How One-Click Ladder Trading Will Change the Face of Crypto

One-Click Ladder Trading Will Change the Face of Cryptocurrency Trading

Commission-free futures trading is most likely to emerge as the key influencer on the crypto markets. Decentralized accounts held in a smart contract on the Ethereum blockchain are the future. It’s a matter of not how but when. In a similar vein, simpler trading mechanisms such as one-click ladder trading will replace the current cumbersome mechanism of placing trades.

Which Exchanges Offer these Facilities?

A top-100 token (DGTX) backed project — Digitex Futures is slated to launch on the 30th of April, 2019 which brings both these features to the users. This project first came to light when it became one of those soldout-in-minutes ICO last year.

Not only will Digitex Futures launch with commission-free crypto futures markets, but it will be giving traders exposure to traditional markets as well. All contracts will be settled in DGTX, the exchange’s native token. But traders can still speculate on their favorite markets from tech stocks to gold, Forex to indices, completely commission free.

Later in the year, the company plans to launch spot trading, mobile trading, and as Todd mentioned last week in an interview with Bad Crypto at the Paris Blockchain Week Summit, “maybe even start holding IEOs.”

But let’s get back to the fundamentals.

The company may be shooting for the stars, but look at Elon Musk, that’s not a bad place to be. So can it actually deliver?

To be fair, Digitex isn’t the only company to do things “the wrong way round,” as CEO Adam Todd often says. Raising funds at the height of the ICO mania, Digitex is in good company when it comes to selling ideas. But there are several factors that make this blockchain startup stand out from the rest.

A One-Click Ladder Trading Interface That Will Change Crypto Trading

The latest demo release shows an impressive interface that will allow traders to place buy or sell orders lightning fast using the Digitex ladder.

The interface is completely customizable. This means that traders who prefer using it in its most simple form don’t need to contemplate the advanced charting features on offer… But those who like to trade with multiple tools and metrics will have a field day!

Traders will see their markets on the left, the chart of their choosing in the center (from the traditional candlestick to bar charts and tick) and the ladder on the right. They never have to take their eyes off the price action and every move they make in the ladder is reflected visually in the chart.

Digitex promises to provide plenty of educational material before, during, and after launch to help crypto enthusiasts who don’t yet consider themselves “futures traders” to get started.

What Should You Expect on 30th April?

Things are starting to get real for a company that’s been accused of over-hyping itself on more than one occasion. The anxious community will finally get to use the exchange they’ve been waiting for on April 30. That’s just over one week’s time.

If we were talking about any other space, developing a product of such complexity with brand new technology, a little over a year wouldn’t be considered a long time. But in crypto, it feels like a century.

The road hasn’t all been smooth and the company has had its fair share of challenges, just like all crypto startups. From price drops, to maintaining community faith, Digitex has navigated through many choppy seas.

Note From the Founder

For Digitex, development of the exchange wasn’t going as quickly as we would have liked. So we took the decision to enlist the help of Spotware (the company behind popular Forex trading platform cTrader). That’s when we decided to offer his loyal community so much more than originally planned.

We’ve partnered with Lion Asset Management and ReadySetCrypto to offer futures trading masters classes and is on a quest to produce as many successful traders as possible.

“Digitex is still standing.”

In the most savage bear market in crypto to date, at a time when even established projects like NEM almost circled the drain, that’s a feat in itself. Sure, the fact that the company hasn’t buckled yet is hardly cause for celebration; but there are plenty of other factors that just might be.

The Takeaway

Beyond zero fees and non-custodial accounts, advanced trading and charting tools combined with the one-click ladder interface and the multiple order types make this an interesting prospect right out of the gate. And the waitlist stands at a jaw-dropping 1.5 million.

There’s no question that this is a project people want to be involved in. All that remains to be seen is how well the company fares transitioning from sharing its vision to sharing its product.

Check out our Pre-Launch Video below:

How One-Click Ladder Trading Will Change the Face of Crypto was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.