Crypto.com Derivatives Exchange Adds DAI as Collateral

Crypto.com announced on June 24 that its Crypto.com Derivatives Exchange has introduced DAI to its list of supported collaterals.

Currently, users can deposit DAI, USDT, and USDC into their Derivatives Wallet to use as collateral against their Perpetuals and Futures positions.

In addition, the Multi-Collateral feature brings much more convenience to automatic and manual conversion between DAI, USDT, and USDC to provide flexibility for the exchange's users when managing their collateral balance and margin. Moreover, this new feature supports Cross Margin, where collateral is shared across all open positions in the user’s Derivatives Wallet. They can also enjoy discounted trading fees based on the amount of CRO they stake in the Exchange.

According to Crypto.com, powered by CRO, the Crypto.com Derivatives Exchange features the fastest matching engine in the industry, supporting 2.7m transactions per second, ultra-low core latency of 50 microseconds, and 5ms end-to-end for consumers. Traders can trade BTCUSD, ETHUSD, DOTUSD, ADAUSD perpetual contracts and many others with leverage of up to 100x and freely long and short their open positions with no expiry.