Aug 06, 2024
Announcements
BTSE Doubles Down on Orderly Network, Expanding DeFi Arm – BTSE DEX – to Orderly Omnichain
by Orderly Network
BTSE DEX – the DeFi arm of renowned crypto asset exchange, BTSE – has successfully completed its integration on Orderly Omnichain, our native EVM instance. Being one of the earliest protocols to integrate with Orderly Network’s NEAR instance, this integration further reinforces the robustness of the Orderly’s ecosystem and infrastructure.
BTSE is a global blockchain company centered on three pillars: its centralized exchange, payments business, and infrastructure business. Last year, BTSE partnered with Orderly Network to launch BTSE DEX, offering decentralized spot and perpetual futures trading on NEAR Protocol.
Starting out on NEAR, BTSE DEX offers both spot and perps trading in a simplified orderbook interface, powered by Orderly. Now, BTSE DEX has expanded its offering leveraging Orderly’s omnichain infrastructure to deliver an improved onchain perps trading experience for its users.
BTSE DEX users can now trade beyond NEAR and place trades alongside other traders on EVM compatible chains, including Ethereum Mainnet, Arbitrum, Polygon, Optimism, Base, and Mantle. Orderly’s shared orderbook also converges liquidity from these chains, routing and executing trades in a single orderbook – thus guaranteeing deeper liquidity, tighter spreads, and minimal slippage.
In essence, you are get all the existing perks of BTSE DEX, alongside;
Speaking on the evolution of Orderly’s infrastructure from its early days, BTSE CEO, Henry Liu, said;
“We’re very excited to embark on the next stage of growth for BTSE DEX. Orderly has built a best-in-class product and strong ecosystem for decentralized trading across both Near Protocol and various EVM chains. They are the perfect partner to support our expansion into the world of DeFi, enabling us to diversify the suite of different services we provide to our traders.”
Orderly Network’s omnichain infrastructure is now home to over 20+ builders, recording $70B+ in total trading volumes, and 400k+ cumulative users — consistently placing Orderly in the top 5 derivatives trading venue on DeFillamma with daily trading volumes frequently hitting $1B+, according to Dune Analytics.
Underpinning this robust ecosystem is the Orderly Chain, a permissionless liquidity chain, where all trades on executed Orderly-powered DEXs are settled, ensuring utmost transparency and xxx cross-netting possibilities unlike any other venue in DeFi.
Speaking on the success of the Orderly Network x BTSE partnership, Arjun Aroro, COO,Orderly Network echoed;
“BTSE’s commitment to fostering innovation across the crypto ecosystem stands unmatched, evident in their belief in our vision to deliver a truly integrated DeFi landscape. They built BTSE DEX on Orderly’s NEAR instance not only to cater to users who prefer the autonomy of DeFi but also as a symbol of faith in the Orderly-led team to actualize this vision. Today, that vision has taken shape, and we are excited to see BTSE DEX expand its perps offering for its users.”
To mark a longstanding and fruitful partnership, BTSE and Orderly Network are throwing it down with a cool afterparty at the Asia Blockchain Summit (ABS) this Tuesday– 15,000+ expected attendees, 300+ world leaders, including Vitalik Buterin, Steve Yun and many more. If you are visiting, reside in Taipei, or just want to have a swell time out – here is your cue to stop by and say GM.
As we herald an evolved perps trading era for BTSE DEX users, Orderly and BTSE will continue to reimagine DeFi beyond current limitations, ushering in the next wave of onchain users–further bridging the gap between CeFi and DeFi.
Here is a fun fact we bet you didn’t know! Quick trivia for you – What BTSE stands for?
Buy, Trade, Sell, & Earn – BTSE. So get trading today: https://dex.btse.com/
