Connect with us

Blockchain

DIFX: A Global Solution to Cross-Asset Trading

Avatar

Published

on

While decentralized finance and blockchain technology have already severely impacted centralized finance, further change is yet to come. Each blockchain platform must improve its efficiency and strengthen its roots to prepare for the future. However, this cannot be done while the ecosystem continues to struggle in cross-asset trading.

Cross-asset trading is an essential part of the cryptocurrency world as it allows traders to diversify their portfolios in a single place. However, there are only a handful of platforms working to provide such a solution, and DIFX is one of them. It is a hybrid platform recently launched in the UAE region that enables cross-asset trading.

Pain Points for Traders of Crypto Community

DIFX aims to solve pain points that crypto traders face to become a global solution for cross-asset trading. Some of these pain points include:

  • Poor Customer Service

Good customer service is vital in the crypto industry as several people are still unfamiliar with the technology and need support. However, most of the platforms lack good customer service, making the experience disappointing for users. 

  • High Trading Fee

High trading fees discourage users from buying cryptocurrencies and creating a diverse portfolio. Generally, exchanges charge anywhere between 0.25% to 3%, which can amount to a hefty amount in large trades. 

  • Liquidity

The cryptocurrency market suffers from a lack of liquidity which limits the capacity of trading orders. Many exchanges are not equipped to handle a large influx of capital, which results in inefficient management and services. 

  • Poor Security

Several crypto exchanges and wallets are prone to security breaches which can be devastating for users holding their assets and can result in huge losses which cannot be compensated. 

  • Constricted Portfolio

As most crypto exchanges do not offer cross-trading, users have to divide their assets into different exchanges to create a diverse portfolio. Constricted portfolio can result in considerable losses in the highly volatile crypto market. 

  • User-Friendliness

Most people outside the crypto community are unfamiliar with the workings of a crypto exchange. If the platform is not user-friendly, it will add to the confusion and act as a roadblock for crypto adoption. 

DIFX as a Global Solution

Cross-asset trading is extremely important for crypto traders as they help in risk management and better profits. DIFX understands this importance and provides a hybrid cross-asset trading and exchange platform which offers several features. All of these features work in harmony to tackle the pain points faced by crypto traders. 

Improved User Interface

DIFX offers a highly intuitive and user-friendly interface to make trading easier for users. It has an AI-based management tool that can manage the user account. 

AI-Based Bots and Dedicated Support

DIFX offers real-time solutions to all problems using AI-based query resolution bots. The company also has an expert support team to provide instant solutions to all problems. 

Token Vetting and Pre-Screening

All of the tokens listed on the platform are pre-screened to avoid any dubious or sketchy tokens that can harm the portfolio of traders. 

Dedicated Cloud Servers

Cloud servers ensure zero downtime, quick response, low latency tickets and zero lag for trading and managing various assets. 

Security Audits

DIFX prevents security breaches by regularly conducting security audits and ensuring the proper functioning of all security mechanisms. These audits also eliminate any possibility of wash trading or price manipulation. 

Cross-Assets Trading

DIFX is one of the few platforms that offer traders the option to cross-trade between different assets such as cryptocurrencies, forex, indices, commodities, and stocks. This feature helps traders create a diverse portfolio while enjoying discounted trading fees by 50% by paying fees in DIFX tokens. 

DIFX is a one-stop solution that creates a hybrid working model for both centralized and decentralized exchange. It is currently available for users in the UAE region and will soon be expanding worldwide.  

 

Continue Reading

Blockchain

Terra Casino That Could Burn 24 Billion LUNC within 6 Months Goes Live

Avatar

Published

on

Terra Casino, an online bookie dedicated to burning LUNC tokens, has been launched. Although the transparency of Bookie’s LUNC Burn is still a thing of concern within the Terra Classic community, it has the capability of burning about 24 billion LUNC within six months. The new development was announced via the official Twitter handle of […]

The post Terra Casino That Could Burn 24 Billion LUNC within 6 Months Goes Live appeared first on Times Tabloid.

Continue Reading

Blockchain

Bank of America to Leverage Ripple ODL Services Once XRP Lawsuit Ends, Garlinghouse Affirms

Avatar

Published

on

Ripple, the crypto solutions company which offers cross-border payment services is also known for its On-Demand Liquidity (ODL) merchandise. Whereas numerous fintechs have partnered with Ripple to use its ODL services, the ongoing XRP lawsuit has hindered more enterprises from joining forces with the San Francisco-based crypto firm. Among the financial companies halting their adoption […]

The post Bank of America to Leverage Ripple ODL Services Once XRP Lawsuit Ends, Garlinghouse Affirms appeared first on Times Tabloid.

Continue Reading

Blockchain

Terra Classic (LUNC) Defeats Bitcoin (BTC) in the Binance Showdown Contest

Avatar

Published

on

Terra Classic (LUNC) came out as the winner in the just-concluded Community Showdown contest hosted on Twitter by Binance, the world’s largest digital assets exchange. This goes further to show that support for LUNC remains high, despite the predicament the project experienced in early 2022. Some weeks ago, Binance rolled out a hashtag competition on […]

The post Terra Classic (LUNC) Defeats Bitcoin (BTC) in the Binance Showdown Contest appeared first on Times Tabloid.

Continue Reading

Trending