ACDX – an innovative cryptocurrency derivatives exchange – has recorded viral growth since its launch in September. The highly accomplished executive team leading ACDX expects the exchange to rank among the top seven cryptocurrency derivatives exchanges by Q4 2021. The ACDX performance figures for 2020 demonstrates that a top-seven ranking is not only achievable but could easily be surpassed.
ACDX’s commitment to releasing innovative products will accelerate the exchange’s progress towards achieving this goal. ACDX is lined up to list the first structured product for the cryptocurrency market in Q1 2021. Structured products are actively traded in the traditional markets with billions of USD trading volume being carried out each day on such products.
Callable Bull / Bear Contracts (CBBC) will be the first structured product released by ACDX. CBBC is expected to find strong demand from retail traders as it will allow speculation in unprecedented ways. As the year progresses, ACDX will refine CBBC and add more structured products to the exchange.
Since launching, the most traded product on ACDX has been the Bitcoin perpetual contract. Bitcoin perpetuals are typically the most active product on cryptocurrency derivatives exchanges with these products being extremely popular among retail traders.
ACDX has already established a broad and active user base. Since beta launching, 234,501 users have registered for the ACDX exchange with 6.72% of these users making a deposit. Deposits to ACDX have totaled $95,124,004.
These users have also been extremely active in their trading on ACDX. Total USD trading since the ACDX launch has totaled $2,253,942,013. The record 24-hour trading volume carried out on the exchange was $88,757,643.
With the foundation of a broad and active user base in place, ACDX anticipates that it will quickly surpass the record 24-hour trading volume in 2021. As new and innovative trading products are launched, new users will also be enticed to join.
It is also worth considering the bullish sentiment behind cryptocurrency market movements recently. With bullish optimism pervading market participants, traders will be in search of new and innovative marketplaces to trade.
Overall, ACDX is satisfied with its performance in 2020. The executive team is excited for a new year of trading in 2021. ACDX is looking forward to providing a liquid marketplace for the entire year and is confident that it can capture more market share from competing derivatives exchanges.