is to shift where the costs of running the exchange are recouped. To create a dedicated currency (DGTX) via which all financial transactions on the exchange take place. In doing so, Digitex has created a mechanism that will efficiently capture the value of the exchange directly into the DGTX token. By initially selling tokens from the Treasury and then eventually through token issuance, Digitex can realize a portion of the DGTX token value, which it will use to run the exchange.

It’s a groundbreaking idea with maximum upside for all invested parties. For traders, it means they will be able to pursue previously unrealistic trading strategies, performing fast and frequent trades and scalping all of the profits for themselves. Not to mention the fact that the uniqueness of commission-free trading, which is just one of the many features offered by Digitex, will create a huge amount of demand. This demand will also serve to offset the inflationary effect of issuing new DGTX tokens.

So, Could This Be The Future?

If the Digitex exchange proves as popular as the previous DGTX price rallies indicate, it will completely reshape the dynamic between the vendor and marketplace. This will have far-reaching consequences for the entire exchange industry.

We live in a world where the old systems and processes are increasingly being exposed for their frailties and weaknesses. Now, Digitex could have a working example of a robust business model that finally realizes the promise of blockchain technology in a practical and user-oriented context.

For the first time, there will be a futures exchange that operates as a self-governing autonomous organization, placing just as much priority on the profitability of its participants as it does the sustainability of its operations. It is almost guaranteed to send reverberations far beyond the cryptocurrency and fintech sphere. 

That is massive.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

 

April 14, 2020
Digitex Futures
Trading

Why Pay Fees When You Can Trade Commission-Free?

admin
Commission-Free

Digitex is in the process of building the world’s first commission-free futures exchange. For the first time in the history of the financial markets, traders won’t be penalized for doing exactly what the exchange needs to survive – trading. So, as Digitex Futures prepares its platform for launch, could it be on the verge of redefining the way financial exchanges operate forever? Luke Green explains… 

Why Commissions?

Commissions have likely been a part of trading since the first recorded buying and selling of shares occurred in Rome in the 2nd century BC. However, we do know from the Buttonwood Agreement that commissions were an accepted part of trading as far back as 1792.

In this document, the founding fathers of Wall Street agreed to set their commissions at a very reasonable 0.25%. So as a concept, commissions in trading are about as mainstream as wheels on cars.

But why charge commissions? Simply put it’s because there are costs and owners who want to profit. Exchanges are in essence, marketplaces.

So, whether it’s the rental fee for setting out your cake stall or the hosting costs for your exchange interface, marketplaces all have one thing in common. There are overheads that need to be paid.

Of course, there are many ways to recoup these costs. It could be membership fees, listing fees, or software licensing fees, to name a few. However, commissions are favored for their market efficiency.

They allow marketplace owners to recoup costs at the point of exchange but they remove the ‘perceived’ upfront cost for the vendor using the marketplace. On the surface, this seems like a win/win arrangement but the commission model comes with inherent problems. 

For example, if one marketplace becomes the dominant player, it will tend to work against its vendors to maximize profits. Rebalancing can only happen if another marketplace starts to become competitive. 

Specifically, for futures trading, paying a per-trade commission means every trade must meet a minimum profitability threshold since you have to pay the house first. Only once the trade has paid for itself does it become profitable.

So for a short-term trader who’s dependent on fast and frequent transactions, commissions eat into your profits and add to your losses.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Technology Disruption

The New York Stock Exchange (NYSE) was formed in 1792. It dominated the US economy for nearly 200 years until the NASDAQ exchange emerged as a contender in 1971.

NASDAQ took a new technological approach, providing a network of computer terminals to make trading both faster and cheaper. The NYSE only managed to retain its dominance by actually listing on the NASDAQ, merging with another company and going onto adopt modern practices.

This example is just one of many that illustrate how technology has the power to disrupt long-established business models. Of course, with the advent of the internet and smartphones, super-fast trading marketplaces are now literally in your pocket. Yet its seems, despite tireless innovation everywhere else, the old-school concept of commissions remains central to most marketplace services. 

The market’s stubborn grip on the commission model is most likely due to a combination of industry blindness and profiteering. Why innovate when there’s money to be made?

However, with the emergence of ‘trustless’ self-governing systems, blockchain technology has created the tools to revolutionize the entire concept of commission.

How Can It Be Commission ‘Free’?

Of course, nothing is free right? That idea died the moment we found out that the price to pay was our data. Even so, how can Digitex remove something as fundamental as commissions and continue to pay its bills? 

The answer, it turns out, is to shift where the costs of running the exchange are recouped. To create a dedicated currency (DGTX) via which all financial transactions on the exchange take place. In doing so, Digitex has created a mechanism that will efficiently capture the value of the exchange directly into the DGTX token. By initially selling tokens from the Treasury and then eventually through token issuance, Digitex can realize a portion of the DGTX token value, which it will use to run the exchange.

It’s a groundbreaking idea with maximum upside for all invested parties. For traders, it means they will be able to pursue previously unrealistic trading strategies, performing fast and frequent trades and scalping all of the profits for themselves. Not to mention the fact that the uniqueness of commission-free trading, which is just one of the many features offered by Digitex, will create a huge amount of demand. This demand will also serve to offset the inflationary effect of issuing new DGTX tokens.

So, Could This Be The Future?

If the Digitex exchange proves as popular as the previous DGTX price rallies indicate, it will completely reshape the dynamic between the vendor and marketplace. This will have far-reaching consequences for the entire exchange industry.

We live in a world where the old systems and processes are increasingly being exposed for their frailties and weaknesses. Now, Digitex could have a working example of a robust business model that finally realizes the promise of blockchain technology in a practical and user-oriented context.

For the first time, there will be a futures exchange that operates as a self-governing autonomous organization, placing just as much priority on the profitability of its participants as it does the sustainability of its operations. It is almost guaranteed to send reverberations far beyond the cryptocurrency and fintech sphere. 

That is massive.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

 

Latest News