SINGAPORE, SINGAPORE / ACCESSWIRE / November 9, 2021 / Founded by six former Binance executives and three former Morgan Stanley developers, Fairdesk came into existence this September. The platform is also the rising crypto derivatives exchange that recently added 30 new trading assets. This has helped it surpass most derivative exchanges listed on CoinMarketCap.
According to its co-founder and CEO Jacky Choi:
"All thanks go to the tech team. Our trading infra can consistently handle 450K trades in one second and we haven't noticed any latency fluctuations".
Since the launch of Fairdeks, it has seen thousands of new clients coming to the platform each day. According to him, "one of the most common queries among enquirers was when we are listing more assets."
The trading infra of Fairdesk can consistently handle 450K trades in one second, which is
As a team inherited the Binance gene, Faridesk has also added support for BUSD and USDC, thanking for the increasing vitality of the BSC ecosystem.
Lowest Trading Fee
Lots of investors found that it is easier to make a profit in Fairdesk, while much harder elsewhere. Some clients know Fairdesk charges the lowest trading commission in the market. However, it is not the whole picture.
Jacky Choi explains:
"It is the implicit cost, which consists of spread and price slippage.
Spread refers to the difference between highest bid and lowest ask price and slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. We have been working closely with professional market makers to improve the trading liquidity from day 1. "
Assuming BTC is priced at 60K and ignoring implicit cost, for one $10k market order, trading fee at Fairdesk is only. The number would be over $7.5 at Bybit and over $4 at Binance assuming zero slippage. For those who trade $50000 market order a day, trading at Fairdesk would have saved over $330 per month compared with Binance, over $800 compared with Bybit and much more if compared with other exchanges.
Fairdesk provides perpetual trading service to its clients as a utility service like running water and electricity, so it tends to leave the profit to our clients. The long term goal of this exchange is to provide comprehensive trading services more cost effective, easier and fairer for more people.
To sum it all, Fairdesk is a fast-growing crypto derivative exchange providing a market of various digital assets, robusing trading infra and low trading costs.
Media Contact Details
Website: https://www.fairdesk.com/
Twitter: https://twitter.com/FairdeskGlobal
Telegram: https://t.me/fairdesk_official
Phone Number: +852 46381322
Email: bd@fairdesk.com
SOURCE: Fairdesk
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https://www.accesswire.com/671916/Fairdesk-Exchange-Provide-Digital-Asset-Trading-Service-as-Utility
