TimesNewswire – According to CryptoCompare, since the start of the Russo-Ukraine war, daily trading volumes

denominated in Russian rubles began to surge, and the conflict between Russia and Ukraine has brought the cryptocurrencies led by Bitcoin so much attention that the Washington Post called it the world’s first “cryptocurrency war”.

Experts say the war and western sanctions have made it a trend for bitcoin to be used to transfer value, with cryptocurrencies out of government control, unaffected by emergency bills, and Russian families and businesses eager to convert rubles into cryptocurrencies.There are signs that people are scrambling to convert savings into cryptocurrencies because there will be no scrutiny on cryptocurrency transactions.

In the state of global economic turmoil, the rise of mainstream cryptocurrency assets such as bitcoin fully proves the development trend of cryptocurrencies.As an important part of cryptocurrencies, crypto asset derivatives are a very important part of the development of the whole industry.

Development and status quo of crypto asset derivatives

In the crypto asset trading Market, spot trading mainly earns profit by buying low and selling high, while futures can profit by short or doing multiple operations. It is more operable than the spot market, and futures investment is more favored by investors in a bear market.If you look at the future market trend, choose short is also a good investment choice.

Through contract trading, investors can make money in both rising and falling prices, greatlyimproving the utilization rate of funds.It is because of the particularity of contract trading, the stability of contract trading system is crucial, which needs to rely on technical means to support.

We note that the cryptocurrency Exchange FTX has injected new impetus into the digital contract market and continues to operate steadily in the cryptocurrency contract market.

FTX’s third anniversary as a decentralized exchange

Cryptocurrency exchange FTX is launching a decentralized exchange (DEX) based on the Solana blockchain.

“Solana is great,” FTX CEO Sam Bankman-Fried told , who thinks the Solana Network is faster and cheaper than Ethereum.Bankman-Fried said that FTX aims to launch DEX based on the Solana public chain “in a week or two”.DEX is called FTX DEX and is interoperable with Ethereum.

Solana was founded in 2017 and is headquartered in Geneva, Switzerland, with its three major founders, Anatoly Yakovenko, Greg Fitzgerald and Stephen Akridge, who all worked at Qualcomm.Such a technical team is committed to building Solana as a public chain that expands under Moore’s Law and provides high performance and low cost for large-scale applications.

The massive explosion of DeFi has overwhelmed the Ethereum public chain.On the eve of the DeFi outbreak, the Solana team predictably launched the Ethereum Bridge — — wormhole (Wormhole) protocol, realizing the cross-chain transfer of assets on Solana and Ethereum, thus providing a new option for the large number of DeFi projects on Ethereum.Before the Layer 2 expansion scheme is fully implemented, Solana provides a public chain for various platforms and projects that can migrate quickly at a low cost and cost without rewritingcontracts.

In 2022, Solana has overtaken Ethereum, and SOL has successfully crossed Cardano (ADA) and Tether (USDT), occupying the fourth place in market value.At this time, FTX chose to launch Solana-based decentralized exchanges, which successfully followed the trend.

(Official website: www.daoftxdex.com)

Extreme security guarantee and performance support

FTXDEX is an expert in applying advanced technology to provide decentralized blockchain solutions.The founding of the FTX team dates back to 2019, when elite talents from finance and technology came together with a vision of building a secure and credible exchange and fully unlocking the potential of crypto assets, opening the FTX exchange.

FTXDEX will meet the needs of individual and institutional investors in terms of compliance, performance, security, credibility, and adaptability, and the FTX Exchange has received compliance licenses from a number of countries and regions.

For cryptocurrency exchanges, technical security is the primary factor.FTX knows the importance of security in the development of exchanges. In FTX, users ‘crypto asset storage adopts advanced technologies such as multiple signature cold wallet and private key offline hot wallet, whicheffectively ensures the security of users’ funds.Professional external technical consultants, including Solidus labs, Cloudflare and other companies, have been having a long-term and stable cooperation with FTX.

At the technical level, Len Webb believes: ” For the trading platform, the stability, real-time and accuracy of the engine are very important for users’ capital management, and the system performance is the core competitiveness of the trading platform.Due to the high volatility and uninterrupted trading of cryptocurrencies, their risks and returns are higher than those of traditional financial products, especially the leveraged contract transactions, which have more stringent requirements for the stability and matching speed of trading platforms.”

The FTXDEX platform adopts the world’s leading multi-layer and multi-cluster system architecture.The high-speed trading matching engine used can fully meet users’ high-speed trading needs and complete transactions efficiently and quickly.FTX’s matchmaking engine technology, formerly a professional engine for the traditional securities market, can handle millions of transactions per second and achieve a minimum of ultra-low order delays of 80 microseconds to ensure the optimal price execution of transactions.Therefore, ordinary crypto asset traders can also enjoy the institution-level trading experience brought by FTXDEX.

In such as March 12,2020, such extreme market, many traders may have experienced platform downtime, not timely trading, or due to lack of liquidity, trading cannot be completed in time,and FTXDEX thanks to independent research and development of high-speed trading engine, even 312 such extreme market, FTX users are not affected.

Adhere to the original intention, and constantly optimize the contract products

FTXDEX has a high market share and covers a wide range of user groups with excellent performance, extremely fast market trading, and rich products, especially in the European and East Asian markets.At present, FTX’s business has spread across dozens of countries and regions around the world, the number of users has maintained a high growth, loved by users in all regions of the world.

The development of the contract market has high technical requirements, and perhaps only exchanges like FTXDEX, which are focused, professional and constantly challenging and mproving themselves, can go further.