Renowned decentralized exchange BSX, backed by the Base Ecosystem Fund, has announced it will launch as the world’s premier Continuous Limit Order Book (CLOB) Perpetual Exchange on the Base Layer-2 Blockchain.

Scheduled to commence trading on the Base L2 Mainnet Alpha on April 1, 2024, BSX represents a notable breakthrough in DeFi innovation. It seamlessly merges the strengths of centralized exchanges (CEXs) with the security features of decentralized exchanges (DEXs). Hence, the launch will see BSX providing crypto traders with a redefined trading system.

Backed by a couple of notable investors, including Base Ecosystem Fund, Bankless Ventures, CMS Holdings, and others, BSX has garnered substantial support from industry leaders like Arthur Hayes, the visionary founder and CIO of Maelstrom and co-founder of BitMEX.

BSX Sets to Rival Binance and OKX With Its Revolutionary Features 

BSX aims to deliver the ultimate DeFi trading experience, offering lightning-fast transactions and minimal trading fees while ensuring transparency and security through on-chain settlements. By harnessing the power of the Base network, BSX guarantees unparalleled performance, low gas costs, and user-friendly features, catering to institutional and retail traders alike.

BSX’s core product offerings include low-gas trading, unrivalled performance with high-speed execution, self-custody, transparency through on-chain settlements, and seamless API integrations for external trading terminals.

Having conducted successful Private and Public Testnet phases, with a robust trading volume of $5 billion during the testing period, BSX is now poised to challenge leading centralized exchanges like Binance and OKX. Its launch of crypto perpetual trading in April marks the beginning, with plans to introduce additional products throughout the year.