In this blog post, we want to communicate what we’re working on at Interdax to improve your trading experience and an indication of when you’ll be able to use these new features.
We’ve recently changed the authentication system to a more secure in-house system. This system will allow us to release enhanced authentication mechanisms and the public API very soon. You may need to re-enroll into Two-factor authentication (2FA).
The progress made so far towards some highly requested features (and possible timelines) are outlined below:
Work is currently ongoing towards enabling API functionality. The first group of users will be onboarded in May.
With API functionality available, more market makers will join the Interdax platform. That means there will be more liquidity, and an improvement in the spread of the BTC-PERP perpetual contract during periods of high volatility.
The API release will also enable quantitative traders to trade on our platform. Finally, it will open up integration with wider services in the cryptocurrency ecosystem, such as TradingView.
2. More Order Types
Introducing reduce-only orders (and other order types) depends on the release of the API.
Reduce-only orders are expected to be available on the platform by the end of July, which will enhance the battle experience.
3. ETH Support
ETH trading will be functional within the next few months. Once deposits and withdrawals are enabled, we will also launch ETH-based trading battles which will attract more users and volume to our platform.
Once the implementation of ETH is complete, we can begin considering the addition of derivative contracts for ERC-20 tokens and other major cryptocurrencies.
4. Making the Web App Mobile Friendly
By the second half of the summer, we’ll improve the mobile web experience so that you will be able to access our web application from mobile devices and tablets.
5. Progressing from the Beta Phase
Following the release of the public API and new order types, the Interdax platform will progress from the beta phase.
We expect the platform to be ready to leave the beta phase during mid-summer 2020.
If you have any further questions, please contact us or leave a comment below.