The decentralized derivatives trading platform edgeX, which has been incubated by Amber Group, has made its debut on the mainnet, providing users globally with an innovative decentralized trading experience. edgeX is designed as a high-performance, modular financial infrastructure, enabling the creation of a feature-rich and decentralized derivatives trading environment using various Lego-like components.
With Amber Group’s backing, edgeX leverages the knowledge and resources of a leading global liquidity provider and digital asset management firm. Established in 2017 and located in Hong Kong, Amber Group is a fully compliant entity managing around $5 billion in assets and catering to approximately 30 banks and 2,000 institutions globally. The company has a presence in Taipei, Seoul, Vancouver, and Singapore, processing over $2 trillion in total trading volume by June 2024. The partnership supports edgeX with significant liquidity, security, and stability.
Experienced Team and Advanced Technology
The team behind edgeX is comprised of experts with a strong background in cryptocurrency trading and traditional finance. Members come from esteemed institutions such as Morgan Stanley, Barclays, Goldman Sachs, and Bybit, collectively bringing over seven years of experience in exchange operations and trading. Additionally, edgeX boasts a top-tier technology development and security team, dedicated to upholding the platform’s leading performance and security standards. The core development team’s expertise provides edgeX with a significant competitive advantage, allowing it to swiftly adapt to market shifts while fostering innovation.
Pioneering Modular Financial Infrastructure
Within the edgeX ecosystem, the inaugural MVP—edgeX Exchange—has been launched, alongside a range of applications and modular components in development.
- edgeX Telegram Bot: Developed on the Ton ecosystem, this bot facilitates multi-chain trading and works seamlessly with the edgeX platform. Users can trade various MEME tokens and new assets directly through the edgeX Bot, enhancing the convenience of their trading experience.
- edgeX Leverage: This feature provides various trading instruments, such as US stocks, forex, and commodity futures. Users can opt for 3X/5X leverage products and ETF indices, allowing for a diversified investment strategy.
- edgeX Epool: Aimed at institutional clients, Epool generates revenue by offering asset management and liquidity services to various derivatives trading platforms. The profits from these services are shared with edgeX platform token holders and users who deposit funds.
- edgeX Lend: In collaboration with platforms like AAVE and Compound, users can effectively optimize their assets to enhance yields.
- edgeX Insurance: edgeX provides an innovative liquidation insurance service that guarantees double compensation during liquidation, thus significantly mitigating user risk and potential losses.
An Advanced Decentralized Finance Vision
edgeX is more than just a decentralized derivatives trading platform; it represents a modular financial ecosystem. By integrating various financial modules, edgeX offers developers and users numerous possibilities for plug-in combinations, creating an open application marketplace that accelerates the establishment of an open derivatives trading system and fosters the expansion of the decentralized derivatives sector.
The trading volume of derivatives in the cryptocurrency market is 4-5 times that of spot trading, indicating at least a tenfold growth potential for the decentralized derivatives market. Positioned within this extensive market, edgeX, with its strong technological framework and innovative approach, aims to be a significant player.
Disclaimer: The details shared in this press release do not constitute an investment solicitation and are not intended to serve as investment, financial, or trading advice. It is highly recommended to conduct thorough due diligence, including consultation with a qualified financial advisor, before engaging in investment or trading activities involving cryptocurrency and securities.
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