Kwenta cryptocurrency exchange is an Optimism-based decentralized derivatives exchange that provides access to Synthetix-powered synthetic assets. By using the capabilities of the Synthetix protocol, Kwenta gives traders the ability to access derivatives on-chain while gaining leverage.
Without the constraints or limitations of a centralized exchange, traders have the ability to long or short popular synthetic cryptocurrencies, commodities, foreign currency, and equity markets. Overall, the Kwenta crypto exchange provides its customers with reduced gas prices and quick transactions.
Markets
Kwenta spot trading, margin trading, leveraging trading, and futures trading are all available on the platform. There are 11 spot markets available, whereas there are 18 futures markets. The highest Kwenta trade volume is for BTC/PERP pair which makes it among the most popular Kwenta trading pairs.
Kwenta's futures trading is the platform's most prominent offering. Without actually holding the underlying commodity, traders can gain exposure to a market by using decentralized futures on Kwenta. Kwenta offers sUSD-margined Futures. Contracts with sUSD margins are linear Futures that are quoted and settled in sUSD. The simplicity of calculating profits for traders using sUSD settlement is one of its main advantages.
Furthermore, in order to facilitate the trading of synthetic assets, Kwenta utilizes the Synthetix Protocol. Synthetix levies Kwenta exchange fees.
Talking about fees, in addition to the exchange fees, there are also dynamic Kwenta crypto fees that are activated if there is considerable market volatility. Their purpose is to eliminate front-running possibilities while also protecting stakers.
Besides, note that the exchange has its own native KWENTA token. The token is mainly used for governance and staking. By staking, KWENTA holders are able to receive rewards. Concerning governance, KWENTA allows holders to vote on various decisions. You can check the current Kwenta price right here.
Other Services
Apart from trading on the platform, as mentioned before, users are also able to stake their Kwenta tokens in return for rewards. Staked Kwenta gives voting power inside the system, allowing stakers to vote in Elite Council elections and CKIPs.
Besides, Kwenta tokens that are staked or traded bring inflationary benefits. The staking takes place on the Optimism L2 network.
About the Company
Kwenta is a blockchain-based cryptocurrency exchange that employs smart contracts to automate and simplify transaction processing.
The Kwenta cryptocurrency team is comprised of industry experts that have a wealth of expertise in the fields of marketing, technology, and finance. The sum of their individual and collective experiences, skills, and expertise propels the platform ahead and positions it as a formidable competitor in the market for crypto trading platforms.
Enhancing the user experience of the transaction process is one of the primary areas that Kwenta is concentrating its efforts on. Even for individuals who are just starting out in the world of cryptocurrencies, the platform offers a user-friendly procedure.
