OKX Launches New CeDeFi Trading Feature To Simplify Multi-Chain Access And Self-Custody For Global Users
Cryptocurrency trade OKX has launched a brand new CeDeFi buying and selling function inside the OKX App, designed to simplify entry to decentralized markets on Solana, Base, and X Layer. Users can activate CeDeFi buying and selling inside the utility to right away entry tens of millions of tokens throughout decentralized platforms. The function permits seamless creation of self-custody wallets, giving customers full management over their non-public keys and belongings.
The rollout is reaching tens of millions of customers globally, together with in areas such because the United States, MENA, Southeast Asia, the CIS, and past.
While decentralized token markets proceed to broaden and help new ecosystems and decentralized purposes (dApps), accessing these markets has historically concerned advanced steps, together with establishing a number of wallets, managing native tokens for fuel charges, and bridging belongings throughout blockchains, which might introduce safety dangers, slippage, and inconsistent order execution.
The new interface integration addresses these challenges, offering simple entry to decentralised trade (DEX) markets whereas preserving self-custody. Users can switch their wallets freely utilizing their keys and transfer seamlessly between centralized order books and decentralized markets. After a easy, one-step passkey setup, merchants can entry dwell token knowledge and execute trades with the safety of self-custody and optimized pricing by greater than 100 liquidity swimming pools.
CeDeFi Trading: Introducing Multi-Chain Access, Passkey-Based Self-Custody, And Smart Order Routing
The utility gives a streamlined strategy to decentralized buying and selling by combining simplicity, safety, and multi-chain entry. It allows true self-custody by passkey-based pockets creation, permitting customers to handle their belongings with out the necessity for seed phrases, whereas supporting a broader vary of on-chain tokens than many different options within the US market, together with these on X Layer, Solana, and Base.
The platform provides multi-chain buying and selling, giving entry to tens of millions of tokens from established tasks to rising market movers usually earlier than they seem on centralized exchanges. Users can handle each centralized and decentralized trades inside a single portfolio view, eliminating the necessity to swap between platforms. Smart order routing searches throughout greater than 100 liquidity swimming pools to supply the perfect out there costs in actual time, and self-custody wallets are robotically generated throughout DEX activation for safe and speedy use.
DEXs enable merchants to take part in new token markets at early levels, supporting preliminary worth discovery and positioning forward of wider market exercise. However, CeDeFi buying and selling can contain increased slippage, decrease liquidity, and higher volatility, so customers are inspired to follow cautious threat administration and absolutely perceive market dynamics.
Traditionally, accessing DEX markets required technical effort, together with managing seed phrases, bridging tokens, and dealing with fuel charges, usually creating friction earlier than executing trades. The OKX utility reduces these limitations, letting merchants deal with undertaking fundamentals, tokenomics, and neighborhood analysis.
DEX tokens can now be explored straight inside the utility by visiting the “Explore” web page and deciding on the “DEX” class or by trying to find particular tokens by OKX app’s world search operate.
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