- The TECH100 index tracks the performances of global top 100 non-financial companies
- ACDX is the world’s first exchange to offer the futures trading of TECH100 index with cryptocurrency
- Users can trade the TECH100 quarterly futures contract with up to 100X leverage
- Founded by former OKEx executive, Andy Cheung, ACDX is a crypto derivatives exchange that focuses on trading product innovation
Seychelles – ACDX, a global cryptocurrency derivatives exchange, announces the launch of TECH100 quarterly futures trading on its cryptocurrency trading platform. The TECH100 index tracks the performances of global top 100 non-financial companies and the quarterly futures market will go live on 20th November 2020.
Founded by the former OKEx executive, Andy Cheung, ACDX has already launched one of the world’s first crypto futures spread markets since its beta launch in September this year. The TECH100 index is another innovation that has not yet been introduced in the crypto space.
“Evolve or diminish, the financial revolution is happening right now. Being in the fastest-growing industry in the world, exchanges or companies like us should respond rapidly to the fast-changing market. After observing the stock market response to the promising coronavirus vaccine, we decided that now is the right time to launch a product to respond better to the industry needs.” says Andy Cheung, the founder and executive chairman of ACDX.
The TECH100 quarterly futures market opens from Sunday to Friday, 6pm to 4:15pm, Eastern Standard Time. Users can trade the contract with up to 100X leverage. BTC, ETH, USDT, PAX, TUSD, USDC, and BUSD are supported as collateral for the contract on the platform.
ACDX offers a next-generation cryptocurrency derivatives trading platform with cryptocurrency structured products that the industry has not yet seen. The exchange is focused on true innovation across a wide range of easy-to-use, fair, and transparent trading products that suit the needs of current and emerging cryptocurrency traders.