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EVEDEX Becomes the First DEX to Launch On-Chain Copy Trading Across Crypto, Forex and Index Markets

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EVEDEX Becomes the First DEX to Launch On-Chain Copy Trading Across Crypto, Forex and Index Markets

EVEDEX, a hybrid decentralised cryptocurrency exchange, has announced the launch of Copy Trading on DEX, allowing users to mirror the positions of verified traders directly from a self-custodial wallet. The feature is available across the platform’s full market list, including a set of forex and index perpetual contracts rarely offered on decentralised venues, extending a trading model long associated with centralised exchanges into an on-chain, non-custodial environment.

Copy trading has been one of the most widely adopted retail features on centralised platforms, but its migration on-chain has been slow. The mechanism requires a leader’s single order to fan out into hundreds or thousands of follower orders that execute close enough in time and price to reproduce the original result. On networks that charge per transaction, the economics of that fan-out have historically been prohibitive.

EVEDEX settles trades on Arbitrum L2 network, combining an off-chain order book with gasless execution. This allows follower orders to be processed at scale without any delay and transaction costs that have constrained similar products elsewhere.

Followers retain custody of their assets throughout. Capital is allocated to a special subaccount following the strategy rather than transferred to a leader, and users set their own risk limits and position sizing and can exit a position at any time.

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The launch also opens copy trading across EVEDEX’s non-crypto markets, an area where decentralised exchange listings have historically been thin.

The platform quotes perpetual contracts on GBP/USD, AUD/USD and USD/CAD, on the US Dollar Index, and on index products tracking the Nasdaq 100, the Dow 30, Germany’s DAX 40 and the Hang Seng 50.


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