Interdax was established as a next-generation trading platform for cryptocurrency derivatives, such as perpetual swaps, with leverage up to 100x. The company aimed to provide a robust and high-performance trading experience, drawing on the expertise of its founders from traditional financial markets like the CME Group, London Stock Exchange, and Deutsche Börse. However, as of February 1, 2023, the company announced that trading on its platform has been suspended indefinitely, although other services like deposits, withdrawals, and customer support remain available.