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DMEX: No-KYC Derivatives DEX With up To 100x Leverage

DMEX: No-KYC Derivatives DEX With up To 100x Leverage

DMEX is a decentralized nameless margin buying and selling change that doesn’t require KYC checks, merely generate a pockets contained in the app and begin buying and selling.

No KYC

Because DMEX runs on a sensible contract you do not want to register along with your private data. Simply generate a brand new pockets in-app and begin buying and selling immediately.

Asynchronous Matching Engine

Most decentralized exchanges present synchronous commerce executions, which suggests it’s a must to await the final commerce to document on the blockchain earlier than performing a brand new one. DMEX nonetheless, implements a state-of-the-art matching engine that tracks your account steadiness whereas the transactions are nonetheless being confirmed on the blockchain. This means that you could execute a number of trades, immediately, that will likely be recorded throughout the identical block giving you an identical expertise as you’d get on a centralized change like BitMEX.

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Instant Withdrawals

Once the commerce is confirmed on the blockchain, you may withdraw the funds immediately. Confirmation often takes not than 30 seconds.

Perpetual Contracts and up To 100x Leverage

Perpetual contracts are the preferred buying and selling instrument within the crypto derivatives world. DMEX presents perpetual contracts on all pairs and as much as 100x leverage, with comparable funding charges to the {industry} customary and buying and selling charges as little as 0.05% relying in your order dimension.

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BTC/ETH/DAI as Margin Currencies

DMEX is the primary of its form DEX to permit BTC as margin forex. This is feasible due to the combination of pTokens Bridge straight into the DMEX sensible contract. When selecting to make use of BTC as margin forex, you get a BTC deposit tackle, and all funds despatched to it are tokenized and deposited to DMEX when you nonetheless maintain full custody of your bitcoin the entire time. More particulars on the BTC integration will be discovered right here: https://docs.dmex.app/bitcoin-integration

And if you wish to defend your self from worth volatily, then why not use DAI as margin forex? DAI is a stablecoin with it’s worth pegged 1:1 to USD.

Anonymous

DMEX is totally nameless. You don’t must enter any private data to commerce on DMEX. Simply generate a pockets or use an current one, retailer your non-public key in a secure place and you might be able to commerce with none limitations.

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Non-Custodial Funds Storage

All funds on DMEX are within the custody of the customers always. DMEX workforce doesn’t have entry to consumer funds. Only the particular person holding the non-public key to the pockets can commerce and withdraw funds from the change. Holding funds on DMEX is as secure as holding them in your pockets.

Oracalized Price Feeds

All expiration and liquidations are carried out utilizing oracalized (decentralized) worth feeds from trusted exchanges like Bitstamp and Binance. The DMEX workforce has no method of manipulating the expiration or liquidation worth in your place, it comes straight from the reference change.

Demo Trading

DMEX presents demo buying and selling as an choice. Instantly obtain check funds to your pockets and begin buying and selling on the check web.

Small Spreads & High Liquidity

DMEX supplies entry to industry-leading liquidity suppliers, which permits for razor-thin spreads and excessive liquidity, that means that slippage just isn’t a problem on DMEX.

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Dev Team

DMEX has been available on the market since June 2019 and is now at its fifth iteration of the underlying sensible contract infrastructure with zero funds misplaced as a consequence of bugs or hacks. DMEX was developed by an skilled workforce that has operated a big centralized Bitcoin Exchange and later launched the EtherMium DEX in 2018 as an enchancment on EtherDelta. This makes them competent sufficient to supply a steady and safe buying and selling setting in addition to a massively improved product providing in comparison with the present centralized choices.

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If you might be in search of a secure place to commerce crypto derivatives with out going via KYC procedures and being able to withdraw funds at any time even within the unlikely occasion of the web site being down, search no additional. DMEX seems like a platform with nice potential, particularly given the latest crackdowns on centralized derivatives exchanges, pushing an increasing number of merchants in the direction of decentralized alternate options.

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