Digitex Is So Much More Than a Commission Free Exchange
Our one-click trading interface is already causing a stir
- Digitex Has Been Two Years in the Making - November 27, 2019
- Digitex Futures Is Ready to Revolutionize Futures Trading - November 26, 2019
- With 4 Days to Go, Check Out the Progress on the Digitex Testnet - November 26, 2019
Digitex is the first ever commission-free futures exchange that will offer traders a seamless, trustless trading experience. With plasma integrated into our technology stack and a one-click trading interface, our hybrid exchange is already causing a stir. But beyond all the features and zero fee policy, Digitex is much more than a commission-free exchange.
It’s no surprise that the words “commission free” are extremely attractive to traders. As we’ve seen from the (near) million people already signed up to our waitlist, traders don’t like losing money to the house. At Digitex, we want to level the playing field and allow all traders, large and small, to make a daily living. Here are some of the things that we stand for and why.
Achieving Financial Freedom
It’s not just about experimenting in the trading world or “going big or going home.” Digitex lowers the barrier for retail traders by allowing them to speculate on cryptocurrencies, commodities, stocks, and bonds with small amounts of funds.
We’re not about one large trader making a fortune at the expense of others. In fact, our automated market makers won’t receive special treatment or even make money. Their winnings will remain in the Digitex ecosystem.
With no mechanical edge working against them, high-frequency, low-volume traders and short-term scalpers can actually make a living from the accumulation of small profits over time. They can potentially reject the traditional 9-to-5, say goodbye to their day job, and achieve financial freedom.
As Adam Todd, Digitex CEO remarks:
“Digitex isn’t just a commission-free futures exchange. It’s a place where anyone has as good a chance as anyone else to achieve financial freedom through becoming a successful trader.”
Our Interests Are Aligned with Our Traders
Unlike so many other exchanges that charge hefty commission fees or disguise their “fee-free” model in other hidden charges, Digitex is an exchange whose interests are truly aligned with our traders. How so?
“Because we’re not constantly siphoning money out of the liquidity pool in the form of commissions and other hidden charges. That money stays within the exchange ecosystem where instead it is won by the successful traders,” Adam explains.
“And because of our unique token issuance revenue model that is only made possible by blockchain technology, the financial interests of the exchange are actually aligned with the traders. No other exchange is this aligned with the interests of its traders.
Instead of the exchange constantly trying to fleece its users by charging as much as possible, we want exactly the same as the users do–which is a steadily rising token price because that is how the exchange makes the money to cover its costs.”
Producing Winners No Matter Their Background
Above all, we believe that everyone should have an equal chance of changing their financial future and being in charge of their own wealth. By cutting out the traditional broker and peeling back the layers of complexity that prevent potential traders from getting in the game, everyone has an equal chance at Digitex.
Your background, location and even trading experience are irrelevant here. We will produce winners regardless of where they come from and how much they invest. More great traders equal more winners. And the more there are, the more we win as an exchange as well. Adam says:
“More money to be made will create a much higher percentage of winners than any traditional fee charging exchange. More traders and more winners will produce that goal. This will allow all kinds of people to achieve financial freedom, wherever they are, regardless of location, social background or access that often only people in the first world have.”
Turning Dreams into Reality
Every journey starts with a single step. When Adam ground it out as a pit trader in London, he grew tired of watching profitable days turn into losing ones after paying out commissions. He dreamed of a world in which traders like himself would no longer have to lose a percentage of their income to the house.
He also didn’t come across any diversity. Leaving the pit and traveling the world allowed Adam to see things from a different perspective. He realised that not everyone had the same rights and privileges as people in the first world. And while on his journey he continued to think about his dream around in his head.
“Having the chance to build my own exchange that completely levels the playing field for people of all walks of life, regardless of social status or education or location in the world, has always been a dream of mine.”
And now that Adam’s dream is becoming a reality, we’ve been blown away by the response to the Digitex concept. We can’t wait to launch our exchange and prove to people that they can be winners, that they can shake themselves from the shackles of their day jobs, and become part of the Digiex trading community.
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.