DeFinity offers real-time settlements of spot FX trading, lower transaction costs, and access to liquidity

For those who want to diversify their investment strategy, the FX market, the largest financial market in the world, offers enormous earnings potential.

DeFinity’s decentralized DeFi Exchange is now giving people access to the FX market while eliminating some of the issues found in centralized exchanges.

DeFinity redefines how FX trading works

DeFinity, a decentralized DeFi exchange for FX, is a joint project between DMALINK, a foreign currency trading and liquidity platform, and WeOwn, a layer 1 and layer 2 technology company specializing in blockchain and financial assets services.

The exchange aims to eliminate issues found on traditional centralized FX trading platforms such as high transaction costs and untimely settlements. DeFinity does this by doing away with intermediation and using smart contracts to execute transactions.

With its blockchain-based system, settlements for spot FX trading are done in real-time. Transaction costs on the platform are lower due to the lack of intermediation. DeFinity has staking, pooling, and other liquidity features allowing investors access to greater liquidity.

For institutional clients, the platform’s Clarity Pro application offers a suite of functionalities needed for FX spot trading. Meanwhile, retail traders can use its mobile Clarity app to make trades from anywhere.

Earning opportunities in the largest financial market in the world

The recent price fluctuations of Bitcoin, which saw the crypto plunge from above $64,000 to around $30,000, show just how volatile the digital currency market is. For investors who want to diversify their investment strategy, the FX market is one of the best options as it allows them to make potential earnings even during price pullback in the crypto and securities markets.

There’s always money to be earned in the FX market even during bearish or bullish markets. There will also be economic activities between buyers and sellers from different regions that require foreign currencies, which means that FX trading will still continue regardless of the current market trend.

The global FX average daily transaction volume is currently at around $6.6 trillion but it is still expected to grow. Historically, it has been steadily growing since 2001, which the exception of a short-lived decline in 2016.

Telegram Official Community — https://t.me/DeFinity_Community
Telegram Announcements — https://t.me/DeFinity_ANN
Medium — https://medium.com/definity-network
LinkedIn — https://www.linkedin.com/company/definitynetwork
Twitter — https://twitter.com/definitynetwork

Source: https://bitcoinerx.com/blockchain/definity-offers-real-time-settlements-of-spot-fx-trading-lower-transaction-costs-and-access-to-liquidity/