Based on BitcoinWorld, Synthetix (SNX) has announced the launch of its decentralized perpetual futures exchange on the Ethereum mainnet in the fourth quarter of this year. The platform will allow traders to speculate on asset prices without expiration dates, leveraging blockchain technology for transparency and accessibility. To promote adoption, Synthetix is hosting a $1 million trading competition. The move aims to expand the utility of the SNX token, attract new users, and strengthen its position in the DeFi derivatives market.
Synthetix to Launch Decentralized Perpetual Futures Exchange on Ethereum in Q4
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