Angus Adams, Analytics Advisor for DXS, recently presented his DXS app at the Unbounded Capital event in Austin. DXS, a CFD trading platform, is transforming the world of micro-trading by addressing the limitations faced by traditional platforms.
In his presentation, Adams delves into the key features and paradigm shifts that make DXS an innovative solution for micro traders. By leveraging web3 wallets, blockchain integration, and crowdfunded liquidity, DXS offers an efficient and accessible trading experience tailored to this niche market.
DXS empowers micro-traders with $0.01 minimum trades
Adams explained that micro-traders, defined as individuals with $50 or less of trading capital, often encounter obstacles on traditional platforms. Minimum deposits, withdrawals, trade sizes, and high transaction fees hinder their participation.
These barriers stem from the fixed costs associated with additional trades on conventional platforms, including liquidity funding, integration with the banking system, and account management expenses.
DXS emerged as the solution to these challenges. By significantly reducing costs, DXS caters specifically to micro traders. The platform empowers users to trade with as little as $0.01 and offers up to 100x leverage.
With a streamlined interface, double-click risk management, and seamless integration with Web3 wallets, DXS enables effortless trading across various markets, including cryptocurrencies, forex indices, commodities, and stocks. Notably, all transactions are recorded on the blockchain for transparency and security.
Identifying the market for micro-trading
The growing global crypto adoption index supports DXS’s focus on micro traders. By analysing Chainalysis data, DXS identifies emerging market economies like Vietnam, the Philippines, India, and Nigeria as potential hotspots for micro-trading. With approximately 74 million crypto holders in these jurisdictions alone, DXS is poised to tap into a significant market.
Adams noted that CFD (Contract for Difference) emerges as the ideal instrument for serving the micro-trading audience. Offering flexibility in trading any market and speculating on price movements, CFDs enable traders to start with minimal investments.
DXS capitalises on the existing CFD industry, which has thrived for over 20 years, with renowned companies like eToro generating billions in trading volume annually. DXS aims to reimagine this proven business model by providing greater efficiency and accessibility.
Blockchain integration for seamless settlement
The widespread adoption of Web3 wallets has opened new possibilities for DXS. By leveraging this technology, DXS eliminates the need for deposits, withdrawals, and account management on its platform.
Users can directly open and close trades from their wallets, simplifying the registration and onboarding process. This integration not only reduces costs but also enhances user experience and trust.
However, DXS goes beyond utilising blockchain as a buzzword. It leverages blockchain technology for financial settlement and trade engine operations. By ensuring near-zero-cost transactions and instant settlements, DXS enhances efficiency and transparency. Every trade is logged on the blockchain, creating an auditable and objective record that fosters trust between DXS and its users.
Crowdfunded liquidity and sustainable growth
DXS employs the concept of crowdfunded liquidity, a popular feature in the DeFi space, to minimise overhead costs. Traders on DXS trade against a liquidity pool, where profits and losses are shared.
This innovative approach allows DXS to operate with minimal liquidity costs per user. Additionally, DXS separates the liquidity pool as a not-for-profit foundation, ensuring transparency and fair utilisation by multiple competing brokerages.
If you would like to try DXS for yourself or need more information about DXS, you can find more information on the official DXS app website.