We’re thrilled to announce a terrific news to our clients and prospects: Monfex adds seven new cryptocurrencies to the list of instruments available for trading!
Now traders can enjoy trading perpetual futures contracts on 12 cryptocurrency pairs, and benefit from tight spreads, up to 50x leverage and fast order execution.
In particular, you can trade the following 12 instruments: BTC/USD, BCH/USD, ETH/USD, LTC/USD, EOS/USD, DSH/USD, ETC/USD, NEO/USD, OMG/USD, XMR/USD, XRP/USD, and ZEC/USD.
These are the most popular cryptocurrency pairs in the world. As a result, they generate the highest trading volume and possess the highest liquidity in the entire asset-class.
From the perspective of a short-term trader, the most actively traded cryptos are the top instruments to trade! The major advantages of these cryptos are high volatility and strong price trends, which creates opportunities for making profitable trades on a daily basis.
To find out the specific details of these contracts, such as leverage, minimum trade size, funding rates, etc., check out the ‘Instruments’ page at Monfex.com.
Meanwhile, if you’re interested in learning the background of each of the seven newly added cryptocurrencies, please continue reading this article.
1. ZCASH
Zcash is a cryptocurrency built for privacy, meaning that transactions are expected to be hidden from outside actors, unless the transacting parties want to disclose the transactions.
Zcash was built with the help of researchers at MIT and John Hopkins, and allows payment disclosure to only happen with the consent of the participating parties. Privacy is the key trait of Zcash.
2. MONERO
Monero is a private, encrypted cryptocurrency that shields transaction activity from outside parties. Typical cryptocurrencies expose the entire blockchain and transactions to anyone, but Monero keeps that information hidden.
Every Monero transaction is private and visible only to the transacting parties. It also contains all the typical features of a cryptocurrency, from attack-resistance to fraud protection.
3. OMISEGO
OmiseGO is a decentralized exchange, a liquidity provider mechanism, a clearinghouse messaging network, and an asset-backed blockchain gateway.
OmiseGO is not owned by any single party. Instead, it is an open distributed network of validators which enforce behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants.
4. NEO
NEO is a non-profit community-driven blockchain project. It utilizes blockchain technology and digital identity to digitize assets and automate the management of digital assets using smart contracts.
Using a distributed network, it aims to create a "Smart Economy". This gives individuals participating in the NEO network a digital identity, eliminating the need to maintain multiple accounts and setups.
5. ETHEREUM CLASSIC
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. It was formed after a DAO attack.
6. EOS
EOS is a blockchain architecture meant for scaling decentralized applications, with the help of a virtual machine. It allows for scaling up to millions of transactions per second without fees, which significantly speeds processing times.
Built by Block.one, a Cayman Islands registered company, EOS seeks to provide an easily scalable and deployable platform for decentralized app development.
7. DASH
Dash is a next generation p2p network, incorporating master nodes as a way to incentivize network participation beyond mining.
Masternodes are a new layer of servers, organized into clusters known as quorums, that allow for instant transactions, privacy, and decentralized governance while invalidating other common blockchain attacks.
