LEVERJ, the self-described “world’s first scalable decentralized derivatives exchange,” has announced the launch of a swap futures product put into place by Brave New Coin, a “digital asset data infrastructure company,” according to a press release from the company.
Users on the platform can initially trade ETH-USD and BTC-USD swap futures, which offer up to 100x leverage, the release notes.
It continues, stating:
“LEVERJ is powered by Gluon.network, a purpose-built sidechain created for scaling Ethereum. Its native token, also announced today, is the $L2 governance token. The $L2 governance token is a key piece in helping Gluon become fully decentralized and community-owned over the next few months.”
LEVERJ is run by J.P. Morgan and Goldman Sachs veterans, and have built the platform to “perform like traditional financial exchanges while maintaining the critical function of security,” the release also notes.
Speaking on the matter is Fran Strajnar, the CEO of Brave New Coin, who has partnered with the group before. Strajnar states:
“Decentralized exchanges have until now lacked the sophistication, speed and security to draw big-time investors — that all changes with LEVERJ and Gluon. We’re pleased to collaborate with LEVERJ to provide perpetual swaps and other products which will help demonstrate Gluon’s groundbreaking technology for traders.”
Remember, all trading carries risk. Past performance is no guarantee of future results.