1/ Today we’re excited to announce our $9.5M seed round, led by Yuri Sagalov (@yuris) of General Catalyst alongside Paul Graham (@paulg), @ycombinator , and a group of incredible partners and angels.
Introducing dynamic Price Bands on QFEX
Price bands protect traders from fat-finger errors and manipulation. Buy orders above the upper band and sell orders below the lower band are rejected before reaching the matching engine.
Band width now adjusts by product and trading session:
Lower band = P × (1−f)
Upper band = P × (1+f)
P is the latest Market Data Price and f is the session factor. Bands widen when reference markets are active and tighten when they are closed or less liquid.
More details: docs.qfex.com/qfex/risk-limi…
"Financial markets are huge. Even if you save everyone a fraction of a basis point, you’re trading trillions, right? So it’s a big problem to work on. We’re building QFEX to make markets fairer, more efficient and less extractive."
- @annanay
I longed $SECZ the second it went live on @QFEX
Tokenized stocks are my highest-conviction sector right now.
The 3 names I’m watching the closest: ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 $BP$SECZ
And huge respect to the QFEX team.
They actually listen to users, take feedback seriously, and move insanely fast.
This $SECZ listing is a perfect example.
I honestly can’t imagine most other exchanges listing it this quickly.
Appreciate you, QFEX and @defiash
Loss Refunds are now live on QFEX.
20% of eligible losing traders will get 100% of their realized loss back, up to $2,000.
Deposit at least $100 and make your first trade by Sunday at 23:59 UTC to qualify.
How it works 🧵
How to qualify
- Create a QFEX account on or after September 21
- Link your X account
- Deposit at least $100 and make your first trade by Sunday at 23:59 UTC
- Trade at least $100K in taker notional during the campaign
Finish the week with a realized loss and you’re entered automatically.
Campaign: Mon, Sep 28 at 00:00 – Sun, Oct 4 at 23:59 UTC.
Finish with a realized loss to enter. 20% of eligible traders will be selected at random and refunded 100% of their loss, up to $2K, the following week.
Realized profits offset losses; unrealized PnL doesn’t count.
qfex.com/lossback