The Extended exchange, previously known as X10, has launched its services on the Starknet mainnet, providing new opportunities for decentralized finance traders.
Features and Capabilities of the Platform
The Extended exchange offers traders access to over 50 markets, including cryptocurrency pairs and traditional financial assets such as euro-dollar, gold, S&P 500 index, and oil. The platform allows for up to 100x leverage.
Transition to Starknet
The transition to Starknet is taking place in three phases, beginning on August 12. For the first two weeks, both StarkEx and Starknet versions will operate concurrently, although new deposits on StarkEx have been closed. After that, the StarkEx version will switch to a reduce-only mode, allowing traders to close but not open positions, before shutting down entirely.
Communication and Trader Migration
Eli Ben-Sasson, co-founder of StarkWare, remarked that the switch to Starknet demonstrates how far decentralized finance has come. To entice traders, Extended has doubled its weekly points pool for Starknet users, offering up to 2.4 million points per week. The migration process is straightforward: traders must close all open orders, consolidate funds into a single sub-account, and complete the transition via the migration page.
The launch of Extended on Starknet opens new opportunities for traders, offering a wide range of markets and high leverage. The transition to the new platform, despite certain steps, promises to be beneficial for users.
