BSX: The First CLOB Perp Exchange to Launch on Base Layer-2 Blockchain

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

Quick
Take

• 
  BSX,
  backed
  by
  Base
  Ecosystem
  Fund,
  is
  set
  to
  raise
  the
  bar
  as
  the
  world’s
  foremost
  premier,
  high-performance
  decentralized
  exchange,
  offering
  an
  enhanced
  DeFi
  trading
  experience
  that
  provides
  the
  best
  of
  both
  worlds
  by
  merging
  the
  benefits
  of
  centralized
  exchanges
  with
  the
  self-custody
  features
  of
  decentralized
  exchanges.
• BSX
  will
  begin
  trading
  on
  Base
  L2
  Mainnet
  Alpha
  on
  April
  1,
  2024.

Following
the
conclusion
of
its
Public
Testnet
trading
phase
in
Q1,
BSX
–
the
new
standard
in
premier,
high-performance
decentralized
exchanges
(DEXs)
–
is
set
to
begin
trading
on
the
Base
L2
Mainnet
Alpha
on
April
1,
2024.

BSX
is
backed
by
a
number
of
notable
investors,
including
Base
Ecosystem
Fund,
Bankless
Ventures,
CMS
Holdings,
No
Limit
Holdings,
Saison
Capital,
Kyros
Ventures,
WW
Ventures,
among
others.
BSX
is
also
being
advised
by
Arthur
Hayes,
the
founder
and
CIO
of
Maelstrom
and
the
co-founder
of
BitMEX.

BSX
aims
to
provide
the
ultimate
DeFi
trading
experience,
combining
the
liquidity,
premium
UX
and
user-friendly
features
of
centralized
exchanges
(CEXs)
with
the
pricing
and
self-custody
features
of
(DEXs).
By
utilizing
the
Base
network,
BSX
provides
lightning
quick
transactions
and
inexpensive
trading
fees
while
ensuring
transparency
and
accuracy
through
on-chain
settlements.

BSX
also
streamlines
the
interface
and
flow
for
retail
traders,
who
can
conveniently
connect
their
existing
wallets,
enable
one-click
trading,
and
securely
execute
trades
on-chain.
BSX
users
will
be
able
to
access
a
wide
range
of
crypto
products,
including
perpetuals,
spot,
and
more,
all
in
one
place.

Core
product
offerings:

• 
  Low-gas
  Trading:
  Base’s
  transaction
  costs
  are
  minimal
  and
  highly
  optimized,
  enabling
  near
  gas-free
  settlements.
  This
  makes
  the
  total
  trading
  costs
  comparable
  to
  CEXs.
• 
  Unrivaled
  Performance:
  Our
  high-performance
  trading
  engine
  provides
  extremely
  low
  latency
  and
  instant,
  guaranteed
  execution.
  Coupled
  with
  our
  one-click
  instant
  trading
  feature,
  it
  offers
  an
  experience
  akin
  to,
  if
  not
  better
  than,
  CEX
  trading.
• 
  Self-custody
  and
  Transparency:
  By
  settling
  all
  trades
  on-chain,
  BSX
  ensures
  you
  have
  full
  control
  over
  your
  funds
  without
  any
  hidden
  counterparty
  risks.
  Your
  keys,
  your
  coins.
• 
  API
  Integrations:
  BSX’s
  Delegated
  Keys
  feature
  simplifies
  the
  use
  of
  external
  trading
  terminals
  without
  exposing
  your
  private
  keys
  or
  relinquishing
  custody
  of
  your
  funds.

BSX
initiated
its
Private
Testnet
in
November
2023
–
welcoming
early
adopters
from
an
extensive
waitlist
of
80,000
members
–
and
its
Public
Testnet
in
January
2024
included
5,000
traders,
who
contributed
to
a
robust
total
trading
volume
of
$5B
during
the
period. 

BSX
is
positioned
to
compete
with
leading
centralized
exchanges
like
Binance
and
OKX,
with
crypto
perpetuals
trading
in
April,
followed
by
other
products
later
this
year.
Visit

bsx.exchange
to
trade
and
participate
in
the
upcoming
exciting
rewards
program
for
new
traders
and/or
go
to
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
[email protected]