Crypto Valley Exchange (CVEX), a decentralized platform specializing in crypto futures and options, has announced its official launch date set for January 8, 2025. This platform will utilize Arbitrum Stylus, making it part of the growing decentralized finance landscape.

The exchange has reported over 400,000 users registered for early access and a vast community engaging with it across various social media platforms. CVEX aims to enter a market currently dominated by centralized exchanges such as Deribit.

CEO James Davies emphasized that the crypto derivatives market is still significantly underdeveloped compared to traditional markets. He mentioned that large centralized platforms have typically avoided derivatives due to regulatory discrepancies, which CVEX intends to exploit.

Davies stated, “We've got a perpetual based market because nobody built infrastructure outside of that. We know futures are better and that there are thousands of projects that want to hedge and prefer to trade options on-chain rather than rely on costly OTC options.”

With its unique lower trading fees—up to 16x less than conventional exchanges—CVEX is predicted to revolutionize the way crypto derivatives are traded, allowing users to bypass high funding costs associated with perpetual futures.

Additionally, a successful fundraise of $7 million co-led by SALT and Fabric Ventures has set the stage for its robust launch.