BTSE partners with Orderly Network to launch BTSE Dex 2.0

BTSE announced the launch of BTSE Dex 2.0, which introduces cross-compatibility for Ethereum Virtual Machine-based chains and enables trading for implicit 50 perpetual futures connected networks specified arsenic Base, Optimism, and Arbitrum. 

Notably, BTSE Dex taps into Orderly Network’s decentralized speech protocol, which offers liquidity and cross-chain interoperability to decentralized bid books. 

Additionally, the Aug. 8 announcement revealed that BTSE Dex 2.0 would beryllium eligible for astir $1 cardinal successful token rewards from some Orderly and BTSE Dex. The rewards volition beryllium distributed successful USD Coin (USDC) done antithetic rounds.

BTSE CEO Henry Liu said:

“We’re excited to deepen our concern with Orderly Network. They person created a phenomenal merchandise and their accent connected exertion and idiosyncratic acquisition person enabled america to supercharge maturation implicit the past respective months.

The BTSE Dex is 1 solution from the suite of products offered by the BTSE Group, a planetary blockchain exertion company. According to its website, the speech registered implicit $170 cardinal successful trading measurement done its perpetual contracts of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

Orderly Network COO Arjun Aroro said:

“BTSE’s committedness to fostering innovation crossed the crypto ecosystem stands unmatched, evident successful their content successful our imaginativeness to present a genuinely integrated DeFi landscape. They built BTSE Dex connected Orderly’s NEAR lawsuit not lone to cater to users who similar the autonomy of DeFi but besides arsenic a awesome of religion successful the Orderly-led squad to actualize this vision.”

Orderly Network is simply a permissionless liquidity furniture for decentralized exchanges, built connected an omnichain infrastructure. Currently, they connection output vaults fixed astatine 20% APY for 10 antithetic crypto, including Dogecoin (DOGE), Injective (INJ), and Binance Coin (BNB).

The full worth locked utilizing Orderly’s liquidity furniture is presently astatine implicit $22 million, aft a 330% year-to-date rise, based on DefiLlama data.

The station BTSE partners with Orderly Network to motorboat BTSE Dex 2.0 appeared archetypal connected CryptoSlate.