30 tháng 10, 2020

First Look — The Digitex City Exchange ⚡

It only seems like a few short weeks ago that we had a big public launch of the Digitex Futures exchange. So it's hard to believe that when we launch Digitex City on December 15, we will already be launching the super-slick Digitex Exchange version 2.0, less than five months later. 


And boy, do we have some treats in store. From a multi-ladder trading interface to a brand-new spot exchange to user-configurable bots, minting DUSD, liquidity mining, and more – Digitex is set to blow up. On Wednesday, we unveiled a sneak peek at what you can expect to see when you log in on the big day. To take a look at what's coming, check out the screenshots over on the blog.

Digitex launches forex markets on testnet

After last week's news that we had started testing new markets, giving traders exposure to Apple and Facebook stocks, forex markets on testnet have been hot on the heels. Starting from last Tuesday, Digitex has begun its journey into the largest financial market in the world, worth a massive $6.6 trillion in daily trading volume globally. 

 

You can now access EURUSD and USDJPY markets on the Digitex testnet, which we will soon launch on mainnet with zero fees, no spread, and 100x leverage. The significance of this development is huge. Once we go live with our forex markets, we'll be opening up Digitex to a vast global user base of new retail traders, who will flock to our exchange for the kind of benefits they can't find on traditional forex trading venues, sending liquidity sky-high. 


We need to put these markets through their paces on the testnet before they can go live, so please help out by making some test trades and reporting any issues using the usual support channels. The sooner they're tested, the sooner they'll go live!

At the heart of our new multi-functional Digitex City platform is the DUSD stablecoin, which will also launch on December 15. But the most exciting thing about DUSD is all the ways that you can use it to generate income in Digitex City. You can use it to trade on the Digitex Exchange, earning liquidity mining rewards and taking profits from our automated market-makers, which are programmed to lose. 

 

You can earn DUSD from staking in our staking program or win DUSD by playing our no-house-edge games in the Play area of Digitex City. These are just a few of your options. Check out all the ways of earning income on Digitex City in our Thursday blog post.

The November outlook in crypto

Finally, our veteran trading expert Dave Reiter was back on the blog on Friday, with some in-depth analysis of what to expect from the cryptocurrency markets in November. Given that October has seen Bitcoin go off on an absolute tear, nearly testing the $14,000 resistance, then Dave's forecast is definitely worth a read.

 

It includes some crucial insights into the fundamentals and technical analysis behind Bitcoin's climb, as well as a look at the Fibonacci numbers, and a deep study of Ethereum (ETH), and Digitex Futures (DGTX) to see what the future has in store for these cryptocurrencies as well.

 

Don't miss it!

 

It may be hard to believe, but December 15 is only a little over six and a half weeks away now. So the progress we're making in testing out brand-new markets and refining our state-of-the-art user interface is absolutely critical to our roadmap to launching Digitex City in mid-December. And this will just be the first phase, with lots more to come in 2021. So watch this space, and we'll keep sharing all the developments as they happen. 

 

Until next week!

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