DeFi
Xade Finance integrates Orderly to create Composable,
NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) — Orderly Network is proud to announce integration with Xade Finance, a robust super app that combines decentralized finance with traditional financial markets.
With over 100,000 markets traded within the app, users can trade various assets including stocks, cryptocurrencies, currencies, and more.
This integration will allow users to trade perpetual contracts through an omnichain liquidity-equipped order book directly from the Xade super app, further reflecting the growing importance of Orderly’s infrastructure in Web3 and beyond.
Traders can now expect:
Integrated omnichain trading experience:
Traders can seamlessly trade perpetual contracts within Xade’s composable interface, using up to 50x leverage across a wide variety of assets and multiple chains. Perpetual positions on Xade will be settled on-chain alongside transactions from other Orderly-supported networks, including Arbitrum, Polygon, Mantle, and Base. This creates a true omnichain ecosystem with seamless cross-chain deposits and withdrawals.
Liquidity seeded by Omnichain:
Xade can now seamlessly leverage Orderly’s shared omnichain liquidity, where all orders converge on the same order book, ensuring tighter spreads and low slippage during trades. With over $40 billion in total trading volume and an average daily trading volume of $1 billion, Xade users leverage one of the largest sources of perpetual liquidity in DeFi.
Ultra-fast trade execution:
Traders on ‘chain transparency.
Simplified user interface:
Orderly’s Central Limit Order Book (CLOB) infrastructure will offer an intuitive interface that simplifies trading for beginners and professional traders on Xade.
The integration of Orderly-powered DEX infrastructure with Xade Finance further enhances the capabilities of the Xade super app, expanding trading options for users through the infusion of multi-chain perpetual functions and spot functions. This immediately propels Xade to the top of multi-market asset trading applications, providing composable and simplified access to TradFi and DeFi.
“Our goal at Xade is to become the Robinhood of DeFi, offering the best of DeFi bundled across all chains. Our futures offering, powered by Orderly’s Omnichain infrastructure, is designed to provide unparalleled efficiency, liquidity and accessibility. This is a major milestone in our journey to bring mass adoption to DeFi,” said Harshal Madnani, Founder, Xade Finance.
Xade Finance offers seamless integration and offers over 100 funds deposit methods in over 90 countries. It also provides access to 100,000 markets covering crypto, stocks, forex, commodities and other global markets, offering non-custodial trading. Additionally, it combines AI-based portfolio management, market analysis tools, real-time news and advanced charting options. With upcoming features/updates such as Web2 login and smart accounts, transactions displayed in regional currency, seamless on/off ramp and an upcoming mobile app, Xade is positioned as an innovative platform for frictionless DeFi trading.
The combination of Xade Finance’s ultimate trading super app and Orderly’s robust permissionless omnichain trading infrastructure is expected to herald a new wave of DeFi omnichain trading experience.
The Orderly integration is poised to further enhance these expanded offerings by infusing omnichain perpetuals and spot trading with significant liquidity across major EVM and non-EVM chains including Arbitrum, Base, NEAR, Polygon, and Mantle . Orderly will also facilitate near-instant cross-chain asset transfers to fully maximize marketplace trading experiences.
“Orderly’s Northstar aims to make using DEX as easy as CEX,” said Arjun Arora, COO, Orderly Network. “By integrating Orderly’s omnichain DEX infrastructure into Xade’s super app, we are heralding a new era of Web3 integration where TradFi traders can move to DeFi seamlessly and hassle-free.”
Orderly is quickly gaining popularity among DeFi builders as a leading infrastructure for quick startup and deep omnichain liquidity. The integration of Xade Finance is another testament to this assertion.
About the ordered network
Orderly Network is a combination of order book-based trading infrastructure and a robust liquidity layer offering perpetual spot and futures order books. Unlike traditional platforms, Orderly has no front-end; instead, it operates at the heart of the ecosystem, providing essential services to projects built on top of it.
Orderly Network’s white-label DEX solution is carefully designed to save builders time and capital while providing access to our bootstrapped liquidity. Imagine having the best features of CEX while keeping on-chain settlements and maintaining full self-custody.
With Orderly, anyone can build a trading app with our seamless plug-and-play experience leveraging our liquidity and composability.
Looking ahead, Orderly Network’s big vision is to create an omnichain protocol, connecting traders from EVM and non-EVM chains within the same order book.
For more information, users can visit Orderly Network: Official site | Twitter | Telegram | Discord | Linkedin
Contact
Orderly Network PR Team
pr@orderly.network