BTSE announced the launch of BTSE Dex 2.0, which introduces cross-compatibility for Ethereum Virtual Machine-based chains and enables trading of over 50 perpetual futures contracts on networks such as Base, Optimism, and Arbitrum.
Notably, BTSE Dex leverages Orderly Network’s decentralized exchange protocol, which provides cross-chain liquidity and interoperability to decentralized order books.
Additionally, the August 8 announcement revealed that BTSE Dex 2.0 will be eligible for nearly $1 million in token rewards from Orderly and BTSE Dex. The rewards will be distributed in USD Coin (USDC) over different cycles.
Henry Liu, CEO of BTSE, said:
“We are thrilled to strengthen our partnership with Orderly Network. They have created a phenomenal product and their focus on technology and user experience has helped us drive our growth over the past few months.
The BTSE Dex is a solution in the product range offered by the BTSE Group, a global blockchain technology company. According to his websiteThe exchange recorded over $170 million in trading volume across its Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) perpetual contracts.
Arjun Aroro, COO of Orderly Network, said:
“BTSE’s commitment to driving innovation across the crypto ecosystem is unmatched, as demonstrated by their belief in our vision to deliver a truly integrated DeFi landscape. They built BTSE Dex on Orderly’s NEAR instance not only to meet the needs of users who prefer the autonomy of DeFi, but also as a symbol of trust in the team led by Orderly to deliver on this vision.”
Orderly Network is a permissionless liquidity layer for decentralized exchanges, built on an omnichain infrastructure. Currently, they offer yield vaults set at 20% APY for 10 different cryptocurrencies, including Dogecoin (DOGE), Injective (INJ), and Binance Coin (BNB).
Total value locked using Orderly’s liquidity layer currently stands at over $22 million, up 330% year-to-date, based on DefiLlama Data.
Mentioned in this article
Gino Matos
Gino Matos is a law graduate and seasoned journalist with six years of experience in the crypto sector. His expertise focuses mainly on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
Assad Jafri
AJ, a passionate journalist since the 2011 Arab Spring in Yemen, has honed his skills around the world for over a decade. Specializing in financial journalism, he now focuses on reporting on cryptocurrencies.
