Hey everyone, good to be back. In my last post, I introduced Digitex and talked about why I think it solves some of the problems of conventional exchanges. I also introduced Derivatives and Futures trading on a general view.

Unlike spot trading, Futures and Derivatives offer yet more liquidity and profit margins when it comes to trading. One could buy an equivalent amount of bitcoin with a very small amount of money by simply increasing leverage to make profits. Should the trade end in their favour, then traders can make a lot more than they imagined. This is how leveraging works. and that is the same strategy used in FX trading and commodities.

Digitex will be concentrating on cryptocurrency futures (which currently includes only Bitcoin, with ETH to be added to Futures by the CBOE before the end of this year) and then supplementing a lot of interesting features to make sure it stands out and remains in the hearts of cryptocurrency traders and investors. Below are the two major reasons why I think the Digitex Bitcoin Futures exchange platform will be massive:

No transaction fees, No commissions!

Transaction fees and commissions are the banes of cryptocurrency trading. A lot of liquidity is lost due to the fact that traders have to earn a bit more in order to make a satisfactory profit from a trade. This is because exchanges already put in place rules and methods to ensure that they always make gains (sometimes as high as $20, depending on the volume of trade done) on every transaction, regardless of whether the trader wins or lose. As such, unless a trade meets every criterion in a trader's checklist, he'll be willing to sit on the sidelines rather than make a trade he is not exactly sure of (even though it seems like the right thing to do).

Commissions demand too much from traders and tasks them to be inactive over a long period. Should a trade not go as high or as much as they envisaged, they end up losing an amount of money to the wrong trade, and an additional amount of money to commissions. The CEO of Digitex Bitcoin Futures (Adam Todd), and every decent Futures trader (including myself) think this is total nonsense, and that is why Digitex is existing today as a demand from the industry!

They will do this by implementing a native token that will be used to drive the Digitex futures trading ecosystem called the DGTX token. Every margin, transactions, profit, losses and balances will be expressive on the platform using the current token value. Hopefully, this will drive the demand for DGTX through the roof. With such an amazing approach to business, transactional costs on exchanges will be a thing of the past very soon!

Decentralized account balances enhance the security of value.

Another famous theme with cryptocurrency exchanges as already stated in my last article is the issues of hack and seizures of exchange users' funds. This could be due to a lot of reasons such as inadequate security protocols, non-conformity of exchanges to local state laws, and largely, a centralized wallet system.

You see, it not uneventful to see exchanges being the target by several DDOS attacks and malicious practices on the internet. After all, cryptocurrency exchanges could just as easily be viewed as a sitting goldmine of tons of crypto assets and values from a lot of people. This makes security a major concern to both the exchange users and the management team as well as the government. Without proper, State-of-the-art security protocols, several exchanges have fallen to ruins under such attacks, leaving the users in penury.

One of the problems with holding cryptocurrency tokens and coins (in a trader's perspective), is the need to find a good wallet for storing these coins. While some of these tokens aren't at all compatible with some wallets (which of course would prompt HODLers to find a specific wallet for them), there are also concerns on the safety of such downloaded wallets.

Digitex solves this serious issue of security by implementing strict and safe security measure to ensure that data isn't manipulated by external sources whatsoever. And what's more? Digitex Futures exchange will be implementing a decentralized account balance system to help users store their funds remotely. This means that the trading data of exchange users aren't stored on the Digitex server in a centralized way, thus, making it impossible for malicious individuals to ply their trade. Your finds are held in decentralized wallets and are 100% safe!

Cryptocurrency Futures allows for more markets and liquidity.

Apart from finding a good, safe and responsive wallet, another major problem traders face is the need to constantly shuffle their tokens/coins in and out of exchanges to keep them safe after trading sessions. This is because a good number of traders do not trust or rely on the security of exchanges, and would rather hold their coins in a private wallet to ensure safety. The need to manage and transfer cryptocurrencies this way takes the liquidity out of the market at a particular time. it is a lot of stress to actually own tokens and to trade them.

With Digitex Futures trading, one doesn't necessarily need to hold tokens and coins. You won't have to hold any Bitcoin at all. All you would ever need on Digitex are some DGTX tokens which would allow you to take leverage positions that are equivalent to the values of the Futures contract you're trading and predict the prices over a period of time. This totally eliminates the need for transferring value out of the exchange after the day's work, thus, creating an even greater liquidity.

Digitex will also have trading bots that will be market makers. These bots will be programmed to automatically take trades and break even on those trades without taking value off the market. The bots will be equipped with just enough DGTX tokens to generate healthy volumes of trades to keep the platform active.

These, and many other reasons are some of the real cause of the fuss about this project on the internet. It all works to make Digitex standout as a major force to reckon with in due time, and as well makes it an interesting platform for cryptocurrency price speculators and traders alike to look forward to!

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Loved what you read? You could learn more by seeing the video below, as well as checking out the Digitex official blog link, their whitepaper material and their various social media handle as well.

Also, do not forget to Sign-up for the early-access whitelist. and stand a chance to win some free DGTX tokens.