Leverj, a hybrid decentralized spot and leveraged futures exchange on Ethereum led by founder and CEO Bharath Rao announced today a new partnership with Smart Contract Japan, one of the largest Ether traders in the world.
Smart Contract has been an early investor in cryptocurrencies, including as a supporter of many token projects built on top of Ethereum. Over the years it has contributed significantly to the development of decentralized technology in the blockchain space.
Leverj has a strong team of quants, computer scientists, and financial engineers who are experts in programmatic trading with various crypto exchanges. This technical expertise, combined with the dominant market position of Smart Contract, will bring liquidity for a variety of products on Leverj’s own platform and Ethereum markets in general. The agreement with Smart Contract covers all financial products that will be launched on Leverj.
The Leverj team said:
“This partnership will go a long way to adding value in these growing new markets and providing risk management tools to ETH and token-holders on Leverj. Liquidity is the lifeblood of any exchange. You can have the best technology and design in the game, but without an orderbook with depth that traders can interact with, you will fail.”
“One of the struggles of new financial instruments like ETH/USD futures or the burgeoning ERC20 token market is the lack of reliable flow on exchanges. When volume and action on an exchange are low, new entrants are less eager to get involved in our markets.”
Last December, Leverj raised $13.5 million USD during its token generation event, their vision is to deliver the best platform possible for cryptocurrency derivatives.
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