Decentralized exchanges aren’t ready for derivatives -Breaking
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If the words “derivatives trading” conjures up images of men in suits with disheveled white sleeves rolled up to the elbows and exacerbated expressions on their faces — like something out of The Big Short — then the word decentralized exchanges (DEXs) must conjure up, well, nothing.
The floor traders are not present in offices. There is no man wearing a suit, and no paper-waving floor trader. Platform participants can participate in mission-critical decisions and assist with managing DEXs automatically, semi-automatically. Although DEXs represent a light bulb in a system which is providing new opportunities for many people, they’re not ready for derivatives trading at this time of crypto markets.
Tom HowardPowerTrade’s director of business development, growth, and marketing is an avid product geek and founder who has a passion for finance and reinventing money. Tom is a founding partner in the blockchain investment firm Taureon and an early investor. He has witnessed the many booms and busts of cryptocurrency and the huge challenges that users have when using cryptocurrencies to pay for their electronic money. Tom, who was also co-founders of DeFi Nation as well as Mosendo’s co-founder, brings his extensive knowledge about decentralization into the world of crypto derivatives.
Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.
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