CandleFocus

Synthetix Exchange Restarts, Launching Multi-Collateral Perpetuals on Base

Synthetix, a cryptocurrency exchange, has relaunched its platform with new features and products. The relaunch includes updates to the user interface, support for multi-collateral perpetuals on the Base network, and the introduction of Synthetix Leveraged Tokens. The platform is aiming to provide a high-quality trading experience with low fees and deep liquidity. To incentivize users, Synthetix is offering rewards to liquidity providers and plans to introduce more incentive programs. The platform now offers various multi-collateral perpetuals, allowing users to directly access BTC and ETH without stablecoin collateral. Synthetix made two major acquisitions prior to the relaunch, acquiring perpetual platform Kwenta and leveraged token platform TLX. With these updates and acquisitions, Synthetix is prepared to handle large trading volumes and increased activity in the bull market.

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