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Orderly Network Introduces Build-Your-Own Perp DEX Platform
['Jamie-Crawley']
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Decentralized exchange (DEX) infrastructure provider Orderly Network introduced a platform for users to launch their own perpetuals DEXs.
"Orderly One" allows a perp DEX to be built in a matter of minutes without requiring the writing of any lines of code, Orderly said on X on Tuesday.
The new service is aimed at decentralized autonomous organizations (DAOs), funds, trading communities and so on who wish to build a revenue stream through crypto trading without relying on a centralized entity.
Perpetual DEXs play a significant role in crypto trading, combining perpetual futures market to a decentralized, permissionless environment.
They allow traders to maintain full self-custody of their funds, eliminating the risk of exchange hacks or insolvency.
['trading'
'decentralized'
'platform'
'dex'
'exchange'
'centralized'
'dexs'
'crypto'
'network'
'orderly'
'buildyourown'
'funds'
'users'
'perp'
'introduces']