ACDX Will Use Casper to Redefine Derivatives

Teresa Chan
Mar 4 · 2 min read

Via Casper’s predictable model, users will be able to predict and guard for gas prices in derivatives trading

Today we are pleased to announce our partnership with Casper to redefine derivatives. Casper is a Proof of Stake blockchain designed to accelerate enterprise and developer adoption of blockchain technology. Through the integration with Casper, ACDX will allow users to accurately predict and guard for gas price spikes in derivatives trading, which is currently one of the most pressing pain points for derivatives traders on other protocols. This is one of our early steps towards building a more decentralized network.

“The crypto community has been greatly anticipating Casper’s upcoming mainnet launch. We’re thrilled to be among the first organizations to utilize the Casper network for gas price prediction. Its ability to deliver high performance without sacrificing on security or decentralization is a key consideration for us.” said Andy Cheung, founder and executive chairman at ACDX.

Founded by builders with decades of experience in internet-scale computing systems, Casper has partnered with dozens of international enterprises that are building solutions on the Casper network to accelerate their business operations and benefit from the opportunities of blockchain technology. The businesses include Chainlink and Consensus Capital. The goal of the partnership is to make derivatives trading more accessible and convenient for ACDX traders.

“As the market continues to mature, there’s growing demand for cutting-edge exchanges from high frequency traders. ACDX has developed a powerful and highly differentiated solution that leverages Casper’s performance and security functionality to support crypto derivatives trading in a way the industry has not previously seen.” commented Mrinal Manohar, the CEO of Casper.

The partnership is just the beginning of ACDX bridging the gap between centralized and decentralized exchanges and ushering in a new era for derivatives trading. We are glad that Casper will play a core role in this process, enabling maximum flexibility and transparency for ACDX traders.

Stay tuned as ACDX continues to offer innovative solutions for the wider crypto and DeFi community!

Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

ACDX

Defining Markets of the Future

Teresa Chan

Written by

Marketing and Communications Manager at ACDX.io

ACDX

ACDX

ACDX is a next generation crypto derivatives exchange that provides innovative trading products such as gold & index futures and crypto structured products.

Teresa Chan

Written by

Marketing and Communications Manager at ACDX.io

ACDX

ACDX

ACDX is a next generation crypto derivatives exchange that provides innovative trading products such as gold & index futures and crypto structured products.

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