Bitcoin is fast becoming a mainstream asset, engulfing the ethos laid by it's anonymous founder Satoshi Nakamoto - Bitcoin: A Peer-to-Peer Electronic Cash System
As a digital assets, trusted brokers for trading is necessary, but with the current brokers, they've all been faced with disserving clients.
We've seen bankrupt brokers like FTX, Mt.Gox and now brokers have to ensure trustworthiness with PoR, short for Proof of Reserve.
LN Market with her novel integration of DLC protocol for trustless trading is a breakthrough for bitcoin derivative trading.
With DLC, there's a limit for traders reliant on third parties, it also mitigates counterparty risk; making trading risk free.
DLC, short for "Discreet Log Contracts", is a native “smart contract” built on Bitcoin to enable the delivery of a payoff depending only on the publication of a price by an oracle.
However, LN Market a focused Bitcoin Lightning Network trading platform ensure derivatives trading hassle free with DLC integration, read more here.
If you trade the BTC/USD pair regularly, then, LN Markets is a good fit for you:
1- KYC free
2- Trustless
3- Lightning Network Transactions
Most brokers don't enable lightning payments, also charging high margin calls.
On LN Market, you can open a contract with 250 sats as I am typing this line. The standards quantity starts from $1 for each contract which is far below market average from most brokers.
LN Market is a game changer for bitcoin derivative trading market offering a suit of products never seen in the market.
The UI is sleek and you're definitely going to have a hassle free experience navigating LN Market.
Cheers ✍️🙏
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