Futures Exchange Promises Zero-Fees: Startup Hits One Million Sign-Ups for Waitlist

Blockchain startup Digitex Futures is ready to launch its commission-free futures exchange.

One of the goals of the new startup is to fill the gap that Digitex sees in the exchange market.

Decentralized exchanges charge lower fees and provide better security, but a lack of user adoption causes low liquidity, Digitex says.

In February 2019, Digitex announced that it reached 1 million users who signed up on their waitlist and who are looking forward to Digitex's platform launch.

"Digitex aims to hit the sweet spot by optimizing all the features a trader needs," Digitex says.

The company will provide automated market makers, an easy-to-use, one-click trading user interface, assured liquidity through high demand and zero trading fees.

Digitex is available hereTraditional futures marketsDigitex Futures is planning to offer its users not only a wide range of crypto futures contracts for Bitcoin, Litecoin and ETH, but also traditional futures markets - including forex, metals, commodities and indexes.

Due to the new protocol, Digitex Futures won't hold their users' funds.

Although the exchange is free, traders who want to use the platform have to buy Digitex's native cryptocurrency, the DGTX token, through the Digitex Treasury or one of the company's exchange partners.

The startup says zero fees should increase the demand for the exchange, and as a result, will cause increased demand for the DGTX token.