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Author Topic: Digitex exchange added USDC and will provide no fees maker/taker on BTC futurs  (Read 47 times)
Guysmo (OP)
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September 03, 2021, 03:26:58 PM
 #1

From their blog : " The reason we decided to add stablecoin markets was that the DGTX price fluctuations posed a problem for traders. For one, sudden drops in rate could turn a successful trade into a money loss, creating a negative user experience. We’ve also assumed that stability provided by USDC may attract traders with medium capital, increasing liquidity and traded volume."

Currently none exchange allows you to trade with no fees with taker order (market order). On FTX, if you stack FTT, you can have reduced fees but you still have fees. The same thing is planned with Digitex. If you stack DGTX, you could trade with NO fees. When you see how FTT token performed, I can't imagine about DGTX even is you can't really compare those exchanges. They deployed this update on their testnet some days ago.

Today you can't trade on low timeframe (<5min) on any exchanges because of expensive fees (Am i wrong ?). Digitex is trying to solve this problem and i'll not be surprised if this plateform got a lot of success in the next months/years.

https://blog.digitex.io/digitex-dev-update-7-trading-fees-and-usdc-futures/

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September 03, 2021, 07:52:53 PM
 #2

It's a great move for the exchange, because it was gradually losing it's value as most traders don't aways See's it as an option except the token is just listed on that exchange alone. If they can hold on to This zero fee maker then, success and daily trading volume in the exchange will increase rapidly.

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September 03, 2021, 08:09:52 PM
 #3

Digitex is trying to solve this problem and i'll not be surprised if this plateform got a lot of success in the next months/years.

quick question:

why do you believe in this exchange?

for the few minutes of research I did on this exchange I found this:

https://www.trustpilot.com/review/digitexfutures.com

bad reviews

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September 04, 2021, 09:43:17 AM
 #4

I believe it because they are doing good improvements since few months and I can understand that people don't want to wait 2 years to trade on BTC futurs with USDC and not DGTX token.
- The UI is really advanced for serious traders and the API is ready for bot,
- They have an Automated Market Making in order to have enough liquidity,
- You can do market making and be paid in DGTX
- .....

The DGTX token was listed on Kucoin this year. Yeah it's a bit late but worth it in my opinion.
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