Date
26/02/2021
Mettalex, founded by Fetch.ai CEO and early DeepMind investor Humayun Sheikh, has announced today the launch of its decentralized exchange for commodities trading, setting a milestone as the first of its kind in the world. Javelin Global Commodities, a leading trading firm of bulk commodities, will be among the first clients to use Mettalex’s platform to manage risk on commodities exposure.
Being blockchain-agnostic, Mettalex is launching on both Ethereum and Binance Smart Chain. The exchange incorporates Fetch.ai technology and enables traders to take leveraged long or short positions against a number of commodities including Lithium Carbonate, Steel Recyclables, Zinc, Iron Ore, Natural Gas and spreads BTC/Gold and sCEX/sDEFI. All of these are unique markets in the decentralized finance (DeFi) space.