EverMarkets Exchange (EMX Token): Crypto Derivatives Trading Platform?

2018-7-1 19:22

The EverMarkets Exchange or EMX as it is popularly known is a cryptocurrency exchange that is out to reinvent the crypto marketplace. It aims to do this by ensuring that traditional future products get to be included into crypto trades. EMX seeks to build a hybrid exchange system by combining innovative market structure, blockchain technology, and vast industry knowledge.

With the EMX token, you will be able to go short or go long on commodities, crypto futures, single name equities, and even stock market indices. All you need to get started is the EMX token.

What Is the EMX Token?

This is an all-in-one coin for use in the EMX platform. The token provides users with various ways to make a profit, ranging from lending and leveraging, to providing other traders with much-needed liquidity. The features of this token include:

Lending: You can lend your EMX tokens to other traders. Lending out your tokens will provide them with leverage of a certain value. When you lend out tokens, you get to earn a certain fee from the trader. In the meantime, you will get to hold on to some of their assets as collateral. For you to begin earning, all you need to do is deposit such coins in a syndicated margin.

Leverage: Are you in need of EMX tokens to enable you to start trading? Then worry not. It is possible for you to borrow the coins you need from a margin syndicate. All you have to do is log into this platform and get matched with the proper syndicate depending on your current trading profile. You must, however, be prepared to deposit an asset which will act as your collateral.

Exchange: The EMX token makes it possible for you to sell or buy traditional markets and crypto-based futures on a single platform. You also get access to all kinds of crypto futures, like bitcoin and crypto index.

Advantages Offered by EMX

By creating a hybrid next-generation exchange, EMX is able to provide the following benefits to its users:

Transparency

The integrity of all transactions is guaranteed as they are all recorded on the blockchain. When this happens, a publicly traceable, and unchallenged record is created. The record provides all participants in a transaction with all the insight they may need to gain; insight on how a transaction was executed.

Power

It comes with a custom interface that makes it possible to trade derivatives such as commodities and cryptocurrencies, as well as FX and equities. The trading interface is professionally enhanced and provides the traders with an institutional grade platform to conduct their business.

Security

All collateral and trades get warehoused on the blockchain. The ethereum blockchain provides top of the line protection. It is important to note that EMX does not take custody of the assets deposited. This is meant to protect against downtime and possible hacks.

As with any investment strategy, before choosing an exchange is best to do your own due diligence. As we have seen with the market volatility and number of exchanges hacked, operations are not always as secure as they are paint out to be.

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