Hassan Maishera
On Wednesday, the Synthetix team announced via X that it is relaunching the Synthetix Exchange with new collateral types on Base and a fresh look. Users can use wrapped BTC and staked ETH directly on the revamped exchange as margin, hedge positions, and diversify.
Synthetix Exchange has multi-collateral support coupled with a revamped UI unlocks new advanced strategies for traders and liquidity providers. Other benefits include Delta-neutral positioning, funding-free delta, and custom payoffs.
Synthetix is an Ethereum-based protocol for issuing and trading synthetic assets, including cryptocurrencies, leveraged tokens, equities, and other real-world assets. SNX, the native token of Synthetix, is down 8% in the last 24 hours and is trading at $2.40 at press time.
