The DeFinity platform is giving people access to the massive FX market on the go via its recently launched Clarity app.
With an average daily volume of $6.6 trillion, there’s always money to be made in the foreign exchange market making it a great option for those who want to diversify their portfolios.
Diversifying in the largest financial market in the world
The FX market is the largest financial market in the world. In fact, its average daily transaction volume of $6.6 trillion easily dwarfs the capitalization of the entire crypto market, which only reached around $2.5 trillion at its peak on May 12, 2021.
Investors who primarily trade in securities or cryptocurrencies can view the enormous foreign exchange market as an opportunity for diversification. Whether a particular fiat currency is trending upward or downward, there’s always money to be made in the FX market since people are always either buying or selling.
Despite the massive size of the market, however, issues such as untimely settlements and high costs continue to hound traditional FX platforms. That’s where DeFinity comes in.
DeFinity redefines how FX trading works
DeFinity is a decentralized DeFi exchange that aims to solve some of the issues found in centralized exchanges. For instance, the platform aims to reduce settlement risks by addressing inefficiencies at different levels of the financial market and do away with intermediation with the use of smart contracts.
With the technology-backed approach, the platform aims to enable real-time settlements and clearing for spot FX trading. The removal of intermediation also means that transaction costs on the platform are markedly lower.
Investors will also have access to greater liquidity in the platform with its offering staking, pooling, and other liquidity features. Retail investors can also access the FX market with its recently launched Clarity app while institutional can use the Clarity Pro application to gain access to comprehensive functions for FX spot trading.
DeFinity is a joint project between the foreign currency trading and liquidity platform DMALINK and WeOwn, a layer 1 and layer 2 technology company. For more information, click on the links below.
Telegram Official Community — https://t.me/DeFinity_Community
Telegram Announcements — https://t.me/DeFinity_ANN
Medium — https://medium.com/definity-network
LinkedIn — https://www.linkedin.com/company/definitynetwork
Twitter — https://twitter.com/definitynetwork