BTSE partners with Orderly Network to launch BTSE Dex 2.0

BTSE announced the launch of BTSE Dex 2.0, which introduces cross-compatibility for Ethereum Virtual Machine-based chains and enables trading for over 50 perpetual futures on networks such as Base, Optimism, and Arbitrum. 

Notably, BTSE Dex taps into Orderly Network’s decentralized exchange protocol, which offers liquidity and cross-chain interoperability to decentralized order books. 

Additionally, the Aug. 8 announcement revealed that BTSE Dex 2.0 would be eligible for nearly $1 million in token rewards from both Orderly and BTSE Dex. The rewards will be distributed in USD Coin (USDC) through different rounds.

BTSE CEO Henry Liu said:

“We’re excited to deepen our partnership with Orderly Network. They have created a phenomenal product and their emphasis on technology and user experience have enabled us to supercharge growth over the last several months.

The BTSE Dex is one solution from the suite of products offered by the BTSE Group, a global blockchain technology company. According to its website, the exchange registered over $170 million in trading volume through its perpetual contracts of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

Orderly Network COO Arjun Aroro said:

“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.”

Orderly Network is a permissionless liquidity layer for decentralized exchanges, built on an omnichain infrastructure. Currently, they offer yield vaults fixed at 20% APY for 10 different crypto, including Dogecoin (DOGE), Injective (INJ), and Binance Coin (BNB).

The total value locked using Orderly’s liquidity layer is currently at over $22 million, after a 330% year-to-date rise, based on DefiLlama data.

The post BTSE partners with Orderly Network to launch BTSE Dex 2.0 appeared first on CryptoSlate.