{"id":24701,"date":"2022-09-21T11:27:51","date_gmt":"2022-09-21T05:57:51","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=24701"},"modified":"2022-09-21T11:27:51","modified_gmt":"2022-09-21T05:57:51","slug":"a-decentralized-hero-emerges-on-the-bitcoin-derivatives-horizon","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/a-decentralized-hero-emerges-on-the-bitcoin-derivatives-horizon\/","title":{"rendered":"A decentralized hero emerges on the Bitcoin derivatives horizon"},"content":{"rendered":"<p>Breaking into a space dominated by traditional centralized exchanges, Hxro, a Solana-based DeFi protocol, has created a new option for trading decentralized Bitcoin derivatives. Hxro\u2019s new beta decentralized platform will enable the trading of different types of BTC perpetual contracts using USDC as collateral.<\/p>\n<p>The beta version of the marketplace will only allow white-listed trading firms and individuals to trade BTC against USDC futures contracts. It will feature two weekly, two monthly, and four quarterly contracts.<\/p>\n<p>The project <a href=\"https:\/\/www.prnewswire.com\/news-releases\/defi-protocol-hxro-launches-usdc-collateralized-marketplace-on-solana-mainnet-as-demand-for-onchain-derivatives-surges-301628207.html\" target=\"_blank\" rel=\"noopener\">roadmap<\/a> reveals that Hxro intends to launch derivates linked to Ether (ETH), SOL, and other highly liquid cryptos next month.<\/p>\n<p>The crypto derivatives market makes up more than half of the crypto market\u2019s trading volume. That makes it a very hot segment for exchanges to pursue. The <a href=\"https:\/\/www.reuters.com\/technology\/crypto-derivatives-volumes-surge-312-trillion-july-cryptocompare-2022-08-11\/#:~:text=The%20derivatives%20market%20now%20makes,trillion%20in%20July%2C%20CryptoCompare%20said.&amp;text=Derivatives%20exchanges%20traded%20as%20much,daily%20high%20of%20%24223%20billion.\" target=\"_blank\" rel=\"noopener\">market share<\/a> of crypto derivatives in total crypto volume was 69% earlier this year, in July. As a result, the overall crypto trading volume on exchanges got a boost and managed to touch $4.51 trillion.<\/p>\n<p>Meanwhile, crypto derivatives trading on the centralized exchange scene rose to $3.12 trillion.<\/p>\n<p>DEXs are the new frontier of crypto trading for firms and individuals. So the launch of the new marketplace will help hardcore crypto traders choose decentralized options.<\/p>\n<p>Decentralized options like this will provide real-time and better levels of transparency and risk mitigation compared to centralized marketplaces, according to Hxro founder Dan Gunsberg.<\/p>\n<p>Hxro is backed by Jump Crypto and Alameda Research. To profit from the market even further, the company is looking to onboard other trading firms that deploy complex trading strategies with similar goals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breaking into a space dominated by traditional centralized exchanges, Hxro, a Solana-based DeFi protocol, has created a new option for trading decentralized Bitcoin derivatives. Hxro\u2019s new beta decentralized platform will enable the trading of different types of BTC perpetual contracts using USDC as collateral. The beta version of the marketplace will only allow white-listed trading [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":24703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536],"class_list":["post-24701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Deepan Datta\",\"description\":\"A keen observer of the crypto market and believes crypto\/blockchain will bring the next phase of the industrial revolution and build an inclusive society.\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/deepan\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ea29018d03e4615947c5df3ce7b4030b?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Article Default Disclaimer"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/24701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=24701"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/24701\/revisions"}],"predecessor-version":[{"id":24702,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/24701\/revisions\/24702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/24703"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=24701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=24701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=24701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}