BTSE, a global blockchain technology company, recently announced the launch of BTSE Dex 2.0, an advanced decentralized exchange. This new version introduces cross-compatibility for Ethereum Virtual Machine-based chains, allowing trading for over 50 perpetual futures on networks such as Base, Optimism, and Arbitrum. BTSE Dex 2.0 leverages Orderly Network’s decentralized exchange protocol to provide liquidity and cross-chain interoperability to decentralized order books.
The Aug. 8 announcement also revealed that BTSE Dex 2.0 would be eligible for nearly $1 million in token rewards from both Orderly and BTSE Dex. These rewards will be distributed in USD Coin (USDC) through different rounds. BTSE CEO Henry Liu expressed excitement about deepening the partnership with Orderly Network, highlighting the success of their collaboration in driving growth over the past few months. The BTSE Dex is one of the products offered by the BTSE Group, which recorded over $170 million in trading volume through its perpetual contracts of popular cryptocurrencies like Bitcoin, Ethereum, and Solana.
Orderly Network, the creator of the decentralized exchange protocol used by BTSE Dex, is a permissionless liquidity layer built on an omnichain infrastructure. Currently, Orderly offers yield vaults fixed at 20% APY for 10 different cryptocurrencies, including Dogecoin, Injective, and Binance Coin. The total value locked using Orderly’s liquidity layer has surpassed $22 million, marking a 330% year-to-date rise, according to DefiLlama data. The network’s COO Arjun Aroro praised BTSE for its commitment to fostering innovation in the crypto ecosystem, emphasizing their belief in creating a truly integrated DeFi landscape through collaboration with Orderly.
Gino Matos, a law school graduate and experienced journalist, reported on the launch of BTSE Dex 2.0 for CryptoSlate. With six years of experience in the crypto industry, Matos focuses on developments in decentralized finance (DeFi) and the Brazilian blockchain ecosystem. Editor Assad Jafri, who has over a decade of experience in financial journalism, oversees the content at CryptoSlate. The article emphasizes the importance of conducting thorough research and due diligence before engaging in buying and trading cryptocurrencies, as the market poses high risks.
In conclusion, the launch of BTSE Dex 2.0 marks a significant development in the decentralized exchange space, offering cross-compatibility and enhanced trading capabilities for users. The collaboration between BTSE and Orderly Network showcases a dedication to fostering innovation and creating a seamless DeFi landscape. With the growing popularity of decentralized finance and the rise of platforms like Orderly Network, the crypto industry continues to evolve, providing new opportunities for traders and investors. As technology advances and partnerships form, the future of decentralized exchanges looks promising for the global blockchain community.
