Solidifying the Crypto Pledge

There might be a whole lot that human beings can do well, but at the same time, there is little we do better than growing on a consistent basis. This progressive approach, on our part, has already got us to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, based on its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience from all conceivable directions, but even after achieving such a monumental feat, technology will somehow continue to deliver the right goods. The same has turned more and more evident in recent times, and assuming a new fintech development ends up shaking out just like we envision, it will only put that trend on a higher pedestal moving forward.

Covo Finance, a DeFi company based out in New York, has officially launched a new DeFi trading platform on Polygon network. Designed to offer low-cost, high-speed, and most importantly, secure transactions, the new platform brings you a wide range of features, such as a user-friendly interface, the ability to trade top cryptocurrencies, advanced trading features, no third-party custodial risk, and low fees. The platform further makes it possible to trade in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), and others. Another detail worth a mention here is how it is able to deliver 50x worth of leverage. This means that all users can trade with 50 times the amount of capital they hold, and therefore, use various market movements to their benefit. In case these features aren’t quite enough to cut the deal, the new DeFi platform also empowers you to open long or short crypto leverage positions without facing any slippage whatsoever, something that should eventually allow you to enter and exit market positions in a rather less risky manner. Apart from it, the lack of a slippage fee even encourages the trader to execute relatively larger leverage orders.

But how can a user begin trading on Covo’s platform? Well, for starters, they need to create and connect a web3 wallet, such as MetaMask or Trust wallet, to the trading platform. Next up, they must deposit funds into that wallet either through an outright crypto purchase from the platform or by transferring existing assets from another wallet to their wallet on the Polygon network. This is where it gets interesting, as the user can move on to select the leverage trading tab, choose the pair they wish to trade, select the leverage level, place an order, and then seamlessly monitor their position. In order to enhance the trader’s experience, the platform also delivers at their disposal a set of advance features that covers stuff like the option to add stop-loss, opt for take-profit orders, and more.

The platform comes amidst a strong surge around the Polygon DeFi market, with the segment’s value now understood to be more than a whopping $1.42 billion. This growth spurt has largely come from the increase in value of Matic token, as well as from the expanded demand for low-cost, fast, and secure transactions in the DeFi space. With Convo’s latest effort making a point to address those very requirements, the stated value can be expected to improve quite substantially over the next few years.