BSX: The Trailblazer CLOB Perpetual Exchange Debuting on Base Layer-2 Blockchain

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

Quick Take

• BSX , backed by the Base Ecosystem Fund, aims to set a new benchmark as a premier decentralized exchange that prioritizes high performance. This platform is designed to elevate the DeFi trading experience by effectively combining the advantages of centralized exchanges with the benefits of self-custody often associated with decentralized exchanges.
• BSX will officially kick off trading on the Base L2 Mainnet Alpha starting April 1, 2024.

After successfully wrapping up its Public Testnet trading phase in the first quarter, BSX, a name that represents a new paradigm for high-performance decentralized exchanges (DEXs), is ready to commence trading on the Base L2 Mainnet Alpha on April 1, 2024.

BSX is backed by several prominent investors including the Base Ecosystem Fund, Bankless Ventures, CMS Holdings, No Limit Holdings, Saison Capital, Kyros Ventures, WW Ventures, and others. Arthur Hayes, the founder and CIO of Maelstrom and co-founder of BitMEX, is also lending his expertise as an advisor.

BSX's mission is to deliver the ultimate DeFi trading experience by merging the liquidity, superior user experience, and user-friendly aspects of centralized exchanges (CEXs) with the competitive pricing and self-custody features characteristic of decentralized exchanges (DEXs). Leveraging the Base network facilitates lightning-fast transactions and competitively low trading fees, while ensuring transparency and accuracy through on-chain settlements.

BSX goes the extra mile to create a seamless experience for retail traders, allowing them to easily link their existing wallets, utilize one-click trading, and securely perform trades on-chain. Users will have access to a comprehensive array of cryptocurrency products, such as perpetuals and spot trading, all within a single platform.

Core product offerings:

• Low-gas Trading: With remarkably low transaction costs, Base ensures near gas-free settlements, making total trading expenses highly comparable to those found in centralized exchanges.
• Unmatched Performance : Our advanced trading engine guarantees extremely low latency and immediate execution. With the added advantage of our one-click trading feature, traders can enjoy a user experience that rivals, if not surpasses, typical centralized exchange trading.
• Self-custody and Transparency : By executing all trades directly on-chain, BSX guarantees that users maintain complete control over their funds, eliminating any hidden risks associated with counterparty interactions. Your keys mean your coins.
• API Integrations : The Delegated Keys feature of BSX simplifies access to external trading platforms without compromising your private keys or losing custody of your assets.

Initiating its Private Testnet in November 2023, BSX welcomed early participants from a robust waitlist of 80,000. Its Public Testnet launched in January 2024, engaging 5,000 traders and collectively generating a trading volume of $5 billion during that period. 

BSX is gearing up to stand toe-to-toe with industry giants like Binance and OKX, set to introduce crypto perpetuals trading in April followed by additional offerings later this fiscal year. Visit bsx.exchange for trading opportunities and to join the upcoming rewards program tailored for new traders, or check out the following:

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

Twitter: https://twitter.com/bsx_labs

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

Contact

Core Contributor
Henry N
BSX Protocol Foundation