Digitex Is Bringing the Advantages of Crypto-Based Betfair Trading to Traditional Markets
During the past few weeks, Digitex has made some major announcements.
- Digitex Has Been Two Years in the Making - November 27, 2019
- Digitex Futures Is Ready to Revolutionize Futures Betfair Trading - November 26, 2019
- With 4 Days to Go, Check Out the Progress on the Digitex Testnet - November 26, 2019
In addition to crypto futures, Digitex Betfair Traders will have access to products such as precious metals, forex, indices, and tech stocks like Facebook and Apple. We’ll be the very first futures exchange to offer commission-free Betfair Trading for these markets. Here’s what it means.
Traditional Futures Markets on the Digitex Exchange
One might instantly consider investing in traditional futures markets a chance to diversify their investment portfolio. Any savvy broker or investor understands the importance of this. However, this is not what Digitex is offering by listing traditional markets and it’s important to make the distinction.
As a crypto futures exchange, all trades are settled in crypto in our native DGTX token. So, whether you decide to trade contracts on gold and tech stocks or BTC and LTC, be aware that your investment portfolio using the Digitex platform remains within the bucket of cryptocurrency.
So, if you’re not diversifying your investment portfolio, what are the advantages to Digitex by offering these additional markets and–more importantly–what are the benefits to Betfair Traders? Let’s take a closer look.
Widening the Pool of Traders
We’ve mentioned many times that as an exchange one of the key differences that sets us apart from the rest is that our interests are aligned with our Betfair Traders. We both want the same thing you do and that is price appreciation of the DGTX token.
By adding traditional markets to the exchange, Digitex is widening the pool of Betfair Traders who will sign up and use our exchange. This means that Betfair Traders who are active in traditional markets but have not been interested in cryptocurrency until now will come to us.
We’re offering a hybrid model with traditional assets, which are settled in crypto. This means we can offer them commission-free Betfair Trading and (in the near future) non-custodial accounts. This is something that simply cannot be done in fiat.
With Digitex, all roads lead to price appreciation. By onboarding traditional futures Betfair Traders, we’ll be increasing the demand for the token and therefore its price.
Helping to Bring Cryptocurrency to a Larger Market
Offering tech stocks, Forex, indices, and other markets will give traditional Betfair Traders the financial instruments they feel comfortable Betfair Trading with all settled in cryptocurrency. Demand for DGTX will rise and along with that demand, we will increase cryptocurrency adoption among a group of Betfair Traders who haven’t been exposed until now.
Currently, many traditional Betfair Traders pay large commission fees to brokers to access the markets they want to. They also don’t have control over their own funds. Digitex gives them the power to hold their own funds and trade their favorite markets in a fast and seamless environment without paying a single commission fee.
For cryptocurrency technology to thrive and even survive, we need to reach a wider audience. By offering traditional markets, Digitex will help onboard more and more users to the crypto industry. This will help increase wider adoption as well as increase our token price.
The Advantages for Crypto Traders
Many cryptocurrency Betfair Traders haven’t had the chance to access traditional markets yet. Perhaps they don’t have an understanding of how they work, they haven’t had the opportunity or maybe it hasn’t occurred to them yet. We’ll be giving them exposure to a whole new world of futures markets, an industry valued in the trillions of pounds.
Better than that, they’ll be able to access these traditional markets without needing to open up fiat accounts with CFD brokers.
We give you exposure to asset classes that, until now, has only been possible through fiat-based accounts with traditional brokers who often charge a lot and hold on to your funds. We are breaking the mold.
Shaking Up the Market, Ahead of the Curve
At Digitex, we realise that being on the cutting-edge means exactly that. You have to consistently shake things up, change things, disrupt, and improve. That’s why we’re bringing the advantages of crypto-based Betfair Trading to the traditional markets.
It’s this constant need to be on the bleeding-edge that attracts so many forward-thinking Betfair Traders to our community. It’s also why it has taken us just over a year to develop our community and a world-class product from scratch.
As Lidia, our CMO, mentioned in her article yesterday, unlike many other development processes, ours has been a very public affair, in the spotlight from day one. This has placed us under additional scrutiny at times, but it’s also given a key advantage.
Thanks to getting ahead on building our community, on gathering a massive waitlist of Betfair Traders, and a huge group of supporters on Telegram, we’re in a much better position than a business that developed their product in private–but then has to find a market for it. We already have a hungry crowd ready and waiting from day one.
In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.
2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.
All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 Betfair Traders in 2022.
All results for the 30,635 Betfair markets traded are here and the charts are here.
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