DMEX is a decentralized anonymous margin trading exchange that doesn’t require KYC checks, simply generate a wallet inside the app and start trading.

Because DMEX runs on a smart contract you do not need to register with your personal information. Simply generate a new wallet in-app and start trading right away.

Most decentralized exchanges provide synchronous trade executions, which means you have to wait for the last trade to record on the blockchain before performing a new one. DMEX however, implements a state-of-the-art matching engine that tracks your account balance while the transactions are still being confirmed on the blockchain. This means that you can execute multiple trades, instantly, that will be recorded within the same block giving you the same experience as you would get on a centralized exchange like BitMEX.

Once the trade is confirmed on the blockchain, you can withdraw the funds straight away. Confirmation usually takes no longer than 30 seconds.

Perpetual contracts are the most popular trading instrument in the crypto derivatives world. DMEX offers perpetual contracts on all pairs and up to 100x leverage, with comparable funding rates to the industry standard and trading fees as low as 0.05% depending on your order size.

DMEX is the first of its kind DEX to allow BTC as margin currency. This is possible thanks to the integration of pTokens Bridge straight into the DMEX smart contract. When choosing to use BTC as margin currency, you get a BTC deposit address, and all funds sent to it are tokenized and deposited to DMEX while you still hold full custody of your bitcoin all of the time. More details on the BTC integration can be found here: https://docs.dmex.app/bitcoin-integration

And if you want to protect yourself from price volatily, then why not use DAI as margin currency? DAI is a stablecoin with it’s value pegged 1:1 to USD.

DMEX is fully anonymous. You do not need to enter any personal information to trade on DMEX. Simply generate a wallet or use an existing one, store your private key in a safe place and you are ready to trade without any limitations.

All funds on DMEX are in the custody of the users at all times. DMEX team does not have access to user funds. Only the person holding the private key to the wallet can trade and withdraw funds from the exchange. Holding funds on DMEX is as safe as holding them in your wallet.

All expiration and liquidations are performed using oracalized (decentralized) price feeds from trusted exchanges like Bitstamp and Binance. The DMEX team has no way of manipulating the expiration or liquidation price on your position, it comes straight from the reference exchange.

DMEX offers demo trading as an option. Instantly receive test funds to your wallet and start trading on the test net.

DMEX provides access to industry-leading liquidity providers, which allows for razor-thin spreads and high liquidity, meaning that slippage is not an issue on DMEX.

DMEX has been on the market since June 2019 and is now at its 5th iteration of the underlying smart contract infrastructure with zero funds lost due to bugs or hacks. DMEX was developed by an experienced team that has operated a large centralized Bitcoin Exchange and later released the EtherMium DEX in 2018 as an improvement on EtherDelta. This makes them competent enough to provide a stable and secure trading environment as well as a massively improved product offering compared to the existing centralized options.

If you are looking for a safe place to trade crypto derivatives without going through KYC procedures and having the ability to withdraw funds at any time even in the unlikely event of the website being down, search no further. DMEX looks like a platform with great potential, especially given the recent crackdowns on centralized derivatives exchanges, pushing more and more traders towards decentralized alternatives.

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The post DMEX: No-KYC Derivatives DEX With up To 100x Leverage appeared first on Bitcoin News.

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