The all-in-one cryptocurrency platform StormGain has announced the introduction of a new decentralized trading platform that will go by the name StormGain DEX.
The DEX (decentralized exchange) has completed its beta testing phase and is now available to the general public after a period of many weeks of successful trials, according to a press release shared with Finbold on March 23.
StormGain DEX enables risk-free decentralized trading of digital assets and eliminates custodial risks offering more than 55 of the most important cryptocurrency instruments, including crypto options and tokenized commodities.
Users always maintain possession of their keys and, thus, their coins. The trading of cryptocurrencies is made easier by smart contracts, which enable orders to be carried out quickly and effectively.
Orders settled onchain
When a user links their own non-custodial wallet to the StormGain DEX, they are able to engage in direct trading on the platform, with all orders being settled onchain. In this way, StormGain DEX facilitates instantaneous trading with no need for deposits or user registration; all users need is a blockchain wallet.
An order is placed when a trade amount is sent in a blockchain transaction straight to the StormGain DEX smart contract. Several popular wallets, including MetaMask and Argent, among others, support the WalletConnect protocol, with more expected to be added in the near future.
With StormGain DEX, users can take advantage of the benefits of decentralized cryptocurrency trading used by millions of customers across the globe while still receiving high-quality security.
Ultimately, the StormGain DEX offers a non-custodial alternative to the firm’s centralized exchange and is a part of the expanding product range offered by the company.