Bitmex was the first derivative trading exchange that was launched in Q1 of 2014. Currently the exchange trades about $5billion in its every day activity. There are two kinds of trading that is spot trading and derivative trading.

Spot trading which can also be termed as "a cash market" is a form of trading that involves buying of crypto assets directly using cash. This was the first form of trading before the derivative one came to the scene in June 2011 by ICBIT. Derivative trading on the other hand refers to trading of Financial securites. The word derivative means that the worth of a given asset comes from the underlying asset that its backed up with. Bitmex is a typical Bitcoin derivative trading exchange whereby with it you cannot buy crypto assets directly with cash.

The features of Bitmex

Bitmex employs a more complicated model of levying fees on its customers in the form of Maker fees or taker fees. A maker fee simply refers to a limit order to purchase or sell at a given price. Once someone places an order to purchase below the prevailing market price, this is what is termed as 'a purchse limit order' and on the other hand if someone places an order to sell beyond the prevailing market price, its termed as 'a sell limit Order.' When the maker order is finally filled then a person is charged with a maker fee.

A taker order on the other hand refers to a market order to purchase or sell as soon as possible depending on the best available price. On filling the taker order a person is charged 'a taker fee.' The clients who place taker orders are charged with a higher fee due to the fact that they are draining away liquidity on the market. Bitmex levies a relatively heavy 0.075% taker fee on its clients. These fees are levied on both the buying side and the selling side.

On the first sight the fees don't seem to be burdensome. However as time goes on the trading fees reduce the profit margin of the client. Every trader that gets involved in the trading business longs to be successful and therefore inorder for this to come true, a trader ought to try as much as possible to eliminate or scale down on the costs involved in his trading inorder to maximise on his return and turn out to be a successful trader.

Bitmex employs a traditional trading dashbord which permits the trader to opt for the tool to trade, along with the sum of leverage to be utilised.

For the case of deposits and withdraws Bitmex exclusively allows these to be done in Bitcoin. When there are delays in the Bitcoin network the traders are the ones that suffer the consequence as they have to wait for hours to have their transactions confirmed hence this is a serious set back in the desired trading experience of the traders yet speed is some aspect that is very vital in the trade dealings as the delays reflect lost time and opportunities to make profits on some trades.

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The features of Digitex that reflect it as a game changer of the Futures Exchange.

Digitex on the other hand is a transaction free exchange which gives the trader an advantage of maximising on his gains out of the different trades he does. This Zero fee feature also increases on the liquidity in the market which enables more trade activity of the traders. This is opposed to Bitmex's engagement in the maker and taker fees which even appear to be very complicated to the trader in determining how much fees are to be levied on him as so many conditions have to be considered.

Digitex has a one Click ladder interface that enables much quicker trading. Digitex hired professional software developers who are designing the digitex futures exchange platform that is intuitive and customer oriented. This enhanced one click ladder trading interface that is one of its outstanding feature will enable the traders to visualise the price ups and downs in real time. This is a big boost to the traders experience as they will be placing orders there and then without delaying time in performing multiple mouse clicks and use of the keyboard. This kind of interface enables the trader to seize every trade opportunity at hand.

The platform intends to promote price stability through the increase in liquidity that is through the tick size. The large set tick size of $5 that the exchange possesses will help greatly in regulating the price flactuations of the entire contracts that are being traded.

The DGTX tokens of the Digitex Exchange are built on the Etherium Blockchain which is proven to be a more reliable and much faster blockchain at processing transactions than that of Bitcoin. Therefore lesser fees and lesser time will be consumed in running the transactions which is a big plus to the exchange and its traders.

In conclusion Digitex is indeed a game changer of the Futures Trading market that is headed to exert a huge challenge on Bitmex with its an Unbeatable feature of being a transaction free exchange. Already Over 100k people are on the waiting list. Join the waiting list right away and have an early access and enjoy a new trading experience on a Zero fees Futures Exchange.

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