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As Perpetual Futures Surpass $60 Trillion in Cumulative Trading Volume, Choise.ai Launches PerpeX, a New Decentralized Perpetual Exchange

As Perpetual Futures Surpass $60 Trillion in Cumulative Trading Volume, Choise.ai Launches PerpeX, a New Decentralized Perpetual Exchange

  • Recent research by Cornell University has revealed that the cumulative trading volume of perpetual futures contracts since 2020 has surpassed $60 trillion
  • Perpetuals have a number of advantages over spot market cryptocurrencies, including lower fees and faster execution
  • Choise.ai has announced the launch of PerpeX, a new decentralized exchange specifically designed for this perpetuals market

The perpetual futures market is one of the fastest growing segments of the cryptocurrency sector, with recent research from Cornell University revealing that the cumulative trading volume of perpetual contracts since 2020 clocked in at a truly staggering $60 trillion in February. 

To put that figure into perspective, the cumulative trading volume for the entire spot cryptocurrency market during the past year was approximately $12 trillion. 

To serve that fast-growing perpetuals market, Choise.ai has announced the launch of PerpeX, a new decentralized perpetual exchange that aims to set a new industry standard for perpetual futures trading.

Announcing the launch of PerpeX, Vlad Gorbunov, Founder of Choise.ai, said: 

“PerpeX is a decentralized tool that significantly strengthens our Web3 initiatives. In the future, this product will feature AI support to assist with setting risk profiles and leverages, while also managing trades. Additionally, we are advancing towards cross-chain solutions. 

Being developed by a dedicated team, our exchange will become a standard for one of the lowest gas fees in the market and will be integrated into the enterprise sector, aligning well with Choise.ai and marking a new direction for us. The CHO token will be deeply integrated into PerpeX, which will enhance its utility value.”

Aiming to Impress

The new PerpeX exchange is aiming to impress crypto traders with its advanced features, including:

Expansive Market Variety: Although Choise.ai is a leading crypto platform, PerpeX traders aren’t limited to cryptocurrency futures. They can also trade forex, metal and stock futures on this new perpetuals exchange, with leverage of 200x to 1000x, depending on the market. Traders will also have the option to create new synthetic futures markets using a price oracle. 

Virtual Automated Market Maker (vAMM): PerpeX leverages cutting-edge DeFi mathematics to replace the traditional order book with a virtual algorithmic…

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