PowerDEX Launches: CEX Performance Meets DEX Freedom
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Singapore, November 21, 2023 – PowerTrade, a leading centralized crypto derivatives exchange announces the launch of PowerDEX (https://dex.power.trade), a decentralized trading platform that offers a full range of crypto derivatives, including perpetuals and options.
PowerDEX is the first in the crypto industry that brings together the best of both worlds: self-custody of funds, transparency, and on-chain settlements found in decentralized platforms, and the performance/low latency, scalability and robustness found in centralized platforms.
The DEX integrates PowerTrade’s True Margin system (SPAN portfolio margin), multi-collateral, and USDC settled products—resulting in a unique product offering not found in DeFi. It also offers features such as request-for-quote (RFQ) interface, advanced trading strategies, and a robust API allowing users to integrate (or build) trading tools, bots, and more.
“PowerDEX is the most powerful trading platform in the DeFi world, as viewed from any angle”. Says PowerTrade co-founder and industry veteran Mario Gomez Lozada. “Its options product range supports over 100 alt-coins with order book and RFQ liquidity and thousands of contracts, with risk management and portfolio management for efficient capital utilization that does not exist anywhere else.”
PowerDEX utilitizes innovative design to cater to a broad spectrum of traders, offering an intuitive interface for retail users and advanced RFQ tools for professionals and institutions. It supports up to 10-leg structures and provides specialized trading screens for options and derivatives, balancing simplicity for newcomers with sophistication
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