The partnership is all part of Digitex Futures’ mission to build a highly secure platform that’s protective of user funds.
Digitex Futures has revealed a new partnership with Chainlink that sees the cryptocurrency futures Trading Platform fully integrating Chainlink’s decentralized Price Reference Contracts in an effort to provide the most consistent and accurate price data without fluctuation.
Chainlink to Provide Digitex Futures with Tamperproof Price Data
In a first for crypto futures platforms, decentralized oracles are being implemented to bolster platform security and protect user funds from vulnerabilities related to the spot exchanges powering each platform’s price index.
Most futures trading platforms rely on an aggregated price index for each asset based on a variety of trusted spot exchange pricing to provide accurate data to clients.
The challenge here is that these spot exchanges can experience outages, deviations, manipulation from larger players, or flash crashes that can impact the index price.
By leveraging decentralized oracles and tapping into Chainlink’s highly reliable Price Reference Contracts as a price anchor, Digitex Futures’ users can be certain they are getting the most trustworthy, up-to-date data with full transparency.
This also prevents issues with Slippage, and eliminates the chance of flash crashes and or data manipulation.
Full Integration Expected By Trading Platform’s Scorching Summer Launch
The partnership is all part of Digitex Futures’ mission to “build a highly secure platform that’s protective of user funds.” The integration of Chainlink’s Price Reference Contracts the company says is part of a new, “broader development roadmap.”
“Using Chainlink price data enables us to deliver stronger security and performance guarantees to our users, furthering our vision to revolutionize futures trading," Digitex Futures CEO and founder Adam Todd explained.
Digitex Futures is a hotly anticipated, zero-fee Bitcoin futures trading platform powered by the DGTX token. Currently, the DFE Mainnet is still closed off to the public while the company onboards users in phases.
However, with just over 200 users currently trading on the platform, the exchange has already reached a notional value of $77mil volume in today’s 24-hour period.
All being well, Digitex is planning to onboard another 10,000 users in weekly groups throughout the coming month of June.
CEO Adam Todd states that onboarding smaller groups in phases has been helpful from the user experience perspective.
The time between each onboarding gives time to fine-tune the exchange, so each new set of traders has a better experience than the last.
The company expects the BTC/USD price anchor to be completely integrated by the time the Digitex Futures exchange is fully released to the public this Summer.
Later, as more trading products are added Digitex will continue to tap into additional feeds provided by Chainlink’s Price Reference Contracts to deliver the same level of user experience across the board.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
Digitex Futures has revealed a new partnership with Chainlink that sees the cryptocurrency futures Trading Platform fully integrating Chainlink’s decentralized Price Reference Contracts in an effort to provide the most consistent and accurate price data without fluctuation.
Chainlink to Provide Digitex Futures with Tamperproof Price Data
In a first for crypto futures platforms, decentralized oracles are being implemented to bolster platform security and protect user funds from vulnerabilities related to the spot exchanges powering each platform’s price index.
Most futures trading platforms rely on an aggregated price index for each asset based on a variety of trusted spot exchange pricing to provide accurate data to clients.
The challenge here is that these spot exchanges can experience outages, deviations, manipulation from larger players, or flash crashes that can impact the index price.
By leveraging decentralized oracles and tapping into Chainlink’s highly reliable Price Reference Contracts as a price anchor, Digitex Futures’ users can be certain they are getting the most trustworthy, up-to-date data with full transparency.
This also prevents issues with Slippage, and eliminates the chance of flash crashes and or data manipulation.
Full Integration Expected By Trading Platform’s Scorching Summer Launch
The partnership is all part of Digitex Futures’ mission to “build a highly secure platform that’s protective of user funds.” The integration of Chainlink’s Price Reference Contracts the company says is part of a new, “broader development roadmap.”
“Using Chainlink price data enables us to deliver stronger security and performance guarantees to our users, furthering our vision to revolutionize futures trading," Digitex Futures CEO and founder Adam Todd explained.
Digitex Futures is a hotly anticipated, zero-fee Bitcoin futures trading platform powered by the DGTX token. Currently, the DFE Mainnet is still closed off to the public while the company onboards users in phases.
However, with just over 200 users currently trading on the platform, the exchange has already reached a notional value of $77mil volume in today’s 24-hour period.
All being well, Digitex is planning to onboard another 10,000 users in weekly groups throughout the coming month of June.
CEO Adam Todd states that onboarding smaller groups in phases has been helpful from the user experience perspective.
The time between each onboarding gives time to fine-tune the exchange, so each new set of traders has a better experience than the last.
The company expects the BTC/USD price anchor to be completely integrated by the time the Digitex Futures exchange is fully released to the public this Summer.
Later, as more trading products are added Digitex will continue to tap into additional feeds provided by Chainlink’s Price Reference Contracts to deliver the same level of user experience across the board.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
B2BinPay Celebrates One Year of Successful Partnership with Athletic Club
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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