Five pain points that decentralized trading platforms need to solve

cointelegraph.com:

Decentralized crypto trading with leverage has grown in popularity over recent years — but something is holding the sector back: a lack of reliable platforms for noncustodial transactions.

Users often face clunky and poorly designed interfaces that are difficult to understand and nearly impossible to navigate. This isn’t just an inconvenience but also increases the risk of costly errors.

The pain points don’t end here. Traders need to have confidence that their orders will be processed at lightning-fast speeds, all while keeping gas fees to a minimum. Congestion on layer 1 networks has meant this isn’t always possible.

Careful attention also needs to be paid to the smart contracts powering decentralized trading platforms, as security vulnerabilities can put everyone’s funds at risk. Thorough audits are crucial and must be performed by independent organizations.

And there’s another piece of the puzzle that’s often overlooked. Traders are regularly left frustrated by a disappointing selection of trading pairs, restricting the digital assets they can gain exposure to. Thin markets can also affect the crypto leverage multiples being offered.

For cutting-edge protocols to thrive and stand out in a crowded market, they need to deliver a superior trading experience that ticks all of the boxes above. Design, speed, security, low costs and liquidity must be at the heart of everything they do.

And Gains Network — the builders of gTrade on the Polygon and Arbitrum blockchains — says its decentralized leverage trading platform delivers exactly that.

Source: Gains Network

Gains Network has developed gTrade, which boasts more than 80 crypto, forex and commodities pairs. Orders can be completed with a single click — and data from Dune