Onederx. Who are we and what do we offer to the crypto world Onederx Follow Feb 4, 2019 · 4 min read

Onederx is the world’s fastest crypto futures exchange for professional traders. The exchange provides a fully functional platform to trade Bitcoin futures while enjoying the lowest <5ms latencies on the market, small fees, and up to 100x leverages.

The main trading instrument is cryptocurrency futures contracts, and they are far more convenient for traders than ordinary spot contracts. Derivatives trading is as simple as BTC/USD spot trading, and the index price correlates 100% with the BTC/USD spot market price. We went even further and introduced negative fees for takers, so we pay a 0,01% commission to the taker.

Onederx combines the best technologies and financial solutions that are used across the top classic and crypto exchanges to create a superior product. You can sign up and start trading on our exchange right now.

What we offer

The question we are asked most often is why we have decided to build our exchange from scratch, and how it’s better than others.

1. BTCUSD Perpetual Contracts

BTCUSD Perpetual is the most-traded crypto instrument in 2019

Each contract is worth $1

All deposits, withdrawals, and payments in BTC

A detailed overview can be found here: trade.onederx.com/info

2. Low latency

Low latencies are crucial for the market-makers, primary liquidity providers. The vast majority of existing crypto-trading platforms are technologically primitive. Usually, it takes them 100–1000ms to execute an order. Compare that with 1–5 ms execution time at the classic exchanges.

Unpredictable and highly dispersed latency means an additional risk of loss, including lost profit. We have extensive experience in creating fast and secure high-loaded systems, and high-frequency trading, so we aim to provide ≤ 5ms end-user latency for 99% of requests.

3. Low fees. Paying rebates to takers

Commissions rate is one of the most critical factors for traders, and Onederx provides extremely low fees. Moreover, we are the only derivatives exchange that offers negative fees for takers, not makers. Make deals and get paid!

Taker fee = -0.01% Maker fee = 0.06%

Here is the logic: most makers are robots that earn profit from spread trading. Thus, it is logical that they should pay the fee.

Our motto is “rebates are for people, not for robots!”

4. Short positions

Earn on the falling market without interest charges. BTCUSD Perpetuals are perfect contracts for short trading.

5. Leverages up to 20x

Margin trading allows users to trade actively and earn more. Having a $1 balance, a trader can open positions of up to $20. Our brilliant risk management system allows that without causing any nasty liquidation accidents.

6. Hedge your risks

If your business is not bitcoin speculation, you probably hate exchange rate fluctuations. Onederx’s perpetual contract provides the best way to hedge your positions, effectively eliminating the risks that come with holding a large amount of cryptocurrency.

7. Security

The security of our clients’ assets is our top priority. For this reason, we use the most advanced safety mechanisms, including cold storage and multi-signature wallets to protect your funds.

8. Add-ons

If you’d like to get even more from Onederx , should it be integration with a third-party service or maximum speeds — we can arrange it.

To get the lowest available latency, drop us an email (george@onederx.com), and we’ll provide you with co-location or direct access bypassing our anti-DDoS provider.

We also offer a convenient API that allows to send and delete orders using REST and WebSockets. An in-depth overview of the API is available here https://docs.onederx.com/

Who are we and where do we come from?

Onederx is a subsidiary project of a global proprietary high-frequency trading (HFT) firm. Currently, we provide liquidity at nine major classic exchanges in Europe, Asia, and the Americas, and this number is growing. Our expertise includes futures trading and option pricing. Our HFT firm’s daily turnover reaches $200 million.

Currently, we have an international team of 15 people working on the project in research, development, and marketing.

Onederx is registered in Tallinn, Estonia, and licensed in the EU. The approval documents issued by the Estonian Financial Intelligence Unit in this regard are available here: FRK000056, FVR000075.

Learn more about Onederx

We will be glad to receive your questions, suggestions, and feedback. Please don’t hesitate to contact us via email (george@onederx.com) or our official Telegram channel.

If you wish to test the exchange, but you are not familiar with crypto futures trading, please refer to a user-friendly manual.