DueDEX is Paving the Way, Launching Fee-Free LINK/USDT Futures Trading


Bitcoin Press Release: DueDEX announces its industry-first zero-fee LINK/USDT Futures Trading, opening new paths to diversification and profitability.

30th September 2020, Belize City, Belize: With new exchanges cropping up, trading becoming ever-more popular, and the interest in Crypto and DeFi rising by the day, the trading market has been crying out for something special to hit for quite some time.

That moment comes now, as DueDEX releases news of its zero-fee LINK/USDT perpetual swap trading. This means that no trading fee or monthly membership fee will be charged for either takers or makers, and it’s unconditional and permanent. Coupled with no KYC (Know Your Customer) and hassle-free access, DueDEX becomes the first crypto futures exchange to offer free trading experience.

This news will come as a breath of fresh air in a market where fees on perpetual contracts sit well above 0.05%. Having the freedom to now make profit on break-even trades, and to generate that extra bit of profit when liquidating is fantastic news for traders. DueDEX now extends its reach into the market, having established itself as one of the most powerful algorithmic trading systems, which can be used by asset managers and everyday traders alike.

Catching the DeFi Wave with LINK

What’s more, is that DueDEX is leading the field, boasting the lowest fee rate in the market for this contract. The announcement comes perfectly placed in the wave of DeFi interest – with Chainlink (LINK) being one of the most prolific DeFi projects to emerge this year, having changed the game by providing an oracle for real world data to enter the blockchain. The market has already cottoned on to its immense potential – and with prices up over 500% in a year, traders could very well be poised to make record-breaking returns when trading LINK/USDT on DueDEX. 

Bo Wang, CEO of DueDEX had the following to say about the release of zero-fee LINK/USDT trading: 

“We are branching out into new things all the time at DueDEX, but this is the first time we can offer unconditional, permanent zero fees. With DeFi surging, we have been looking for opportunities to further diversify our offer, with a special attention to algorithmic traders and asset managers, who will find the perfect product in our new contract.”

He went on to say:

“There is little doubt this news will be welcomed by our traders, as it is a big step toward improving its trading profitability. For the same reason, we are eyeing the possibility of adding more zero-fees contracts in the near future.”

LINK/USDT joins the established and successful perpetual trading pairs BTC/USDT and ETH/USDT on the DueDEX exchange. With the community at the heart of the DueDEX mission, leverage will be set at a maximum of 50x to promote risk management and protect users from unexpected downturns. This is the first time DueDEX has offered unconditional, permanent zero fees.

A Year of Progress

2020 has been a fantastic year for DueDEX, and zero-fee LINK/USDT trading only adds to the progress made this year for the exchange and traders alike. February 2020 saw the release of the DueDEX Risk Manager, which gives users a statistical edge over risk, allowing them to place orders, or make adjustments on the fly, by setting up the risk level, Stop Loss, Take Profit, the percentage of equity and risk-reward ratio with “one-click” trading execution.

With so much happening this year on the DueDEX exchange and within the DeFi ecosystem, the question is obvious: 

When will you take advantage of zero fees for LINK/USDT contracts?

30 Second Sign-up: https://www.duedex.com/register

Check out the DueDEX API: https://github.com/DueDEX/API-Documentation 

Media Contact Details

Contact Name: DueDEX Support

Contact Email: [email protected]

DueDEX is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.


Related News

Huobi Futures Announces Launch of Cross-Margin Support for USDT-Margined Swap...

The leading crypto derivatives platform, Huobi Futures has recently announced a new app feature that allows USDT-Margined Swap traders to avail cross-margining support for their trade positions. The feature offers a great deal of flexibility by offsetting positions that are close to being liquidated with profitable ones to ensure a convenient and highly optimized trading […]

Great Time For LINK Rally, Hints Analyst As Price Rebounds 20%

The analyst who correctly predicted a major drop in the LINK price earlier this September had eased his bearish bias on the cryptocurrency. Per the pseudonymous entity, LINK/USDT is in the middle of confirming a bottom after plunging by almost 63 percent from its YTD/record top at $20. The said downside move brought the pair […]

USDT-settled futures contracts are gaining popularity, here’s why

Crypto exchanges offer USDT and BTC settled perpetual futures contracts but which is best suited for the average trader? When BitMEX launched its Bitcoin (BTC) perpetual futures market in 2016, it created a new paradigm for cryptocurrency traders. Although this was not the first platform to offer BTC-settled inverse swaps, BitMEX brought usability and liquidity to a broader audience of investors.BitMEX contracts did not involve fiat or stablecoins and even though the reference price was calculated in USD all profits and losses were paid in BTC.Fast forward to 2021, and the Tether (USDT)....

Free TON Bridge Makes DeFi Ecosystem More Affordable With Bridge Tokens

The Free TON Bridge powered by Broxus is a сross-chain asset transfer consisting of a link between ETH and Free TON. This Bridge allows users to move liquidity bi-directionally from the Ethereum blockchain to the Free TON blockchain, where it can be transacted with near-zero fees and at higher speeds. The Free TON Bridge, like […]

Deribit Removes Futures Trading Fees for year-End Promotion

Deribit, a bitcoin futures and options exchange platform, has removed all trading fees for the rest of 2016 as part of a promotion to drive more customers to the service. Deribit CMO Marius Jansen offered a simple explanation of the reasoning behind the company’s decision to remove trading fees for the remainder of 2016. “We want to introduce our platform to anyone interested in Bitcoin futures and options trading,” he said. “So we decided to offer free trading until the end of the year.” According to the exchange, traders stand to make more profit on the platform now that fees have been....