Recently, BTSE announced the launch of BTSE Dex 2.0, a platform that brings cross-compatibility for Ethereum Virtual Machine-based chains. This new development allows users to trade over 50 perpetual futures on networks such as Base, Optimism, and Arbitrum.

One of the key features of BTSE Dex 2.0 is its integration with Orderly Network’s decentralized exchange protocol. This integration not only provides liquidity but also enables cross-chain interoperability for decentralized order books. Through this partnership, BTSE Dex users can access a wide range of trading options.

In addition to the technical advancements, BTSE Dex 2.0 also offers token rewards totaling nearly $1 million. These rewards, distributed in USD Coin (USDC) through various rounds, aim to incentivize users and promote the platform’s growth. BTSE CEO Henry Liu expressed his excitement about the partnership with Orderly Network, highlighting the positive impact it has had on BTSE’s growth.

BTSE Dex is just one of the products offered by the BTSE Group, a prominent blockchain technology company with a global presence. The platform has seen significant trading volume, with over $170 million transacted through perpetual contracts of popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

Orderly Network plays a crucial role in the decentralized finance (DeFi) landscape as a permissionless liquidity layer for decentralized exchanges. Built on an omnichain infrastructure, the network offers yield vaults with attractive returns for various cryptocurrencies, including Dogecoin (DOGE), Injective (INJ), and Binance Coin (BNB). The platform has witnessed a 330% year-to-date rise in total value locked, reaching over $22 million according to DefiLlama data.

The launch of BTSE Dex 2.0 marks a significant milestone in the crypto trading space by introducing cross-compatibility for Ethereum chains and offering a wide range of trading options. The platform’s partnership with Orderly Network further enhances its capabilities and provides users with a seamless trading experience. With innovative features and lucrative rewards, BTSE Dex 2.0 is poised to attract more users and strengthen its position in the market.

Exchanges

Articles You May Like

Bearish Trends and Market Sentiment: The Current State of Bitcoin
The Future of Election Prediction Markets: A Call for Regulation Rather Than Prohibition
Bitcoin’s Path: Navigating Resistance and Support Levels
The Ethereum Opportunity: Is Now the Time for Investors to Shift Focus?

Leave a Reply

Your email address will not be published. Required fields are marked *