Originally published on: December 12, 2024
Mass, a leading cryptocurrency application developer, is teaming up with Synthetix to unveil an innovative mobile decentralized finance (DeFi) trading app. Scheduled to launch soon, this app will incorporate Synthetix’s leveraged perpetuals platform, offering users a seamless trading experience on their mobile devices.
The primary goal of this new app is to merge on-chain trading and self-custody features with the user-friendly design of a centralized exchange platform. Traders will have the opportunity to engage in perpetual futures trading with leverage of up to 25x, providing them with ample opportunities to maximize their investments.
Perpetual futures, also known as “perps,” are a popular derivative product that enables traders to buy or sell assets at a future date without any expiration dates, adding flexibility to their trading strategies.
Synthetix is excited about the partnership with Mass, as they believe that the user-friendly interface and seamless onboarding process offered by the mobile app will attract a wider audience of mobile users, not just limited to crypto enthusiasts. Benjamin Celermajer, a core contributor at Synthetix, stated that DeFi exchanges, while secure in terms of custody of funds, often lack user-friendliness due to their decentralized structure. The new mobile app aims to bridge this gap and provide users with a convenient and intuitive trading experience.
Some key features of the Mass mobile app include Apple and Google logins, sponsored initial transactions, a cross-chain gas tank, and multiple on/off-ramp options such as SEPA, ACH, credit, and debit cards. The app will initially be available in the United States, Europe, and Asia, catering to a diverse global audience of crypto traders.
In recent months, Synthetix has been actively working on improving its product offerings and governance structure. This includes the launch of v3 perpetuals on Arbitrum, as well as strategic acquisitions such as perps platform Kwenta and leveraged token trading platform TLX. These initiatives are part of Synthetix’s commitment to bringing high-quality products to the market and enhancing user experience.
Stay tuned for more updates on the Mass and Synthetix collaboration, as they continue to revolutionize the DeFi space with their cutting-edge mobile trading app.