Market Makers Prepare to Migrate to IDEX 2.0 with CEX-Compatible APIs and DEX-Level Security
IDEX, a leading decentralized cryptocurrency exchange (DEX), announced a $2.5 million seed investment led by G1 Ventures and Borderless Capital, including Collider Ventures, and Gnosis, to launch IDEX 2.0, a novel high-performance DEX. The new exchange will combine the speed and features of a centralized exchange (CEX) with the security of a DEX to create an uncompromising trading experience.
“The IDEX team is the first to marry the benefits of decentralized custody with traditional exchange architecture to create a world-class platform in both performance and security.”
Historically, DEXs have lacked liquidity compared to their centralized counterparts, primarily because their design is not compatible with the software and strategies of the largest market makers and liquidity providers. High-latency, driven by on-chain execution, has made it impossible for market makers to quote deep liquidity at tight spreads, while unique technology requirements have made DEXs cost-prohibitive for market makers to support.
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IDEX 2.0 is the first DEX to provide the unique combination of performance and adherence to industry standards, enabling market makers to support the exchange out of the box with their existing systems.
Traders on the IDEX 2.0 platform will benefit from low-latency trade execution, standardized APIs, advanced order types, and a matching engine capable of processing hundreds of thousands of orders per second, a combination of performance and features previously not possible on decentralized exchanges. The API sandbox is now live on testnet, marking the start of a three-phase rollout, with the mainnet launch planned for a few weeks from now. Market makers, algorithmic traders, and anyone else writing software to interact with the exchange can get started today, a process that takes hours, not weeks.
