ACDX launches leveraged trading option for Chia Tokens (XCH)
ACDX, a crypto derivatives exchange offering structured products for sophisticated traders, is launching the first leveraged BBS trading option for Chia Tokens (XCH).
This is the first crypto exchange to kick off such a leveraged listing, empowering users to trade an XCH Bull Bear Strike Token (XCH BBS) with multiple times leverage.
Chia is the first enterprise-grade digital money, using the first Nakamoto consensus algorithm since Bitcoin. Chia Network is building a better blockchain and smart transaction platform: more decentralised, efficient and secure. Founded by Bram Cohen, inventor of BitTorrent, Chia's being built to improve global financial and payments systems.
"We are always looking for innovative, secure, and efficient projects to list on ACDX. Chia Network is exactly what we are seeking," says Andy Cheung, founder and executive chairman of ACDX. "We have been closely monitoring the decentralised financial space. Many financial and payments projects are flourishing in 2021, with even greater potential to continue in 2022. We are responding to our community's needs in exploring this field."
Given the mass adoption of blockchain this year, ACDX is reaffirming its commitment to the global decentralised financial economy. As Chia is adopting more modern cryptographic tools to enable richer smart transaction capabilities, ACDX believes this listing can help deliver on the vision to bridge the gap between the decentralised and centralised blockchain economy.
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