Recently, BTSE announced the release of BTSE Dex 2.0, a platform that brings cross-compatibility for Ethereum Virtual Machine-based chains. This update allows users to trade over 50 perpetual futures on various 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. As part of the launch, BTSE Dex will be eligible for almost $1 million in token rewards from both Orderly and BTSE Dex, distributed in USD Coin (USDC) through multiple rounds.
Henry Liu, the CEO of BTSE, expressed his excitement about deepening the partnership with Orderly Network. He commended Orderly Network for creating a remarkable product and highlighted how their focus on technology and user experience has driven significant growth in recent months.
The BTSE Dex is just one of the products offered by the BTSE Group, a global blockchain technology company. According to their website, the exchange has facilitated over $170 million in trading volume through perpetual contracts of popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Arjun Aroro, the COO of Orderly Network, praised BTSE for their commitment to fostering innovation within the crypto ecosystem. He emphasized how BTSE’s belief in their vision to create a fully integrated DeFi landscape led to the development of BTSE Dex on Orderly’s NEAR instance. This move not only caters to DeFi enthusiasts but also showcases BTSE’s trust in the Orderly-led team to bring this vision to life.
Orderly Network serves as a permissionless liquidity layer for decentralized exchanges, operating on an omnichain infrastructure. They currently provide yield vaults with a fixed 20% APY for ten different cryptocurrencies, including Dogecoin (DOGE), Injective (INJ), and Binance Coin (BNB). The total value locked using Orderly’s liquidity layer has surpassed $22 million, marking a 330% year-to-date increase, as per DefiLlama data.
The launch of BTSE Dex 2.0 signifies a significant step towards enhancing the decentralized trading experience for users across various cryptocurrency networks. The partnership with Orderly Network and the integration of innovative features showcase BTSE’s commitment to pushing the boundaries of DeFi and fostering growth within the crypto space.
