Kai Exchange Integrates Orderly Network to Power Perps Trading on Base
07 Agosto 2024 - 12:17AM
Orderly Network is proud to announce its partnership with Kai
Exchange, a frictionless perps trading platform on Base that
focuses on secure and seamless trading experience. This integration
aims to reinvigorate onchain trading for Kai Exchange users by
delivering an agile and universal perp DEX, leveraging Orderly’s
robust omnichain infrastructure.
With over 400k onchain traders and 70B+ in total trading
volumes, Kai Exchange’s successful integration with Orderly Network
opens up its user base to one of the best liquidity sources for
onchain perps trading in Web3 and delivers an enhanced trading
experience – backed by Orderly’s robust trading infrastructure.
Introducing new perps trading paradigms to its users, Kai
Exchange’s perp DEX launch is exemplified by:
- Seamless onboarding: Traders can
create a Kai Account in under 60 seconds using biometric
authentication, eliminating complex wallet setups and enabling
instant trading access.
- One-click, gasless trading: Users can execute trades
effortlessly with a single click, free from gas fees and multi-step
approvals.
- Mobile access: Traders can access their Kai Account on mobile
devices anytime, anywhere, combining self-custody with advanced
security and passwordless logins.
- Access to unparalleled liquidity: Kai Exchange users can now
access Orderly’s robust omnichain shared liquidity infrastructure
providing traders to trade with minimal slippage, low-latency, and
tighter spreads across 50+ listed assets.
- Streamlined CEX-like trading
experience: Traders can now long or short positions via an
intuitive orderbook interface with superior execution speeds that
mirror CEXs but maintains the sovereignty of DEXs.
Perps positions on Kai Exchange will be settled onchain
alongside trades from other Orderly-supported networks, creating a
truly omnichain trading with integrated support for cross-chain
deposits and withdrawals on any chain, for any asset – without any
bridging involved.
“Our partnership with Orderly enables Kai Exchange to offer a
frictionless perpetual trading experience on Base. By leveraging
Orderly’s infrastructure, we’re able to provide our users with deep
liquidity, optimal pricing, and high-performance, gasless trading.
This collaboration significantly enhances our ability to deliver a
seamless and secure trading environment, aligning perfectly with
our mission.” - Meliksah, CEO, Kai Exchange
While trading becomes more seamless on Kai Exchange, Orderly
will also benefit from increased protocol activity as traders
swiftly conduct trades, leveraging the newfound advantages of
omnichain liquidity, seamless cross-chain deposits and withdrawals,
and a familiar orderbook onchain trading experience.
“One of our primary values is to serve as the foundation for the
rapid development of onchain trading protocols,” said Arjun Arora,
COO, Orderly Network. “Kai Exchange’s perp DEX launch reinforces
this core value of ours as they effectively tap into one of the
largest liquidity sources in Web3. Kai Exchange’s integration
propels us forward in our bid to make DeFi simple to use, yet
comprehensive enough to meet the onchain needs of traders and
builders.”
Enhanced liquidity, competitive fees, and CEX-like performance
sets the stage for an unmatched onchain trading experience for Kai
Exchange users. As Orderly welcomes Kai Exchange into its robust
and ever expanding ecosystem, traders can expect to see more
innovative trading tools, powered by the growing synergy between
Orderly Network and Kai Exchange.
About Orderly Network
Orderly Network is a permissionless liquidity
layer for Web3 trading. Built on omnichain infrastructure, Orderly
enables deep liquidity for any asset across multiple blockchains.
Focused on a future of DeFi that’s open to all, Orderly empowers
developers to fluidly create a comprehensive array of financial
products for any level of trader, without the risks of wrapped
asset movement through cross-chain bridging. Learn more
at orderly.network
For PR enquiries related to this release, please contact
pr@orderly.network
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About Kai Exchange
Kai Exchange is a platform offering perpetual trading on Base.
Launched with a mission to simplify and enhance the trading
experience, Kai provides secure, self-custodial trading. Users can
create accounts in seconds using biometric authentication, execute
trades with a single click, and access their accounts securely from
any device. Kai Exchange prioritizes safety, speed, and user
experience. With its focus, Kai aims to make perpetual trading
accessible and secure for both new and experienced traders.