BSX, backed by Base Ecosystem Fund, is set to raise the bar as the world’s foremost premier, high-performance DEX (decentralized exchange), offering an enhanced DeFi trading experience that provides the best of both worlds by merging the benefits of CEXs (centralized exchanges) with the self-custody features of DEXs. BSX will begin trading on Base layer-two mainnet alpha on April 1, 2024.
Following the conclusion of its public testnet trading phase in Q1, BSX the new standard in premier, high-performance DEXs is set to begin trading on the Base layer-two mainnet alpha on April 1, 2024.
BSX is backed by a number of notable investors, including Base Ecosystem Fund, Bankless Ventures, CMS Holdings, No Limit Holdings, Saison Capital, Kyros Ventures and WW Ventures, among others.
BSX is also being advised by Arthur Hayes, the founder and CIO of Maelstrom and the co-founder of BitMEX.
BSX aims to provide the ultimate DeFi trading experience, combining the liquidity, premium UX and user-friendly features of CEXs with the pricing and self-custody features of DEXs.
By utilizing the Base network, BSX provides lightning-quick transactions and inexpensive trading fees while ensuring transparency and accuracy through on-chain settlements.
BSX also streamlines the interface and flow for retail traders, who can conveniently connect their existing wallets, enable one-click trading and securely execute trades on-chain.
BSX users will be able to access a wide range of crypto products, including perpetuals, spot and more all in one place.
Core product offerings include the following.
- Low-gas trading Base’s transaction costs are minimal and highly optimized, enabling near gas-free settlements. This makes the total trading costs comparable to CEXs.
- Unrivaled performance Our high-performance trading engine provides extremely low latency and instant, guaranteed execution. Coupled with our one-click instant trading feature, it offers an experience akin to if not better than CEX trading.
- Self-custody and transparency By settling all trades on-chain, BSX ensures you have full control over your funds without any hidden counterparty risks. Your keys, your coins.
- API integrations BSX’s ‘delegated keys’ feature simplifies the use of external trading terminals without exposing your private keys or relinquishing custody of your funds.
BSX initiated its private testnet in November 2023 welcoming early adopters from an extensive waitlist of 80,000 members nd its public testnet in January 2024 included 5,000 traders, who contributed to a robust total trading volume of $5 billion during the period.
BSX is positioned to compete with leading CEXs like Binance and OKX, with crypto perpetuals trading in April 2024, followed by other products later this year.
Visit the website to trade and participate in the upcoming exciting rewards program for new traders and/or go to the following.
Contact
Henry N, core contributor of BSX Protocol Foundation
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
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- Source: https://dailyhodl.com/2024/04/01/bsx-the-first-clob-perp-exchange-to-launch-on-base-layer-two-blockchain/
