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Hxro Begins Testing Crypto Derivatives Trading Platform on Solana

CoinDesk LogoCoinDesk1 mo ago

Hxro Begins Testing Crypto Derivatives Trading Platform on Solana

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Susquehanna-backed Hxro is using dummy tokens as collateral to stress test its derivatives marketplace on Solana mainnet.

That’s because the contract collateral is UXDC (a play on USDC and Hxro), a valueless, simulated stablecoin Hxro minted to stress test the network before public launch.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.


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Article Details

Author / Journalist: Danny Nelson

Category: Crypto

Topics: Derivatives Trading Solana

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 14:55:17

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Reading Time: 4 minutes read

Article Length: 617 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 25446

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About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 24 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 12h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #8

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