Interdax, a digital assets exchange offering crypto derivative contracts has opened its testnet to the public, according to a company release.
Interdax, registered in the Seychelles, said its crypto derivatives platform takes a “novel approach to trading” by giving investors the option to interact and compete with others in the crypto trading community via “trading battles.” Interdax testnet users may trade BTC-USD and ETH-USD perpetual swap contracts with up to 100:1 leverage. Interdax describes these trading battles as similar to eSport style tournaments. Competitors may have the chance to win up to $10,000 every day.
Daniel Dixon, Co-Founder and Chief Marketing Officer of Interdax commented on the announcement:
“We are facilitating user experience by deepening and extending community interactions. Battles provide another source of earnings and an extra layer of excitement for traders while also increasing the liquidity of the exchange. In an increasingly digitized world, social media and eSports continue to gain popularity because they bring people together. Social interaction is and will continue to be one of the most important aspects of people’s lives. Trading battles combines the social engagement we all desire with the traditional trading that investors know and love.”
Interdax said it is also introducing continuous settlement for cryptocurrency derivatives. For traders, this means profit is immediately available as margin – a feature unavailable on other exchanges.