RiveX (RVX) Empowering Decentralized Applications, BitMax.io Announced the Listing of RVX
BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of RiveX (RVX) on May 8th at 10:00 a.m. EDT.
RiveX has entered the digital asset space with interoperable and scalable Layer-2 solutions. They aim to capture users from every different ecosystem by integrating different dApps from different protocols built on Ethereum, Bitcoin, EOS, Tron etc. into RiveX Wallet, which serves as an all-in-one dApps powerhouse. RiveX has already integrated the world’s first decentralized cross-chain DEX (WRDEX) into RiveX Wallet.
“RiveX aims to change the current blockchain ecosystem by simplifying the interaction between users and the decentralized world, making interacting with the decentralized ecosystem so easy that anyone can do so without worrying about the complexity of the system,” notes Alex Ng, CEO of RiveX.
RX Wallet houses all the decentralized applications built on the RiveX ecosystem and also dApps from other protocol’s ecosystem. Therefore, it serves as a modernized super-app where users are able to use it across all decentralized applications within RX Wallet itself. Some of the dApps which will be integrated and accessible within RX Wallet are WRDEX, gamification dApps, and DeFi dApps from other protocols like Ethereum, EOS, Tron etc.
“As a product innovator, BitMax.io is enthusiastic about future adoption and application of RiveX’s interoperable and scalable Layer-2 solutions within the digital asset community,” notes Shane Molidor, Global Head of Business Development at BitMax.io.
Registered in Singapore, BitMax.io (BTMX.com) is a high-performance digital asset trading platform servicing retail and institutional clients across the globe with a broad range of financial products and services.
BitMax.io was formally launched in August 2018 with core vision to support industry innovation and advancement of digital asset trading ecosystem. Since then, it has established itself as a top institutional-grade trading platform with more than 190 trading pairs and over 40 margin trading pairs.
The platform attributes its growth to its relentless focus on product innovation. In February of 2019, the platform launched the margin trading product with unique cross-asset collateral mechanism. In June of 2019, an innovative volatility-linked derivative product, called Volatility Cards, was introduced to allow user to trade upon their anticipation of an asset’s price fluctuation velocity. In March of 2020, BitMax.io expanded its strategic offering to derivative trading with initial product of BTC-PERP, a perpetual futures contract. One of key differentiations is its rigorous design of liquidation engine supported by the flexible Backstop Liquidity Provider Program “BLP” to mitigate the risk of clawbacks and transfer the distressed positions to opt-in institutions in BLP. Right after that, in April, BitMax.io rolled out a distinctive staking service that allows users to receive staking returns without sacrificing liquidity, and thus, addresses the liquidity challenges associated with traditional staking mechanisms.