Crypto Valley Exchange to Go Live in January With Cheap On-Chain Futures and Options Trading
Summary
Crypto Valley Exchange (CVEX) will launch on January 8, focusing on trading crypto futures and options. The exchange, partly owned by Lars Seier Christensen, aims to compete with the centralized exchange Deribit, which has over 400,000 early access users. CEO James Davies highlighted the potential for growth in the crypto derivatives market, noting that traditional markets see significant trading in futures and options. CVEX will operate on Arbitrum Stylus, allowing users to avoid high funding fees associated with perpetual futures. The exchange promises trading fees up to 16 times lower than centralized competitors. CVEX recently raised $7 million, co-led by SALT and Fabric Ventures.
