BSX: First CLOB Perp Exchange Launching on Base Layer-2 Blockchain

by chain wire

Posted: Apr 1, 2024 1:30 PM Updated: Apr 1, 2024 1:30 PM

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Grand Cayman, Cayman Islands, April 1, 2024, Chainwire

quick take

• Backed by the Base Ecosystem Fund, BSX plans to raise the bar as the world’s leading high-performance decentralized exchange by combining the benefits of a centralized exchange with its own exchange to deliver an enhanced DeFi trading experience that delivers the best of both worlds. Storage function of decentralized exchanges.
• BSX is scheduled to begin trading on Base L2 mainnet alpha on April 1, 2024.

After the Q1 public testnet trading phase, BSX, the new standard for leading high-performance decentralized exchanges (DEXs), is scheduled to begin trading on Base L2 mainnet alpha on April 1, 2024.

BSX is backed by a number of high-profile investors, including Base Ecosystem Fund, Bankless Ventures, CMS Holdings, No Limit Holdings, Saison Capital, Kyros Ventures, WW Ventures, and others. BSX is also advised by Arthur Hayes, founder and CIO of Maelstrom and co-founder of BitMEX.

BSX aims to provide the best DeFi trading experience by combining the liquidity, premium UX and user-friendly features of a centralized exchange (CEX) with the pricing and self-storage features of a (DEX). BSX leverages its native network to provide lightning-fast transactions and low transaction fees, while ensuring transparency and accuracy through on-chain payments.

BSX also streamlines the interface and flow for retail traders who can conveniently connect existing wallets, enable one-click trading, and securely execute on-chain transactions. BSX users can use a variety of cryptocurrency products, including perpetual and spot, all in one place.

Core product offerings:

• Low gas deals: Base’s transaction costs are minimal and highly optimized, allowing for virtually gas-free payments. This makes the total transaction cost similar to CEX.
• Unrivaled performance: Our high-performance trading engine provides extremely low latency and instant, guaranteed execution. Combined with the one-click instant trading feature, it provides a similar or better experience to CEX trading.
• Self Custody and Transparency: BSX processes all transactions on-chain, ensuring you have full control of your funds with no hidden counterparty risk. Your keys, your coins.
• API integration: BSX’s delegated key feature simplifies the use of external trading terminals without exposing your private keys or giving up custody of your funds.

BSX will launch a private testnet in November 2023, welcoming early adopters from its extensive member waiting list of 80,000. The public testnet in January 2024 included 5,000 traders, contributing to a robust total trading volume of $5 billion during that period.

BSX is positioned to compete with major centralized exchanges such as Binance and OKX with its launch of cryptocurrency perpetual trading in April, with other products to follow later this year. Visit bsx.exchange to trade and participate in our upcoming exciting rewards program for new traders, or go to the next page.

Discord Community: https://discord.gg/FWdPe5Vgjr

Twitter: https://twitter.com/bsx_labs

Public document: https://docs.bsx.exchange/bsx-docs

contact

key contributors
Henry N
BSX Protocol Foundation
(email protected)

About the author

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Chainwire is the leading blockchain and cryptocurrency news provider, distributing press releases and maximizing cryptocurrency news coverage.