{"id":437536,"date":"2024-08-08T20:00:15","date_gmt":"2024-08-08T19:00:15","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=437536"},"modified":"2024-08-08T19:48:01","modified_gmt":"2024-08-08T18:48:01","slug":"btse-partners-with-orderly-network-to-launch-btse-dex-2-0","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/btse-partners-with-orderly-network-to-launch-btse-dex-2-0\/","title":{"rendered":"BTSE partners with Orderly Network to launch BTSE Dex 2.0"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">BTSE announced the <\/span><span style=\"font-weight: 400;\">launch of <a href=\"https:\/\/cryptoslate.com\/companies\/btse\/\">BTSE<\/a> Dex 2.0, which introduces cross-compatibility for <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum<\/a> Virtual Machine-based chains and enables trading for over 50 perpetual futures on networks such as Base, <a href=\"https:\/\/cryptoslate.com\/coins\/optimism\/\">Optimism<\/a>, and <a href=\"https:\/\/cryptoslate.com\/coins\/arbitrum\/\">Arbitrum<\/a>.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, BTSE Dex taps into Orderly Network's decentralized exchange protocol, which offers liquidity and cross-chain interoperability to decentralized order books.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTSE CEO Henry Liu said:<\/span><\/p>\n<blockquote><p><strong>\u201cWe'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.<\/strong><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The BTSE Dex is one solution from the suite of products offered by the BTSE Group, a global blockchain technology company. According to <\/span><a href=\"https:\/\/dex.btse.com\/markets\"><span style=\"font-weight: 400;\">its website<\/span><\/a><span style=\"font-weight: 400;\">, the exchange registered over $170 million in trading volume through its perpetual contracts of Bitcoin (<a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">BTC<\/a>), Ethereum (<a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">ETH<\/a>), and Solana (<a href=\"https:\/\/cryptoslate.com\/coins\/solana\/\">SOL<\/a>).<\/span><\/p>\n<p>Orderly Network COO Arjun Aroro said:<\/p>\n<blockquote><p><strong>\u201cBTSE\u2019s 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\u2019s 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.&#8221;<\/strong><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">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 <a href=\"https:\/\/cryptoslate.com\/coins\/dogecoin\/\">(DOGE<\/a>), Injective (<a href=\"https:\/\/cryptoslate.com\/coins\/injective\/\">INJ<\/a>), and Binance Coin (<a href=\"https:\/\/cryptoslate.com\/coins\/bnb\/\">BNB<\/a>).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The total value locked using Orderly's liquidity layer is currently at over $22 million, after a 330% year-to-date rise, based on<\/span><span style=\"font-weight: 400;\">\u00a0DefiLlama <a href=\"https:\/\/defillama.com\/protocol\/orderly-network#information\">data<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.\u00a0 Notably, BTSE Dex taps into Orderly Network&#8217;s decentralized exchange protocol, which offers liquidity and cross-chain interoperability to decentralized order books.\u00a0 Additionally, the Aug. [&hellip;]<\/p>\n","protected":false},"author":1511,"featured_media":437538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,46940,77472,39],"tags":[75597,75253],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BTSE partners with Orderly Network to launch BTSE Dex 2.0<\/title>\n<meta name=\"description\" content=\"The BTSE Dex new version offers cross-chain trading for over 50 perpetual contracts and 50x leverage, tapping Orderly Network infrastructure.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/btse-partners-with-orderly-network-to-launch-btse-dex-2-0\/\" \/>\n<meta property=\"og:locale\" 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