PowerTrade, a leading platform for cryptocurrency options trading, has announced the launch of PowerDEX on the Solana blockchain. This is a significant step in expanding access to altcoin trading.
What is PowerDEX on Solana
PowerDEX on Solana offers fully on-chain settlements and self-custody of funds, allowing users to maintain complete control of their assets.
Benefits of Using PowerDEX
Leveraging PowerTrade's liquidity infrastructure, PowerDEX supports over 80 unique altcoin options markets today, with plans to expand to 150 markets by mid-2025. Users can post collateral in USDC or SOL, while also utilizing professional tools such as Request-for-Quote and multi-leg strategy builders.
Prospects and Opportunities for Traders
Traders can use options for hedging positions, generating income, and developing complex trading strategies. With the launch of PowerDEX on Solana, access to over 150 options markets is expected by Q3 2025.
The launch of PowerDEX on Solana opens new opportunities for altcoin traders by providing access to a wide range of options and tools for efficient trading.
