Came across this yesterday, they are basically building a zero fee bitcoin/ethereum/litecoin futures exchange. Interesting idea, I'm kind of sick of trading on bitmex with its downtime or server overload, could be one to watch. They say they will launch in Q4. We shall see if they can execute it.

https://blog.digitexfutures.com/digitex-futures/zero-commission-shaking-up-the-crypto-futures-exchange-market/

https://www.digitexfutures.com is the full site

If you trade USD:BTC but your gains and losses are paid in DGTX then your actually trading DGTX:BTC which as long as USDGTX is stable it isn't an issue. But if USDGTX starts to move around it could cause a problem.

Those were my thoughts too although from the whitepaper it suggests you can 'peg' DGTX against BTC and ETH.

'Traders can eliminate DGTX price risk by utilizing the exchange’s DGTX peg system. The DGTX peg system is simply a futures contract on the price of DGTX that allows anyone who owns DGTX tokens to lock in a sale price at the current market price, whilst keeping physical possession of their DGTX tokens to use as margin for doing trades on the Digitex futures markets. The price of DGTX can be pegged in this way against ETH and BTC. In the example above, the trader would buy DGTX tokens and then immediately use the DGTX peg system to lock in a sale price at the same price, guaranteeing that he can sell his DGTX tokens at the same price he bought them for whenever he wants. The downside to doing this is that if the price of DGTX rises he will lose money on his peg system trade because he has locked in a lower price.'

I suppose you're still exposed to ETH or BTC price movements in this system although most cryptocurrency futures providers have the exact same issue.

The Digitex Ceo was on a podcast recently, looks like he has traded futures in the past and is very keen on the potential of a zero fee market

https://jasonrigden.com/talking_cryptocurrency/016/

https://globalcoinreport.com/digitex-a-zero-fee-crypto-futures-exchange-to-launch-in-q4/

@bitcoinfutures What is your exact association with the sites you are posting?

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Big Mike 

@bitcoinfutures What is your exact association with the sites you are posting? Sent using the NexusFi mobile app

Well originally I was interested in the product, I'm now a holder of the token itself.