The Synthetix project was launched in 2017 under the name Havven.
Synthetix Network is part of DeFi or decentralized finance.
It is a decentralized exchange platform (or DEX).
Synthetix Network is unique in that it offers trading in “synthetic” assets, also known as “Synths”.
The SNX platform’s native token, compatible with the ERC-20 standard, serves as collateral for trading on the platform.
At present, the capitalization of the Synthetix project is close to €950 million, placing the token in the top 100 worldwide.

The SNX token provides access to the DeFi platform ‘s trading services.
What sets Synthetix Network apart from the competition is the range of assets available.
Of course, you’ll find a wide selection of ERC-20 tokens for trading.
But Synthetix also offers trading in indexes, fiat currencies, commodities and more.
Another major advantage of Synthetix Network is the nature of the derivatives on offer.
The platform offers trading in Synth assets.
As with CFDs, Synth trading does not require you to buy the asset in question.
In practical terms, this means that you benefit from price volatility without the constraints associated with storing the asset.
Finally, the SNX token enables you to participate in the governance of the protocol.

Security: Drawing on its many years of trading experience, Coinhouse implements rigorous, up-to-date processes to ensure a high level of security for its users. Ease of use: Coinhouse offers a clear interface suitable for all types of investor, whether you’re a beginner or a professional. Customer service: Got a question or concern?
Coinhouse customer service is here to help! PSAN registration: In the age of crypto regulation, Coinhouse has taken the lead!
Coinhouse is PSAN registered with the AMF.

1. Registration: The first step is to open a Coinhouse account.
   All you need to do is fill in a standard form (name, address, date of birth and nationality), along with information about your investor profile.
2. Verification: To ensure a high level of security, Coinhouse verifies your identity.
   You must take a selfie holding a piece of identification in your hand.
3. Deposit funds: Once your account has been activated, you’ll need to deposit funds for your trading activities.
   Deposits can be made by credit card or bank transfer.
4. Buying Synthetix Network: There are two ways to buy SNX tokens.
   You can buy SNX directly from fiat money by clicking on “Buy”.
   Another way is to trade (“Exchange” button), exchanging them for USDT stablecoins. USDT/EUR exchange rate.
5. Secure storage: Once purchased, SNX tokens must be stored on a crypto wallet.
   You can store them securely on the Coinhouse integrated wallet.
   At present, it is not possible to transfer SNX tokens to external media.

To sell your Synthetix tokens, simply click on the “Sell” button and enter your bank account details.
The amount in euros resulting from the sale will be paid to you within 1 to 3 working days.

A rising price.
At the end of December 2023, the price of the SNX token topped the €4 mark, establishing its best performance since August 2022. A dynamic DeFi project.
In early 2024, developers implemented the Andromeda upgrade on the Synthetix network.
This upgrade reduced the number of tokens in circulation, boosting its price via a deflationary dynamic.