BTSE Launches BTSE Dex 2.0 in Collaboration with Orderly Network
BTSE announced We are launching BTSE Dex 2.0, which introduces cross-compatibility for Ethereum Virtual Machine-based chains and enables trading of over 50 perpetual futures on networks such as Base, Optimism, and Arbitrum.
In particular, BTSE Dex leverages Orderly Network’s decentralized trading protocol, which provides liquidity and cross-chain interoperability to decentralized order books.
Also, according to the announcement on August 8th, BTSE Dex 2.0 is eligible to receive approximately $1 million in token rewards from both Orderly and BTSE Dex. The rewards will be distributed in USD Coin (USDC) over multiple rounds.
BTSE CEO Henry Liu said:
“We are excited to further strengthen our partnership with Orderly Network. They have built an incredible product, and their focus on technology and user experience has allowed us to accelerate our growth tremendously over the past few months.
BTSE Dex is one of the solutions in the product family provided by BTSE Group, a global blockchain technology company. That websiteThe exchange recorded over $170 million in trading volume through perpetual contracts for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Orderly Network COO Arjun Aroro said:
“BTSE’s dedication to fostering innovation across the cryptocurrency ecosystem is unparalleled, and is evident in their belief in the vision of providing a truly unified DeFi environment. They have built BTSE Dex on Orderly’s NEAR instance not only to target users who prefer autonomy in DeFi, but also as a symbol of their belief in the team led by Orderly to make this vision a reality.”
Orderly Network is a permissionless liquidity layer for decentralized exchanges built on the Omnichain infrastructure. It currently offers fixed yield vaults at 20% APY for 10 cryptocurrencies, including Dogecoin (DOGE), Injective (INJ), and Binance Coin (BNB).
The total value locked using Orderly’s liquidity layer has now surpassed $22 million, up 330% since the beginning of the year. DefiLlama data.
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Gino Matos
Gino Matos is a law school graduate and seasoned journalist with 6 years of experience in the cryptocurrency industry. His expertise is mainly focused on the Brazilian blockchain ecosystem and decentralized finance (DeFi) development.
Assad Jafri
AJ has been a passionate journalist for over 10 years, honing his skills globally since the Arab Spring in Yemen in 2011. He specializes in financial journalism and currently focuses on cryptocurrency reporting.
