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Technology platform for interactive financial markets LevelTradingField is launching an exchange of cryptocurrency derivatives using the ethereum blockchain.
CADE dubbed, the exchange is set for activation in September. It will list the ERC-20 tokens that track bitcoin, ether, litecoin, bitcoin money, ripple and monero, with others to consider in rotation, according to a press release published on Friday.
These tokens will allow traders to reap the economic benefits of crypto investment without actually owning any of the digital assets.
All CADE derivatives must be priced in LUSD, a stablecoin pegged to the US dollar and guaranteed by the company.
The press release notes that this type of exchange could be used in a variety of beneficial ways, not only for cryptocurrency traders, but also for miners and long-term investors.
On the other hand, the release also notes that CADE will only accept participants who have successfully passed a robust "compliance framework" to ensure that the know-your-customer and anti-customer standards are met. recycling.
Last year the company launched a predictor of the Bitcoin market that attracts participants to bet on future bitcoin price movements in a game of skill similar to fantasy sports betting. More recently, LevelTradingField has also announced a new partnership with NetXpress, a global connectivity provider, with a cryptocurrency feed for users who consolidate data from major cryptocurrency exchanges.
Swap display image via Shutterstock
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