"Raging Bull" Adam Todd Has Big Plans for Digitex in the Futures Market [INTERVIEW]

Veteran trader, now Digitex founder and lead architect Adam Todd, for one, told CryptoSlate in an exclusive interview about how his fee-less, non-custodial crypto exchange plans to open up the relatively untapped futures market to the small fry.

Despite the Digitex token wrangling a scorching 2800 percent increase in Q3's unforgiving market conditions, Todd would come off less the self-assured executive so much as a decidedly straight-shooting pit trader that doesn't mince his words.

Speaking to CryptoSlate at Malta Blockchain Summit, Todd quietly connected the dots between the defiant rise of Digitex and his decades-long journey as a London floor trader, exchange software architect for Betfair, and digital marketer-the latter skill he proffered helped his new venture "Hit the marketing out of the park".

One thing seemed to stick out like a sore thumb during Todd's stint in the futures markets that would provide the impetus for his dormant "Zero-fee" futures exchange.

After some time scratching his head over how to build a revenue model without transaction fees, Ethereum rolled in with its token issuance model and it "Really kicked in" that Todd had been handed his long-awaited blueprints for a commission-free futures exchange.

Such a raise would likely be considered a pipsqueak even now as Ether flirts with the $200-mark, and yet Todd explained taking the time to scope out a more expensive in-house development team was the only option for Digitex, which he added makes a "Night and day difference" when it comes to the quality of software development, and the added bonus of "Not having to go on f**cking UpWork".

An eight-member team smack-bang in the center of Dublin has been working on the exchange since March, all of whom Todd said had been "Blown away" at the recent eruption of interest in Digitex.

While he maintained the newfangled exchange will be a "Cheap, frictionless way in" for shallow-pocketed traders, Todd also believes institutions won't be able to resist the pull of what will likely become a highly liquid exchange-especially one that eventually adds gold, oil, stocks, or "Anything that brings over the traditional futures traders that aren't necessarily interested in crypto".

If the "Suits" and regulators are planning on lashing Digitex with red tape, Todd says he won't be rolling over-especially when it comes to Know-Your-Customer, which he described as "Pointless", "Expensive" and "Of no use whatsoever".

Todd wouldn't look to throw out the rulebook, however.