This month, DPEX—a decentralized perpetual exchange with self-custody of user funds—made its debut via the official Polygon DeFi Twitter account. Since then, it has been garnering immense attention!
DPEX announced its launch on the Polygon blockchain network on 1 February 2023.
DPEX is a decentralized perpetual exchange that provides a secure and user-friendly experience for trading digital assets. With the self-custody of user funds, DPEX is poised to become a leading player in the DeFi (decentralized finance) space.
Users will keep their funds in their private hardware, or software-based cryptocurrency wallets and connect their wallets through dpex.io for decentralized leverage trading via well-secured smart contracts.
The sheer amount of stolen and scammed cryptocurrencies from centralized exchanges has skyrocketed, demonstrating the importance of self-custody for crypto-assets. In 2022, more than $1.6 billion was unaccounted for due to these unfortunate events. The countless benefits of self-custody far outweigh its costs, making it a must when dealing with digital assets and currencies. Don’t only consider this now, but plan for the future too!
DPEX, a decentralized perpetual exchange, has announced the launch of its platform on the Polygon blockchain. The exchange will allow users to have custody of their funds, providing a more secure and user-friendly experience than traditional exchanges. The launch of DPEX marks an important step forward for the cryptocurrency industry, as it provides a reliable and user-friendly option for trading digital assets. With the self-custody of user funds, DPEX is poised to become a leading player in the DeFi (decentralized finance) space.
3 Ways to Keep Custody Over Your Crypto-Assets and Trade with Leverage on DPEX:
Put your crypto assets in the palm of your hand with Metamask and Trust Wallet. These apps offer a reliable space to carefully store, maintain, and access your digital currencies without having to rely on third-party custodians. Compared to central exchanges, where one risks their private keys—along with any crypto investments connected to the account—here self-custody offers a secure way of protecting your assets. With this method comes peace of mind, ensuring that funds won’t suddenly vanish due to hacking or shady practices by exchange operators.
With DPEX’s Polygon blockchain technology, you can leverage smart contracts to remain in control of your digital assets and trade with confidence. The decentralized applications (dApps) that power the platform offer users greater trust, visibility, and safety for their monetary funds. To make sure security is always a priority on our platform, two well-known audit firms – CertiK and Zokyo – have audited all of our smart contracts before launch.
When you possess cryptocurrency, what lies in your possession is a private key that provides access to the coins. It is essential to maintain this key safe and secure at all times. The best way of doing so by far is hardware wallets as they obtain an extra layer of protection – a physical button for cryptographic signing when sending transactions. DPEX allows self-custody traders to benefit from unparalleled security measures.
DPEX is an innovative decentralized perpetual exchange that provides users with a secure and user-friendly experience for trading digital assets. No middleman or third-party service provider is needed – just your web3-supported cryptocurrency wallet. With the self-custody of user funds, it is well-positioned to become a leading player in the DeFi (decentralized finance) space.
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