(Crypto Briefing) Injective DEX Helix Debuts Pre-Launch Futures for Unlisted Tokens

(Crypto Briefing) Injective DEX Helix Debuts Pre-Launch Futures for Unlisted Tokens

Today, Injective-based decentralized exchange (DEX) Helix is introducing Pre-Launch Futures that will allow traders to trade futures contracts on tokens before their official launch.

The first token that traders can access through Pre-Launch Futures will be Celestia (TIA). Celestia is backed by Polychain and Bain Capital but has not yet listed its token on exchanges.

Traders will be able to speculate on the potential price of TIA when it eventually lists on spot exchanges. The futures will cash settle to the official market price of TIA after it is listed.

Traditionally, only early investors and industry insiders have been able to access and trade tokens prior to a full exchange listing. Looking to change this, Helix’s Pre-Launch Futures aim to democratize access to anticipated tokens by letting the public trade them before they officially launch.

This move comes after Helix introduced an institutional offering called Helix Institutional earlier this year. The institutional platform offers fast settlement speeds, low fees, and a high-touch trading environment for institutional investors.

This article originally appeared on Crypto Briefing.

About Helix

Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one blockchain for building powerful exchange, DeFi, derivatives & Web3 applications.

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