Xena Exchange (Xena Financial Systems)

Xena Exchange is founded by former employees of the known investment banks and technology companies, in particular J. P. Morgan, Deutsche Bank, UBS, Russian Stock Exchange, Kaspersky Labs and so forth. The Xena Exchange command has work experience in the industry. The staff of Xena Exchange for February, 2019 totally worked 45 years in corporations on the security clearing with the fixed income, in the field of the stock trading and derivatives; 25 years in the sector risk management; 110 years in the companies on software development; 35 years in the field of DevOps and cryptographic security of financial institutions.

History

2019: Derivative contract for GRAM with leverage

On February 7, 2019 the Xena Exchange platform for trade in digital assets announced start of the cryptocurrency derivative on a token of GRAM with leverage. It is a major step on the way to liquidity of GRAM as investors of the TON Telegram project will be able to trade in derivatives until the actual release of tokens of GRAM on the exchanges.

With start of derivative contracts for tokens of GRAM at all who wanted, but did not manage to purchase GRAM, there will be an opportunity to earn from the potential growth of a rate of a token, and the current holders of GRAM will be able to protect the investments from possible falling after listing at the exchanges.

The token of GRAM is important for community and therefore it has essential potential in the form of the derivative contract. Derivatives are used not only for speculative transactions with the profit earning purpose, but also for risk hedging. In the traditional market derivatives on the trading volume exceed the corresponding underlying assets ten times. In general derivatives, for example, contracts for indexes and futures, well are suitable both for risk hedging, and for increase in profits. Because of diversification indexes simplify process of investment and reduce risks of the trader. For this reason we place big emphasis on development of trade in derivatives at the Xena Exchange and we release the first wave contracts for BTC and GRAM Anton Kravchenko, CEO Xena Exchange

Derivatives on GRAM will appear at the exchange shortly after Xena Exchange starts on February 18, 2019 section for trade in cryptoderivatives in addition to the existing spot engine. The contract BTC to USD will become the first derivative at the exchange. An opportunity to invest in cryptocurrencies through derivatives should attract traditional and institutional investors on the cryptocurrency market, thereby providing inflow of additional resources, increasing the trading volumes and reducing volatility. According to forecasts of Xena Exchange trade volume on the contracts GRAM will reach 3.5 billion dollars in the first three months.

Xena Exchange issues derivatives of institutional level, Xena Listed Perpetuals which are created with a view to specifics of the cryptocurrency market. For February, 2019 calculations for Perpetuals happen in BTC; further the fiat gateway, and as a result the risks connected with volatility of BTC will be open will be reduced to zero.