Crypto.com Coin
$0.11851 -5.72%
CRO · 5w

Crypto.com Derivatives Exchange Introduces DAI as Collateral

​ [ ](https://i.redd.it/e200eungt5771.gif) We are pleased to announce that the Crypto.com Derivatives Exchange has added DAI to its list of supported collaterals. Users can now deposit DAI, USDT, and USDC into their Derivatives Wallet to use as collateral against their Perpetuals and Futures positions. The Multi-Collateral feature also facilitates automatic and manual conversion between DAI, USDT, and USDC to provide flexibility for our users when managing their collateral balance and margin. This new feature also 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. We’ve been hard at work developing a completely new system architecture, with the fastest matching engine in the industry. The Derivatives Exchange supports 2.7m transactions per second, ultra-low core latency of 50 microseconds, and 5ms end-to-end for consumer use. **Key Highlights:** * Deposit DAI, USDT, and USDC as collateral * Convert between DAI, USDT, and USDC * Cross Margin support **Follow these simple steps to get started:** 1. Create a Derivatives Wallet 2. Transfer **DAI/USDC/USDT** from your Spot Wallet to your Derivatives Wallet 3. Start trading! [Go To Crypto.com Exchange](https://bit.ly/35EqOhE) **How do Derivatives Work?** A derivative is a contract between two parties that is based on the value of an underlying asset. Common types of **How do derivatives work?** A derivative is a contract between two parties that is based on the value/price of an underlying asset. Common types of derivatives include futures, options, forwards, and perpetual contracts. Perpetual contracts enable traders to buy or sell the value of their ‘assets’, whereby the underlying asset itself is never traded—allowing them to better manage risk. Unlike futures and options, perpetual swaps do not expire or have a settlement date, and users can...
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