DEX BSX, a perpetual futures contract, has launched a public beta version on the Base Chain
2024-04-01 18:30:06
BSX is an Unmanaged Limit Order Book (CLOB) decentralized exchange (DEX) for perpetual futures contracts, built on the second layer chain Base of Coinbase and supported by the Base ecosystem fund, with advice from BitMEX founder Arthur Hayes. A public beta version has been launched on the main website. The team stated that BSX's goal is to compete with leading centralized exchanges (CEX) by providing low-cost trading and CEX like trading performance (10 millisecond order matching), while giving users complete self custody rights. The birth of BSX originated from the turmoil and collapse of FTX, and the founder of BSX witnessed this firsthand while working at Coinbase, Jump, Kraken, and FalconX. BSX's public testing network has received strong attention, with trading volumes exceeding $5 billion and over 4000 independent traders.
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