The new kid on the block  DMEX (Decentralized Mercantile Exchange) that offers margin trading for the most popular crypto-assets has surpassed $100 Million in daily traded volume just two months after its launch.

Launched at the beginning of July, DMEX is the second project from the team behind a decentralized ERC20 Token Exchange. With vast experience in smart contract and UX development, the team has started on the path to take trading to the next level and take on the industry leader BitMEX.

DMEXoffers an absolutely identical experience to traditional centralized exchanges, you don’t even have to pay gas fees (an unpleasant element in dealing with dApps), DMEX is taking care of these costs, the user simply pays the trading fee on each trade.

Trades are executed instantly, and sent in batches to the blockchain to make the relevant account movements. Users don’t need to wait for the trade to be confirmed on the blockchain as is the case with most DEXs.

User funds are stored on a smart contract and only the user has access to his/her funds, no one else, not even the people behind DMEX. Users can withdraw the funds from the contract at any time.

Dmex allows trading with up to 100X leverage on top cryptocurrencies such as BTC, ETH, LTC as well as some tokens like BAT and BNB although with lower leverage.

Another unique selling point for DMEX.App is what is called “outside price liquidations”. This means that when the positions reach their liquidation price, a decentralized oracle sends in the price from a reputable spot exchange like Bitstamp (every asset has its price source predefined), and that price is used as the basis for liquidating a position. This means that the price cannot be manipulated on the exchange in order to liquidate a position, a concern voiced by many traders using centralized exchanges.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

E-Crypto News Executive Interviews

Crypto Scams

Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022
Crypto Crime
Crypto Crime Surges To Record Highs As Thieves Follow Market Buzz – Chainalysis 2022 Report
February 24, 2022
Bots Circumvent 2FA Login At Coinbase And Other Crypto Exchanges In 2022
Bots Have Circumvented 2FA Logins At Coinbase And Other Crypto Exchanges In 2022
February 17, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin29,048 0.24 % 0.29 % 0.71 %
Ethereum1,784.8 0.32 % 0.30 % 9.12 %
Tether1.001 0.09 % 0.13 % 0.02 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB305.79 0.12 % 0.36 % 0.95 %
XRP0.3864 0.13 % 1.30 % 6.10 %
Binance USD1.002 0.13 % 0.18 % 0.10 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana42.19 0.01 % 0.92 % 14.91 %
Dogecoin0.08159 0.57 % 3.78 % 3.47 %

Bitcoin (BTC) $ 29,105.00
Ethereum (ETH) $ 1,790.51
Tether (USDT) $ 1.00
USD Coin (USDC) $ 1.00
BNB (BNB) $ 305.67
XRP (XRP) $ 0.386819
Binance USD (BUSD) $ 1.00
Cardano (ADA) $ 0.463317
Solana (SOL) $ 42.44
Dogecoin (DOGE) $ 0.082009