TechFlow news, November 19 — According to CoinDesk, decentralized derivatives trading platform Crypto Valley Exchange (CVEX) announced it will officially launch on the Arbitrum Stylus mainnet on January 8, 2025. Lars Seier Christensen, founder of Saxo Bank, holds a partial equity stake in CVEX. Over 400,000 users have already registered for early access.
James Davies, CEO of CVEX, stated that the cryptocurrency derivatives market remains undersized compared to traditional markets. The platform will offer users low-cost on-chain futures and options trading services, with a market maker fee of just 0.002% and a trader fee of 0.003%, reducing costs by up to 16 times compared to existing centralized exchanges.
Previous report, CVEX raised $7 million in funding earlier this year, co-led by SALT and Fabric Ventures.
