A new year brings with it unlimited possibilities. We are excited about what we have in store for this upcoming year. Take a look what is on the horizon in Q1 2019.

Xena Exchange is launching Listed Perpetuals

Current cryptocurrency markets are mainly spot. In other words, most transactions involve converting one cryptocurrency to another. This is in contrast to the traditional financial markets in which derivatives account up to 3/4 of total turnover. Derivatives allow new capital to be brought into the markets, that, in turn leads to lower volatility and overall evolution of the market.

There are different types of derivative instruments, traded both on exchanges and over-the-counter. Xena Listed Perpetuals are cryptocurrency-settled derivatives that combine the advantages of different classical instruments:

Leverage: Perpetuals enable you to obtain full exposure to the underlying cryptocurrency or index for a fraction of the price of buying it outright. Perpetuals require only a small initial margin to enter into a trade.

Perpetuals enable you to obtain full exposure to the underlying cryptocurrency or index for a fraction of the price of buying it outright. Perpetuals require only a small initial margin to enter into a trade. The ability to go ‘ short’: Perpetuals allow traders to take advantage of falls in prices. This means that traders can profit when prices are going down, not just up. Perpetuals are an excellent trading and hedging tool in many situations.

‘ Perpetuals allow traders to take advantage of falls in prices. This means that traders can profit when prices are going down, not just up. Perpetuals are an excellent trading and hedging tool in many situations. Non-expiry: Perpetuals do not have an expiry. For contracts that do not expire, the only way to close a position is to trade the opposite side of that position.

Perpetuals do not have an expiry. For contracts that do not expire, the only way to close a position is to trade the opposite side of that position. The Perpetual mirrors the price of the underlying: Unlike other forms of Synthetic instruments (i.e. options and futures), cashflows such as carry costs or interest rates are not reflected in the price of a Perpetual. There are special mechanics built in Perpetuals that do not allow the price of a Perpetual stray far from the price of its underlying asset or index.

Unlike other forms of Synthetic instruments (i.e. options and futures), cashflows such as carry costs or interest rates are not reflected in the price of a Perpetual. There are special mechanics built in Perpetuals that do not allow the price of a Perpetual stray far from the price of its underlying asset or index. Multicurrency accounts: You can use an account denominated in a currency that is different from the settlement cryptocurrency of a Perpetual. For example, trade Ethereum to Bitcoin while keeping USDT on your account. All margins and profit or loss will be converted and settled in your account cryptocurrency automatically. Thus, you can earn on the price difference between any two cryptocurrencies without converting your capital to Bitcoin and exposing yourself to Bitcoin market risk.

You can use an account denominated in a currency that is different from the settlement cryptocurrency of a Perpetual. For example, trade Ethereum to Bitcoin while keeping USDT on your account. All margins and profit or loss will be converted and settled in your account cryptocurrency automatically. Thus, you can earn on the price difference between any two cryptocurrencies without converting your capital to Bitcoin and exposing yourself to Bitcoin market risk. Market independence and transparency: In contrast to CFDs, prices of Perpetuals are formed in a fully transparent manner in the Xena Exchange order book. Each trader’s order is combined in the order book with those from other market participants, including market makers, and becomes an integral part of the price discovery process. Anyone can place into the market a better bid or offer, as is the case in all exchange-based markets.

In contrast to CFDs, prices of Perpetuals are formed in a fully transparent manner in the Xena Exchange order book. Each trader’s order is combined in the order book with those from other market participants, including market makers, and becomes an integral part of the price discovery process. Anyone can place into the market a better bid or offer, as is the case in all exchange-based markets. Price range, risk limits (also known as Upper and Lower Limit) and unnecessary liquidation protection: High volatility of the current cryptocurrency market may cause so called spikes — sudden price changes that lead to liquidation of positions. We engage risk limits and an intellectual liquidation algorithm that starts liquidation only after a price movement is confirmed.

We are starting with Listed Perpetuals based on popular trading pairs like Bitcoin to USD and will shortly expand our offering to new product classes like volatility complexity of mining indices. We hope that such synthetic instruments will bring the entire cryptomarket to a new level, as they may be used by miners to hedge their risks. A miner anticipating the rise of mining difficulty (and hence, fall of mining profits) could buy the Xena Listed Perpetuals and sell it if the difficulty actually grows. The profit gained in this trade will cover the fall of the profit from mining.

Risk Disclaimer: Leverage is a very powerful tool because it can amplify your gains, but it’s also dangerous because it can amplify your losses as well, and even wipe out your account if you aren’t careful.

Desktop terminal (Xena Pro)

Xena is on the verge of releasing a desktop trading terminal (Xena Pro) for traders. Xena Pro is perfect for those to whom the features of the web terminal are not sufficient.

Xena Pro features:

API for writing strategies and technical studies on C# and a plugin for Visual Studio. Xena Pro API hides the low-level specifics of the Xena Trading API and allows you to focus on your trading ideas;

Built-in strategy tester that allows you backtest your strategies on historical data;

Synthetic instruments calculation and trading. An example of a synthetic instruments is buying Ethereum for USDT and selling it for Bitcoin. Due to market inefficiency the resulting price may be better than buying Bitcoin for USDT directly. Xena Pro allows you to observe such inefficiency and execute trades in one click.

More blockchain integrations and fiat gateway

Xena Exchange currently supports BTC, ETH, BAB, BSV, ETC, LTC and USDT. We’re working on expanding the list of supported blockchains to EOS, Ripple, Dash and many more.

As of now, we offer only crypto-to-crypto trading and do not offer fiat/cryptocurrency pairings. However, we are in the process of integrating with a reliable payment provider to allow users to deposit and withdraw fiat currencies, such as Euros, and to trade them against cryptocurrencies.

HFT trading and colocation

Our Trading and Market Data APIs support real-time streaming through web sockets. The Trading API and Xena Exchange Trading Core are extremely fast, with 95% percentile for order placement roundtrip being under 12 milliseconds.

Additionally, we offer colocation in our Tier 4 datacenter in Luxemburg.

Prime brokerage

An order routing platform is currently under development, which will allow traders to send their orders to major cryptocurrency exchanges without having to open accounts and keep funds on them. Prime brokerage allows you to get the best execution price existing on the market without deploying additional capital and incurring transaction costs from the transfer of money from one exchange to another.

Today traders are seeking new ways to accelerate their profitability and our new features provide ample opportunity to enhance the returns of trading strategies. All of these updates are expected to take effect in the first quarter of this year and help us reach our goal of providing professional financial market investors with the best assets to trade and invest in digital assets. 2019 looks to be an exciting year, so join us!

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