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LevelTradingField unveils CADE (Crypto Assets Derivatives Exchange) with ERC20-driven instruments
LevelTradingField, a Chicago-based trading platform unveiled a crypto derivative exchange today, an Ethereum-based exchange is called CADE.
Well, before we proceed further, let’s just quickly glance at some intricacies of crypto-derivatives markets.
Cryptocurrency derivatives have been the center of attraction in the recent past. Cryptocurrency derivatives, including cryptocurrency futures, cryptocurrency CFDs, and cryptocurrency options) have been under the meticulous scanner of the renowned global regulators, such as, US SEC, CFTC and UK’s Financial Conduct Authority (FCA).
The Crypto Assets Derivatives Exchange(CADE), will only list branded digital assets created by the platform itself. CADE assets would be Ethereum-based ERC20 tokens programmed to perform like derivative instruments while tracking an underlying commodity or asset.
Traders can get a stake in the underlying coin without actually owning the coin.
Company website (LevelTradingField.com) enables its clients to generate a free account through online. Additionally, the mechanism caters to commercial hedgers, institutional traders, and proprietary traders, including traders who use LevelTradingField’s data streams to develop algorithms.
Chicago-based LevelTradingField offers institutional-grade trading, risk management, communication, research, and analysis tools to institutional and retail investors. The platform structures umpteen number of tools that enables traders to analyse various asset classes, including agricultural commodities, cryptocurrencies, energy assets, interest rates, foreign exchange rates, and more. Traders of all sizes can access these data feeds while trading futures and options.
CADE hasn’t exactly been a confidential venture: CADE has been in beta testing phase for the last four months. Now, on-board of beta, CADE unveils ERC20-based derivative tokens based on the following cryptocurrencies, such as, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and Monero (XMR).
All derivative tokens on the exchange will be priced in a stablecoin called LUSD, developed in-house by LevelTradingField. That stablecoin is pegged to the US Dollar.
A key cornerstone of an open financial system is the automation of derivatives. For those not steeped in finance, a derivative a financial instrument with a value that is reliant upon, or derived from, an underlying asset or group of assets — things like commodities, interest rates, or even stocks and bonds.
The market for derivatives is massive. For instance, in 2017, the notional number of outstanding derivatives contracts was approximately $542 trillion. Investors, market makers, and other financial players routinely enter into these contracts, in order to hedge risks or make a profit.
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -141 levels (which is bearish), hourly USD spot index was at 19 (bullish), while articulating (at 13:12 GMT).
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