🚨 Prop Firms Drain Crypto
🚨 Prop Firms Drain Crypto
🚨 Crypto Volume Vanishing
DEXs and CEXs are hemorrhaging volume to Web2 proprietary trading firms in a massive shift that's reshaping crypto trading.
The concerning reality:
- Most prop firms operate B-book models with demo accounts
- No actual trades or real order flow occur
- Payouts funded by new user sign-up fees
A $20 billion annual industry built on questionable foundations is siphoning hundreds of billions in trading volume away from legitimate crypto exchanges.
This opaque system raises serious questions about market integrity and trader protection in an already volatile space.
At the same time, DEXs and CEXs are losing hundreds of billions in volume to Web2 prop firms. Most of these firms run B-book models: demo accounts, no real trades or orderflow, payouts funded by users' new sign-up fees. A $20B/year industry built on an opaque & shaky
Trader Receives $300 Instant Payout and Silver Level Promotion
A trader on Foxify's decentralized platform received **$300 in instant payouts** and earned a promotion to Silver level status. The promotion unlocks access to **$5,000 in on-chain funding** for future trading activities. - Transaction verified on-chain via [SonicScan](https://sonicscan.org/tx/0x4205f27d821701e1e86c87d0f4af51dee541b97447d4178bde3f7b47607fe213) - Part of Foxify's prop trading program structure - Demonstrates platform's tier-based advancement system The payout represents the platform's instant settlement feature for successful traders.
🎄 Christmas Hamper
**Foxify** launches a **$350,000 Christmas trading promotion** in partnership with major platforms including dYdX, Kodiak Finance, and Orderly Network. The platform positions itself as a **volume accelerator and user retention layer** for both centralized and decentralized crypto exchanges. **Key Features:** - Designed to benefit both traders and trading platforms - Works across CEXs and DEXs - Focus on trader-first approach The Christmas promotion includes rewards, bonuses, and trading incentives described as the **largest ever seen in crypto trading**. Foxify appears to be in early stages with plans for continued development and updates.
🦊 FOXIFY Expands
**FUNDED** by FOXIFY is expanding its on-chain prop trading platform with new integrations: - Direct integration with **dYdX**, **KodiakFi**, and **OrderlyNetwork** - More platform partnerships coming soon **Rewards System Features:** - Earn rewards from real protocol fees when trading - **$FOX staking** into ebFOX pool unlocks membership tiers - Higher tiers = increased reward multipliers **Upcoming Enhancements:** - Utility NFTs launching soon - Up to **25% funding boost** for NFT holders - Early access to new features and integrations FUNDED offers the first on-chain A-book prop trading with instant USDC payouts, no KYC requirements, and 80% profit sharing for traders.
🚀 Instant Funding Revolution
**New trading platform launches instant FUNDED accounts** starting Day 1, eliminating traditional evaluation phases. **Key Features:** - Scale from $500 to $10,000 funding through clear PnL + points system - Trade larger positions on real markets immediately - No KYC requirements or waiting periods **Performance Metrics:** - 15% profit target with 20% drawdown limit - One trader scaled $100 to $1,309 in funding within 24 hours - 13x capital multiplication achieved **Platform Benefits:** - Restores orderflow to trading platforms - Increases user retention through immediate access - Streamlined prop trading experience This approach removes barriers that typically prevent traders from accessing funded accounts quickly.