10 May 2022 15:50, UTC
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Decentralized Finance Platform (DeFI) developers Hyperdex have announced the launch on Mainnet. Their universal investment platform presented 3 initial products: Fixed Income, Algo Trading and Race Trading. The creators of the startup stated that all of them successfully passed the process of finalization and independent audit.
The products are Hyperdex technology cubes and offer users different methods of investing. Fixed Income gives customers the opportunity to earn a fixed income through the use of a low-risk strategy.
Algo Trading performs algorithmic trading. It is also a minimal risk approach where investors can earn variable returns over a period of time.
Race Trading, on the other hand, carries increased risk for user deposits. This method allows betting on the future price of a crypto-asset, according to the cryptoderavits principle.
The developers said their platform was created to make it easier to invest in the DeFi sector. Hyperdex co-founder Manfredi Magris said that ordinary users would get features that were only available to professional investors.
The platform simplifies all the processes that go into derivatives trading and eliminates the need for customers to comply with margin requirements, set stop-losses and conform to trade-watching psychology by fully automating processes.
Earlier, Crypto.ru’s editorial board reported that Bitlocus, has signed a partnership agreement with banking service provider Striga. Together, the firms announced the development and release of a cryptocurrency debit card. It will support transfers and payments for goods and services in digital currencies. Customers will be able to pay at tens of millions of merchants around the globe.
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