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Apr 03, 2024
Announcements
AscendEX Expands Onchain with Orderly Network’s Liquidity Layer for its 1M+ Users
by Orderly Network
AscendEX Expands Onchain with Orderly Network’s Liquidity Layer for its 1M+ Users

AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce its strategic partnership with Orderly Network to harness the power of robust liquidity and trading experiences that combine the best of centralized exchanges and DeFi platforms.

Orderly Network provides a robust trading infrastructure for DEXs with a combination of an orderbook-based trading interface and a robust liquidity layer offering spot and perpetual futures trading.

The partnership will empower AscendEX to offer a DEX option for its more than one million registered users who prefer the privacy and self-custody of DeFi, enabling a smooth transition between both offerings while maintaining a familiar orderbook interface without any lag in trading speeds or execution.

“We always strive to build a unique and seamless trading experience that brings together the best of both centralized and decentralized finance for our AscendEX users,” said George Cao, founder and CEO, AscendEX. “We are proud to partner with Orderly Network and its innovative DeFI trading infrastructure to further deliver on the core tenets of what makes DeFi so compelling, and expand market access and liquidity for our users.”

AscendEX users will enjoy gasless onchain perps trading with up to 20x leverage across multiple assets on major EVM chains – fitted with deep liquidity– without any bridging risks or wrapped assets. This means tighter spreads, improved capital efficiency, and streamlined trading flexibility (onchain or offchain) for all users.

“Orderly Network combines the best features CEXs and DEXs have to offer – we believe it’s the fastest way to bring all traders onchain,” said Ran Yi, Co-founder, Orderly Network. “AscendEX’s shared commitment to this ethos and a drive for continuous innovation made this partnership all the more seamless, bridging CeFi and DeFi for its users leveraging Orderly’s infrastructure.”

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