Announcements

Mar 3, 2021

ACDX will use Casper to Redefine Derivatives

Via Casper’s predictable model, users will be able to predict and guard for gas prices in derivatives trading.

Medha Parlikar

Medha Parlikar

CTO

ACDX will use Casper to Redefine Derivatives

Today we are pleased to announce our partnership with ACDX to redefine derivatives. ACDX is the world’s first cryptocurrency exchange offering structured products. Through the integration with Casper, ACDX will allow users to accurately predict and guard for gas price spikes in derivatives trading, which is currently one of the most pressing pain points for derivatives traders on other protocols. According to ACDX, this is their first step towards building a more decentralized network.

“The crypto community has been greatly anticipating Casper’s upcoming mainnet launch. We’re thrilled to be among the first organizations to utilize the Casper network for gas price prediction. Its ability to deliver high performance without sacrificing on security or decentralization is a key consideration for us.” said Andy Cheung, founder and executive chairman at ACDX.

Founded by former OKEx COO Andy Cheung, ACDX is pioneering a more innovative and transparent approach to crypto derivatives trading at a time of historic interest. Its star products include perpetual futures and Bull Bear Strike Token which is a hybrid of perpetual futures and options. The goal of the partnership is to make derivatives trading more accessible and convenient for ACDX traders.

“As the market continues to mature, there’s growing demand for cutting-edge exchanges from high frequency traders. ACDX has developed a powerful and highly differentiated solution that leverages Casper’s performance and security functionality to support crypto derivatives trading in a way the industry has not previously seen.” commented Mrinal Manohar, the CEO of Casper.

ACDX’s efforts to bridge the gap between centralized and decentralized exchanges are ushering in a new era for derivatives trading. Casper will play a core role in this process, enabling maximum flexibility for ACDX traders.

This is just the beginning of this relationship, so stay tuned as ACDX continues to offer innovative solutions for the wider crypto and DeFi community.

To learn more about ACDX, visit acdx.io


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