Crypto Valley Exchange (CVEX), a decentralized exchange focused on futures and options trading, is set to launch its mainnet on Arbitrum on January 8, 2024. Partly owned by Lars Seier Christensen, founder of Saxo Bank, CVEX has already attracted over 400,000 users for early access and has a significant social media following. CEO James Davies highlighted that although futures and options are significant in traditional markets, crypto derivatives remain underdeveloped. The exchange aims to fill this gap by providing lower trading fees, promising costs up to 16 times lower than centralized exchanges. Traders will benefit from reduced funding fees typically tied to perpetual futures on other platforms. This launch follows a successful $7 million fundraising round led by SALT and Fabric Ventures, showcasing growing investor interest in innovative trading solutions in the crypto space.

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