TLDR; Launching our exchange, initially listing coins that we see are building valuable and useful products; followed by margin trading. Margin trading allows better price discovery and improves liquidity. Our long term goal is to enable margin trading for all pairs and continue innovating . Give us feedback to help us build the exchange you want and potentially earn $50.
As we gear up to bring Multi public, we are proud to release the first version of our exchange. We set a high bar for quality and will gradually be fine-tuning and opening up parts of our platform.
Why another exchange?
From the sidelines, we’ve seen how the focus of crypto exchanges has gone off-course. Chasing after one player’s tremendous financial success and competing for the highest possible leverage available to retail traders is not how we’ll solve the obstacles to mass adoption.
Our founding team brings together experience from professional poker, e-commerce, fintech and crypto name-brands. Our tech team has written the code of some of the most-known companies in the space, as well as other exchanges. None of us read the Satoshi whitepaper in 2009, but some of us adopted blockchain in 2013.
We all like to believe we’re involved in “the next financial revolution”, however, the outcome of this belief depends on our actions, not the number of times we keep chanting it at conferences or on Twitter. At the current stage of the industry, a cryptocurrency exchange’s role should be to create a capital market that enables projects working on the building-blocks, use cases, and products for this next financial industry.
The ‘what’ and ‘why’?
Multi is a margin-first crypto exchange, born out of frustration with the lack of customer-focused development within the crypto exchange industry. We see crypto exchanges as enablers of the industry, not gatekeepers or rent-seekers, which frankly they’ve become.
Our thesis of margin-first may not be intuitive yet, but we fundamentally believe margin-trading is needed for healthy price discovery and liquidity for any market. This is one of our core focuses — enabling margin-trading for as many markets as possible with peer-to-peer funding. The exchange needs to be transparent and inclusive, not a black box.
What is live today?
Our first releasefeatures a spot exchange where you’ll find projects working on the building-blocks, use cases, and products for our collective vision of a better financial system.
In addition, we help these projects with education and mindshare by creating content and organizing events regularly. Check out a recent DEFI panel for a conference we helped co-organize here.
What can you expect from Multi in the future?
We prefer to speak through our actions and are more of an “under-promise over-deliver” kind of team. While our core focus is on delivering high-quality margin-trading, we’ll also be publishing a lot of research and shipping different features/products around privacy, staking, and data analytics. These are all products we as traders long for, but ultimately we will build what the community needs.
Therefore we leave our digital door as open as possible for any feedback/suggestions on further improvements and will give $50 to the 10 best recommendations from the community. Come and see what we’ve been working on and maybe you’ll learn about some exciting project flying under your radar. Share your feedback at feedback@multi.io.
Join us on this journey at Multi.io
For more info on Multi, including news, insights, and promotions, follow us on Twitter: @Multi_Exchange and Telegram: @Multi_Exchange
