A new player has entered the decentralized exchange (DEX) arena, and it’s looking to disrupt the status quo.
BSX has officially launched on the Base L2 Mainnet Alpha, boasting a feature set that bridges the gap between centralized and decentralized exchanges.
Backed by a roster of prominent investors and advised by industry veterans like Arthur Hayes, co-founder of BitMEX, BSX is poised to become a significant contender.
What Makes BSX Different?
BSX is not just delivering another DEX experience unlike every DEX out there. It targets explicitly pain points faced by DeFi users, combining the strengths of both CEXs and DEXs:
1. Leave Expensive Gas Fees Behind BSX can build on this by taking advantage of low Base network transaction fees, which are almost zero in settlement charges.
The cost of the user transaction falls as low as centralized exchanges, as both transactions are equally cheap.
2. Speed Matters: The BSX’s X-engine trading system, which provides low latency and instant, guaranteed execution, is the main feature of the BSX.
Together with their one-click trade, these two factors make them a better place for a crypto trader.
3. Stay In Control of Your Assets: SDBSX is the opposite of centralized exchanges, where you give away your custody of funds. You can use self-custody in this exchange.
Every trade is executed in a p2p network, you will have complete control over your crypto assets, and the counterparty risks will be eliminated, which will occur only on the chain.
4. Trade How You Want: BSX provides Delegated Keys functionality that enables access to trade platforms.
It does this in a way that keeps the process simple but also provides you with the security you need for trading on the platforms you prefer.
BX vs. The Big Guys
BSX sets its sights on becoming a significant competitor to leading centralized exchanges like Binance and OKX.
They’re kicking things off with crypto perpetual trading starting in April, with plans to roll out additional products throughout the year.
You can also join their Discord community through here.
The launch of BSX marks a significant development in the DeFi space. By offering a potentially faster, cheaper, and more secure trading experience with a focus on self-custody, BSX could very well be a game-changer for cryptocurrency enthusiasts.
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