CVEX, a decentralized exchange focused on trading crypto futures and options, is set to go live on January 8th after a period of testing. The exchange, partly owned by Saxo Bank founder Lars Seier Christensen, plans to compete with the centralized exchange Deribit. CVEX aims to offer lower fees and bring more liquidity to the crypto derivatives market, which has been relatively small compared to traditional markets. The exchange will launch on Arbitrum Stylus, an Ethereum overlay blockchain, and promises trading fees up to 16 times lower than traditional exchanges. CVEX has already raised $7 million in funding from various investors.



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