eXFi is a decentralized exchange offering up to 100x leverage with deep liquidity and low gas fees through a Layer 2 solution. The platform combines the user experience of centralized exchanges with the security and privacy of self-custody, enabling users to trade without KYC.
Funding
Funding not disclosed
Founders
Product
Problem
Many cryptocurrency traders are drawn to centralized exchanges for their user-friendly interfaces, but these platforms often require KYC procedures and expose users to counterparty risks. Decentralized exchanges offer self-custody and greater privacy, but can suffer from fragmented liquidity and a less intuitive trading experience.
Solution
Margex is a cryptocurrency derivatives trading platform that combines the user experience of a centralized exchange with the security and privacy benefits of decentralized finance (DeFi). By utilizing a Layer 2 solution, Margex provides access to deep liquidity and enables trading with up to 100x leverage while maintaining low gas fees. The platform supports trading of over 55 assets, including Bitcoin, Ethereum, and USDT, and offers a range of tools suitable for both beginner and experienced traders. Users can also engage in copy trading, allowing them to automatically replicate the strategies of successful traders on the platform.
Target Audience
Margex is designed for both beginner and experienced cryptocurrency traders seeking a platform that offers high leverage, deep liquidity, and a user-friendly interface, while prioritizing security and privacy through self-custody.
Features
- Up to 100x leverage on cryptocurrency derivatives trading
- Access to deep liquidity aggregated from 12+ providers
- Low gas fees through a Layer 2 scaling solution
- User-friendly trading terminal interface suitable for beginners
- Mobile applications for iOS and Android
- Copy trading functionality with a dedicated app for followers
- Ability to buy cryptocurrency using a bank card
- Price alerts to stay updated on market volatility
- Robust security infrastructure with multi-signature cold storage and continuous monitoring
- 24/7 live-chat support in multiple languages