The Digitex Futures commission-free BTC futures exchange launched its public beta on Saturday, Nov 30. The company that’s been offering zero-fee trading since its inception finally has the chance to prove what can be achieved with hard work and determination. Initial feedback from closed testing was extremely positive with traders particularly captivated by the Digitex one-click trading ladder.
As a beta version, users may expect some bugs and glitches. In fact, the company is imploring all testers to report any abnormalities so that they can be fixed as soon as possible. Continuous improvements will be made until the platform is ready for its mainnet launch and developers will be listening to all feedback and suggestions.
Digitex CEO and founder Adam Todd explained, “The purpose of launching the beta is to make sure that we put the platform through its paces and ensure its functionality before we go live.” He added, “Even so, I am thrilled to have finally reached this point. Digitex is stronger now than we’ve ever been before. We’ve made it this far, so you can be certain that nothing can stop us now.”
What Traders Can Expect from the Public Beta
Digitex Futures is starting out with just one market, BTCUSD perpetual swaps. This simplifies the experience and gives developers the chance to ensure a flawless user flow and robust functionality before adding additional markets after mainnet release.
There will be no real funds on the beta version. Traders can try their hands at ambitious trading strategies and get comfortable with the user interface using testnet tokens rather than real DGTX (the exchange’s native token). This makes the Digitex beta a perfect training ground for experienced and novice traders alike.
When traders sign up for accounts, they will automatically receive 100K testnet tokens to trade with. Digitex is also planning to hold high-stakes trading competitions throughout December in order to encourage more active trading and testing of the platform.
The One-Click-Trading Ladder Interface
Digitex’s trading ladder will be new to many in the crypto futures trading space. It allows traders to see the price movements moving up and down on both sides of the ladder and to place a trade with just one click — no extra mouse movements or keyboard strokes.
The overwhelming reaction from the closed testing was that the ladder interface is “fun” and “addictive.” One of the early testers, ReadySetCrypto’s Doc Severson said that the ladder was “the most important part of it,” and that “this is what’s missing from every other futures-based interface that’s out there in crypto… a proper trading ladder.”
Adam commented, “It’s a very intuitive way to trade, the price is literally moving up and down in front of you, on top of that, you can place trades with just a single click of the mouse, you can cancel it with a single click, you don’t have to take your eyes off the price action. The interface is more about what the user is not doing than doing.”
The Potential of Commission-Free Trading
Clearly, beyond the rapid-fire trading interface, Digitex’s main value proposition is that it is commission-free. This is different from any other fee-charging BTC futures exchange on the market. Currently, it’s practically impossible for short-term traders and scalpers to make money due to crippling commissions.
By being a zero-fee exchange, traders can place as many trades as they want without incurring a single fee. As Doc commented, “You can buy and sell over and over and over and over again in a 24-hour period without incurring any commissions.” This, the company believes, will create a whole new class of trader as well as highly active and liquid markets.
All Eyes on Digitex Futures
With the public beta version already unveiled, all eyes are on Digitex Futures. If you want updates or to join in the conversation, sign up to the company’s Telegram chat, check out its Twitter, or visit the Digitex Futures blog. And don’t forget to sign up for your account on the beta platform here.