DMEX, the decentralized BitMEX alternative, is opening its API for public use. Now traders can connect to the exchange and execute trades using their own interfaces or trading bots, bringing DMEX closer and closer to fully replacing centralized derivatives exchanges.
Given the latest crackdown on centralized derivatives trading exchanges like BitMEX and OKEx, decentralized alternatives are becoming the go-to option for traders to bet on the price of crypto assets while still remaining anonymous and not having to go through KYC checks.
Besides anonymity, DMEX lets users retain full custody of their funds while trading, accepts ETH, BTC and DAI as margin currencies and offers perpetual contracts with up to 100x leverage. Funds are stored on a smart contract and are never in possession of the DMEX staff.
DMEX is a truly unique DEX due to its lightning-fast trade execution times, high liquidity, and razor-thin spreads. For new users and practicing traders, DMEX offers a DEMO version of itself, running on the testnet where users get 100 Test-ETH to practice trading and test the features of the exchange.
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