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QuickSwap decentralized exchange perpetuals

QuickSwap Launches Perpetuals, Gains $8M+ In Volume

The increasingly popular QuickSwap decentralized exchange has gained $8.8 million in total volume as of May 31, 2023 since it launched its perpetuals/margin trading features on Polygon zkEVM a couple of weeks ago. Over $10,000 in fees have been earned so far and its QLP pool is now worth over $4.6 million.

The new features come at a much-needed time when large centralized cryptocurrency exchanges (CEXs) have been falling and in some cases losing customers’ funds — a drawback of custodian exchanges. QuickSwap allows users to trade straight from their self-custody wallets, which is an attractive proposition because self-custody wallets are more secure — especially hardware wallets.

Decentralized exchanges have been on the rise in recent years due to their safety benefits and convenience of being able to trade from your own wallet. QuickSwap expanded on that by offering low trading fees and rapid transactions on Polygon, which means users don’t have to wait long for trades to be executed.

Now QuickSwap Perpetuals (QuickPerps) offers margin trading, which is both highly lucrative and risky. QuickPerps offers up to 50x leverage, which means that there is potential for enormous profits if everything goes according to plan. Always note that it isn’t possible to predict what a market will do or what asset prices will be in the future. All your trading activity is done at your own risk.

The future of multiple major centralized exchanges is still in question, and cryptocurrency holders, traders have been showing an increased interest in self custody trading solutions. This will likely fuel QuickSwap’s future growth because it is meeting a need and addressing the issues facing by exchanges from all angles.

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