Bringing Derivatives based trading to Cryptocurrency - IDAP
Blockchain technology has cut across our existence and with it has risen many different cryptocurrencies all aimed at one thing: enhancing workflow and making it much easier. This can be seen in the numerous dApps and apps which has been deployed on the blockchain. There has been many DAO as well. In the light of this, there became a need for easy transfer of these cryptocurrencies from one person to the other, as a result of this need, there came cryptocurrency exchanges where trading is facilitated.
The various cryptocurrency exchanges as we know it today, has facilitated trading of different cryptocurrencies. The major setback of these exchange both the centralized and decentralized exchanges, is their inability to offer traders many options and choices when it comes to tools needed to execute a trade or enhance their trading skills. All that these exchanges offer are just a bunch of basic trading features that help in monitoring trades and executing them. The users are not given the opportunity to explore and try their knowledge on new trading skills.
The cryptocurrency market is very volatile and as such, there is need for a diverse options of trading instruments from which a trader can choose from in order to maximize their profit and have a better chance in the market.
With Idap exchange, new money will be introduced into the cryptocurrency market as it is offering everyone even the new comers an opportunity to minimize their risk and maximize their profit through its improved options for trading through the availability of diverse trading instruments and tools. This strategy by Idap, will help restore the cryptocurrency market to its all time glory as recorded sometime last year and early this year.
Official Links
Website: https://www.idap.io/
Ann Thread: https://bitcointalk.org/index.php?topic=3431151.0
Whitepaper: https://www.idap.io/docs/idap-io-whitepaper.pdf
Telegram: https://t.me/idap_io
MY BITCOINTALK PROFILE:
https://bitcointalk.org/index.php?action=profile;u=1016770
Wallet:Address :0xfb3EC7D9cdCaBb656C3779df245Ab0dD4809366c
Derivatives options is a good approach to enhancing a traders profit and experience at the same time. Many exchange has come but non has fully articulated this need.
Yes, it sure helps users hedge their funds and stay more profitable even in a bear or bull run.
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Thanks buddy
I hope this approach helps restore the cryptocurrency market through its provisions for traders maximal utilization of the volatile cryptocurrency market for more gain. This sure is a game changer.
I hope so too, let us see how it will go at the end. But me as a person is positive about how much the project will achieve because they already have a working product.
Yes it looks like Blockchain technology has come here to stay and will be an integral part of our lives in years to come.
Yes. As it is being integrated in every sphere of our daily lives for easy living.
I fear that derivative trading will infect crypto with all the problems that derivatives have in the stock market. For example, if exchanges allow investors to back puts with naked shorts; then Wall Street could suppress and manipulate currencies by flooding the market with fake crypto.
Even if wall street comes in with fake crypto in order to manipulate the market, I think people already understand the effects of pump and dump coins on their portfolio and will stir clear of such cryptos. It is easier when derivatives is introduced in crypto for example the ability to hedge funds will be made possible and every trader will be able to utilize the volatile market for their own good.
Once you have invested in crypto, exchanging and trading crypto is equivocal. Instruments and tools are numerous, and IDAP is another one much more sophisticated than some of the average tools we see out there. Blockbasis are also in the crypto exchange game, although we focus on making it easy for our users to send and receive cryptocurrency via email, for which we based our services on the blockchain.
Thanks for mentioning your project, I will take a look and see for myself.
Derivatives and blockchain. Challenging but yet could be very rewarding. Great article @emilyearl