Synthetix takes on CEXes head-on, more inside
Perpetual contracts (Perps) trading platform Synthetix has announced its plans to launch “Infinex” to resolve the issues associated with trading Perps on centralized exchanges.
Synthetix
Perpetual contracts (Perps) trading platform Synthetix has announced its plans to launch “Infinex” to resolve the issues associated with trading Perps on centralized exchanges.
The upcoming exchange, Infinex, will cater to both novice and experienced traders by offering features similar to centralized exchanges (CEX).
Will SNX price break through and embark on a meteoric rise, or will it face resistance? Let’s delve into the details
Infinex will enable trades on the Ethereum Layer 2 network Optimism, and it will operate in tandem with Synthetix.
FTX, the notorious bankrupt crypto exchange, had some good things going for it.
For Synthetix price, the consolidation period was marked by a strong accumulation of buying power at support prices.
The market, which was replaced by a new version, has been in close-only mode for months, but about $150,000 remains on the original platform.
Synthetix made an important announcement about extending its perps support for seven cryptocurrencies. However, SNX was the victim of some selling pressure in the last 24 hours.
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Kane Warwick, the founder of Synthetix, has announced twelve proposals to incentivize the next phase of the project.