Coinspeaker BitMax.io Announces the Launch of Its Distinctive Derivative TradingBitMax.io (BTMX.com), an industry-leading digital asset trading platform, has announced the introduction of derivatives trading as part of its continuous strategic product expansion. Complementing its current spot and margin trading products, derivative trading has been officially launched on March 23rd, 9:30 a.m. EDT with a Bitcoin-based Perpetual Contract before extending to other assets and product offerings.As a new industry entrant to the derivative market, BitMax.io seeks to differentiate its offering with an innovative approach to system architecture design that focuses on more efficient, resilient, and secure trading of leveraged contracts. Some of the platform’s highlights are summarized as below:Cross-Asset Collateral: Users can post USDT, PAX, USDC, BTC, and ETH as margin to increase buying or selling power for potentially higher returns; thus, allowing for greater funding flexibility and diversification.Distinctive Liquidation Engine: The platform employs a unique smart order router mechanism designed to reduce distressed account positions with minimal market impact before transferring risk to opt-in institutions via a “Backstop Liquidity Provider” program (“BLP Program”).Composite Price: BitMax.io calculates users’ trading profit and loss (PnL) positions, and collateral value using an “index” computed by taking an average price derived from relevant order books on Binance, Huobi, OKEx, Poloneix, and BitMax.io. The index pricing methodology is intended to mitigate unnecessary market volatility due to pricing disruptions on any single trading venue.Deep Liquidity, Tight Spreads: BitMax.io strives to engage a diverse range of trading counterparties on a unified order book shared between multiple trading platforms, therefore aggregating global liquidity to promote trading efficiency. Other futures trading platforms and dealers can onboard with the central matching engine to provide optimal trading conditions for their respective users.Throughout much of 2019, BitMax.io has emerged as an industry front-runner for spot and margin trading by delivering innovative products and exemplifying a client-centric approach. The platform’s foray into the derivatives marketplace is a testament to the BitMax.io team’s relentless drive to build a holistic suite of trading products leveraging their deep-rooted expertise in traditional finance.Shane Molidor, BitMax.io’s Head of Business Development, states:“An agile go-to-market strategy and robust system architecture are probably the two most important considerations the BitMax.io team has had when building our derivatives platform.”BitMax.io Announces the Launch of Its Distinctive Derivative Trading
Pnxbet Joins the New Wave of Sportsbetting with New Live eSports
Thursday April 09, 2020
Coinspeaker Pnxbet Joins the New Wave of Sportsbetting with New Live eSportsWith the dearth of sporting events lending an air of isolation to sports betting enthusiasts, more and more platforms are now seeking fresh alternatives to crypto gaming, and eSports appears to be the likely savior, with more and more people tuning in to watch […]
The post Pnxbet Joins the New Wave of Sportsbetting with New Live eSports appeared first on 12bit trade.