CVEX, a decentralized exchange (DEX) focused on crypto futures and options, is set to launch on January 8 after completing its testing phase. Backed by Saxo Bank founder Lars Seier Christensen, CVEX aims to carve out a spot in a market currently dominated by Deribit.
Already, over 400,000 users have signed up for early access, and the exchange has built a social media community of millions.
What Sets CVEX Apart?
While crypto derivatives trading has lagged behind traditional markets, CVEX CEO James Davies sees this as an opportunity. Unlike perpetual futures commonly used on other platforms, CVEX will offer futures and options trading with significantly lower fees — up to 16x less than centralized exchanges. Makers will pay just 0.002%, and takers 0.003%.
The platform will operate on Arbitrum Stylus, a fast, low-cost Ethereum Layer 2 solution, providing seamless on-chain options trading and eliminating the high fees seen on other exchanges.
Backed by Big Players
Earlier this year, CVEX raised $7 million in funding. Major contributors included SALT, Fabric Ventures, AMDAX, and Saxo Bank founder Seier Christensen, ensuring the exchange has the backing to challenge industry leaders.
Crypto traders eager to hedge risk or explore advanced derivatives now have a new player to watch come January.
