At Unbounded Capital we have, for years, held the belief that Bitcoin’s (BSV) highly efficient immutable public ledger will serve as the foundation for a myriad of new businesses which will drive innovation for the future of the internet. DXS (formerly TXDP) is a great example of one such business taking full advantage of this powerful new tool for a revolutionary new market making derivatives brokerage which settles trades virtually instantly and with fees as small as a fraction of a penny on the Bitcoin ledger.
On DXS, anyone with some Bitcoin can enter into trades on stocks, crypto, commodities, forex, or stock indices with margin in trades sized as small as $0.01. Active traders looking to enter and exit positions quickly can benefit from near instant settlement on the Bitcoin blockchain, removing the need to wait for T+2 settlement on legacy platforms. The speed, efficiency, and flexibility of using DXS offers traders used to legacy platforms a substantial UX improvement, but for traders in emerging markets these advantages could be the difference between having exposure to these investments and being priced out. As a result, DXS has been focused on these underserved markets where the ability to access once impossibly-small trade sizes and low fees make all the difference.
Another focus of DXS is auditability. This is emphasized through its revolutionary liquidity engine which pools funds for its insurance pool from liquidity providers, offering them a stake in “the house” in return. DXS users who love the UX of the platform and anticipate its growth in the future can provide liquidity for DXS to pay out winners in periods where winners outpace losers, something that in the long-run does not persist on these platforms. In exchange for their provisions to the liquidity pool, users are paid out a portion of trading losses, a major revenue source for platforms like DXS. As with simply placing trades on the platform, all of this is easily accessible through DXS’ web app or mobile experience and publicly auditable on the Bitcoin blockchain giving liquidity additional transparency into the process.
The team executing on this vision of transparent and hyper-efficient trading is led by CEO Armen Azatyan. Together, they quickly went from idea to production and hit the ground running with rapid month over month growth in users, trades, and pooled liquidity. To meet two members of the team, check out this interview on Coingeek Conversations.
The DXS team has done a fantastic job of documenting DXS’ features and explaining how their platform works with an extremely thorough FAQ page. DXS also offers Leverage Derivatives Trading for Bitcoiners, Noncustodians, and others. For non-US based readers seeking to learn about DXS in a hands-on way, go to DXS.app and try it out today!