Interdax, a third generation digital assets exchange offering innovative crypto derivative contracts and trading battles, has successfully opened their testnet to the public.
Interdax’s crypto derivatives platform takes a novel approach to trading by giving investors the option to interact and compete with others in the crypto trading community via trading battles. Testnet users can trade BTC-USD and ETH-USD perpetual swap contracts with up to 100:1 leverage.
Trading battles combine trading and competitive gaming and give users the chance to compete in eSports-style tournaments for bragging rights, entertainment, and extra profits. Traders will take part in trading battles using demo coins, and competitors have the chance to win up to $10,000 every day. Users can also win prizes in bitcoin for their engagement and feedback during the testnet phase.
Daniel Dixon, Co-Founder and Chief Marketing Officer of Interdax said, “We are facilitating user experience by deepening and extending community interactions. Battles provide another source of earnings and an extra layer of excitement for traders while also increasing the liquidity of the exchange.”
“In an increasingly digitized world, social media and eSports continue to gain popularity because they bring people together. Social interaction is and will continue to be one of the most important aspects of people’s lives. Trading battles combines the social engagement we all desire with the traditional trading that investors know and love.”
An early access code will be required to sign up for the testnet phase. Interdax will distribute these codes through our Discord channel and across our social media profiles. Interdax will also partner with various crypto influencers to distribute early access codes and create tournaments centered on their following.
Along with trading battles, Interdax is also introducing its own innovation; continuous settlement for cryptocurrency derivatives. With this unique settlement method, it always marks the account value to the index price. For traders, this means profit is immediately available as margin – a feature unavailable on other exchanges.
Interdax’s client-facing platform offers users seamless design, data-rich feeds and intuitive usability, as years of experience with trading systems means that the Interdax team has the vision to deliver what users really want. The user interface is also fully customisable and includes Discord integration.