Digitex’s Monday Madness — Market Makers Lose 1 Million DGTX in 24 Hours

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In a 24-hour long campaign called ‘Monday Madness’, Digitex Futures set its market makers to lose a staggering 1 million DGTX for traders to win. After the success of the event which saw Digitex’s $1 tick size BTC market reach a 24-hour trading volume of $1.1 billion (just shy of Binance at $1.3 billion), the zero-fee exchange has decided to hold another event this coming Monday, October 12, 2020, from 14:00 UTC for 24 hours. CEO of Digitex Adam Todd explained prior to the event that it was going to be “difficult to lose” on the Digitex exchange throughout the madness as orders would be instantly filled–and he was right. The exchange saw 5x more users trading on this market competing for market maker losses and enthusing over the liquidity and easy profits. Sending Liquidity Through the Roof In fact, programming its market makers to lose money had the effect…

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