Decentralized Derivatives Exchange Derivio Launches Mainnet on zkSync Era
Derivio, a decentralized derivatives exchange, has launched its mainnet on the zkSync Era. The platform provides traders with a range of DeFi derivative products, including perpetual futures, digital options, and spot trades. One of its key features is its ability to offer quick transaction speeds and low costs.
The co-founder of Derivio, Michael Ho, stated that the platform aims to create trustless and efficient on-chain derivative infrastructure. Their goal is to promote innovation in self-custody, self-sovereignty, and economic liberty. Ho also revealed that Derivio plans to achieve $1 billion in daily trading volume within six months.
Binance-Incubated and Global Team
Derivio was founded in 2022 and has a globally distributed team. It is incorporated in Saint Vincent and the Grenadines. While the company has not disclosed its valuation or funding plans, it is part of the sixth cohort of the Binance Labs incubation program.
The Binance Labs incubation program provides resources and curriculum to web3 entrepreneurs and projects building in the Binance ecosystem. Being part of this program allows Derivio to access valuable support and guidance as it continues to grow and develop its decentralized derivatives exchange.
Hot Take: Derivio Aims to Revolutionize Decentralized Derivatives Trading
Derivio’s launch on the zkSync Era marks an important milestone in the world of decentralized derivatives trading. By offering quick transaction speeds and low costs, the platform aims to attract traders seeking efficient on-chain derivative infrastructure.
With its ambitious goal of reaching $1 billion in daily trading volume within six months, Derivio is positioning itself as a major player in the DeFi space. As part of the Binance Labs incubation program, the platform has access to valuable resources and support, which will undoubtedly contribute to its success.
As decentralized finance continues to gain momentum, platforms like Derivio are paving the way for innovative and secure trading options. By providing a range of DeFi derivative products, Derivio is empowering traders and projects to enhance token liquidity and offerings, ultimately driving further growth in the decentralized finance ecosystem.
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