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Robinhood has been one of the leaders in stock trading exchanges, while Binance has ruled crypto market trading. However, they have not been able to address the major problems traders face, such as high fees, withdrawals, speed, etc. This has given emerging players a chance to come up with solutions to all these problems. DTX Exchange (DTX), the pioneer in the hybrid exchange niche, is working on these issues.
DTX Exchange, with its VulcanX technology, is working towards providing traders with an efficient platform. We will explore the ongoing developments in the crypto space and how DTX Exchange can be the biggest exchange in the world.
Binance Relaunches Binance Connect While Price Struggles At $600 Level
On Friday, Binance announced the relaunch of Binance Connect, its expanded fiat-to-crypto service previously known as Bifinity. Originally introduced as a standalone platform in 2022, Bifinity has been rebranded and fully integrated into the Binance ecosystem. This update lets users make fiat-to-crypto transactions directly through their Binance accounts or Trust Wallet.
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Binance Connect aims to simplify the transition between traditional fiat and digital currencies, especially for new users. Over time, it has grown to support a wide range of fiat currencies and cryptocurrencies, making it an essential part of Binanceās ecosystem.
However, despite these developments, Binanceās price has struggled to break above the $600 supply zone. From the start of October, Binance has faced bearish pressure, falling from the high of $618 to the low of $543, dropping 13%. A positive point in Binanceās price action is that the key MAs are working as constant support, showcasing the demand pick-up from the averages.
DTX Exchange (DTX) Ready To Take Over The Market With Multi-Asset Trading
While Robinhood mainly focuses on stock trading, Binance is known for its operations in the cryptocurrency market; DTX Exchange (DTX) is changing this approach by providing over 120,000 trading instruments in a single platform. DTX Exchange also provides RWA investments, which users can invest in digital tokenizations like real estate, arts, or other valuable tokens. DTX Exchange (DTX) has become the one-stop solution for traders and investors who want diversified options.
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DTXās layer-1 blockchains integrate a hybrid nature, providing features of centralized and decentralized exchanges. It has designed its own blockchain, which increases the speed and lowers the fees for the orders placed.Ā
Another major achievement of DTX is its successful testnet, which resulted in 10,000 transactions per second. Ethereum blockchain aims for the same speed but hasnāt achieved the feat, while DTX has already tested it successfully.Ā
With multi-asset trading and a leader in speed among exchanges, analysts expect DTX Exchange (DTX) to be one of the top exchanges in the world. The ongoing presale in the fourth stage, with a $0.08 token price, provides a golden opportunity for 100X gains as the DTX Exchange (DTX)Ā scales rapidly. Already, more than 60% of tokens in the fourth stage are sold, and it might close this stage in the starting week of November.
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