Fetch.ai is launching Mettalex, a decentralized exchange that allows its users to trade commodity and crypto derivatives. The users will be able to gain exposure to traditional crypto trading pairs as well as commodities like gold, silver, cobalt, oil, and even the stock market indices.
Humayun Sheikh, who serves as CEO to both projects, told Cointelegraph that in addition to providing exposure to new investment products for the crypto community, it presents three main competitive advantages to commodity traders:
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