Up until this point, crypto trading has been very two dimensional. When entering a position, choices are typically limited to buying or selling. Some exchanges might include the capability of short selling but these are few and far between and the process of setting up a margin-enabled account in the budding industry can be complex.

With the value of all coins so closely correlated, diversification, a strategy valuable to the equities investor is difficult in cryptocurrency. Hedging, aka risk mitigation, another strategy required for successful trading is also absent in the cryptocurrency sector…for now at least.

Amulet, a multi-national startup who’s team includes former members of BitMex, Kraken, Carvitex, and the North American Derivatives Exchange, has set out to create the first user-friendly cryptocurrency derivative exchange, adding an entire new dimension to cryptocurrency trading. An exhaustive list of derivative offerings has yet to be released but appears to include futures, options, and more. Using these new derivative choices, traders will have much more control over their risk, allowing for stability and profitability in volatile markets.

Amulet plans to go beyond the scope of typical exchanges by offering a comprehensive learning platform to educate cryptocurrency traders on trading derivatives. The organization also plans to give members exclusive access to ICO pools, allowing them to participate in new crypto projects earlier and at a lower cost than other investors.

Additionally, Amulet Token (AMT) token holders can stake the coin to take part in the exchange’s revenue share program. Amulet shares 25% of all exchange revenues with these token holders.

According to the Amulet Whitepaper,

Amulet is a derivatives trading platform that focuses on delivering an unrivaled customer experience and risk management. Amulet grants access to simplified, market neutral instruments with built-in pre-trade risk management. Offering various invaluable tools and resources such as trading strategy tutorials, paper trading, one-click trading, marginless short selling, and a minimalistic yet engaging design that is optimized to be user-friendly.

The companies roadmap shows the beta is slated to go live in Q4 of this year.

More information can be found on the company’s reddit and telegram.