Not until recently, the crypto derivative market which largely determines price actions was almost entirely dominated by centralized exchanges.
Concerns regarding growing opacities on CEX, questionable algorithms on leverage trading, and insider information causing manipulative market swings necessitated severe scrutiny and stern policies on centralized exchange dealings.
These, together with the LUNA heists and collapse of FTX, were unsurprisingly at the crux of the lamentable market crash, which lingered several months.
Nevertheless, with increasing long-term interest in crypto currency, decentralized derivative exchanges have witnessed plausible adoptions with trading volume escalating from near zero to around $500b within few months. Decentralized Finance is becoming an obvious scope of reference, market makers and crypto experts are projecting its adoption to even expand up to 50 folds in midterm as platforms wake to the challenge of improving innovative trading while also eclipsing those limitations of centralization.
PROTRADEX: AN INNOVATIVE DECENTRALIZED DERIVATIVE MECHINERY
It’s no doubt decentralized alternatives for futures trading are rapidly emerging in attempts to shift the pendulum and establish new paradigms following the wake of recent events in the crypto industry, nevertheless centralization has its advantages that must not be undermined.
The crypto community seems to fractionize into a finite user base preferring centralized derivative trading, whereas another category adopts decentralized financial systems with its innovative derivative trading mechanics. Interestingly, the choice of one over the other sounds like the chicken and egg dilemma.
ProTradex, in its efforts to create legitimate and liquid on chain derivative market, provides directional exposure to harness the combined benefits of centralized and decentralized innovative futures trading. By harmonizing both technologies on a one-stop platform, Protradex is set to establish a solid market lead that will be difficult to displace since it combines the advantages of the biggest trends in derivative trading.
While Non Fungible Tokens and similar crypto assets constitute some of the best empirical stores of values, it is sadly plaque with problems of vague utilities, poor scalability and ultimately liquidity crisis which undermines its adequate application and expansion.
ProTradex, through its innovative market making strategies, addresses these fundamental problems by providing not only liquidity to crypto assets but also a secured and reasonably scalable model that facilitates efficient capital utilization in a decentralized derivative market.
To put the icing on the cake, ProTradex offers appealing high yield passive returns and various stable incentive mechanisms that form the bedrock of a decentralized financial ecology.
The platform is also set to immediately launch its first two products;
1. A decentralized NFT Liquidity protocol offering NFT lending and loan services and
2. Market maker services focusing on the liquidity of crypto decentralized derivatives
An avalanche of other products, including derivative aggregation trading, cross-chain arbitrage, ecological public chain, and multi-chain option ecology, etc, are underway as the platform evolves to vanguard decentralized derivative market.
ProTradex official Channels
Telegram Announcement: https://t.me/ProTradexAnnouncements
Telegram Chat: https://t.me/ProTradexCommunity
Discord: https://discord.gg/protradex
Medium: https://medium.com/@ProTradex
Docs: https://protradex.gitbook.io/protradex-docs/
