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 for experts.
PowerDEX focuses on providing a rich user experience and user interface with screens and products crafted for retail users while at the same time providing sophisticated RFQ functionality for pro-retail and institutional customers, supporting multi-leg structures of up to 10 legs and pro-trader trading screens for options and other derivatives.
Engineered for speed and reliability, PowerDEX is the exchange that finally brings institutional-grade tools to DeFi. With a scalable architecture optimized for growth, it adapts to increasing user numbers and trading activity – ensuring the platform remains fast and responsive, even during periods of high demand.
“Our goal is to bring the best of both worlds to our customers: the transparency, safety, and flexibility of self-custody and on-chain settlements, reliability, low latency, and scalability of centralized trading platforms.” says Lozada.
PowerDEX is guided by a seasoned team of industry veterans with a strong pedigree in both traditional finance and the cryptocurrency sector. Led by CEO Mario Gomez Lozada, a former executive at Merrill Lynch and Credit Suisse who founded Liquid, one of the largest crypto exchanges in Japan at the time of its acquisition. The team includes the former Chief Design Officer at Liquid, a previous Head of Trading at Bloomberg, and the ex-head of Buy-Side Sales (EMEA/Americas) at the London Metal Exchange.
With an unparalleled suite of tools and products, the PowerDEX team aims to redefine what’s possible with on-chain trading.
The platform is currently in invite-only beta and will be open to traders shortly.
If you’d like to participate in the beta program, visit power.trade for more details and sign up to join the waitlist.
PowerTrade is a leading crypto derivatives exchange specializing in USD-settled, European crypto options for Bitcoin and Ethereum and perpetuals, futures, and spot markets. Catering to institutional firms and professional traders, PowerTrade offers a robust RFQ system, customizable multi-leg options structures, and a competitive fee structure.
For more information, visit Power.Trade.
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