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BTSE DEX is a hybrid DEX. It is decentralized in that it doesn’t fall under a specific geographical or legal jurisdiction, and offers KYC-free trading.

The trades on BTSE DEX are matched by Orderly Network, a permissionless, decentralized exchange protocol built on NEAR Protocol. This, combined with Orderly’s network of market makers, enables BTSE DEX to offer much deeper liquidity than other DEXs, enabling tighter spreads and minimizing slippage for traders.

This is in contrast to most decentralized exchanges, which facilitate peer-to-peer trading by relying on automated smart contracts.

BTSE DEX is unique in that Orderly’s order book infrastructure enables it to offer decentralized trading meshed with the sophisticated user experience of a centralized exchange, including spot order book trading and a user interface similar to that of a centralized exchange.

Users can also trade while maintaining self-custody of assets by using NEAR-based wallets. Users simply need to connect their wallet to BTSE DEX to start trading. MyNearWallet, Sender Wallet, Brave Wallet, and more options are currently supported.

We do not allow permissionless listing of tokens. This is partly due to the many listing scams and pump-and-dumps that are prevalent in the DeFi space. Currently, all token listings must be approved by BTSE DEX and Orderly Network. In the future, token listings may take place based on community proposals.

Additionally, BTSE DEX cannot be integrated into other platforms.

Orderly Network is a permissionless, decentralized exchange protocol built on NEAR Protocol. It makes markets for all trades handled by BTSE DEX, and provides the infrastructure and environment needed for BTSE DEX to operate.

Orderly Network is the backbone of many other decentralized exchanges built on NEAR. Its ecosystem is vast and enables strong liquidity. Orderly Network is building a strong ecosystem for NEAR Protocol and projects built on NEAR, and we are excited to be working with them on this endeavor.

Order books enable full transparency for the bids and asks that are submitted by traders seeking to make a trade. This way, you can see how your orders are being handled and executed.

BTSE DEX offers low fees. All trades are transparent, as they are facilitated by an order book.

Additionally, BTSE DEX will be releasing new features and benefits, including perpetual futures trading, community-driven token listings, trading competitions, and opportunities to earn trading rebates.

To begin trading on the BTSE DEX, all you need to do is connect your NEAR wallet to the BTSE DEX interface. This way, your trades will be funded using the assets stored in your wallet.

It’s important to keep in mind that BTSE DEX does not provide custody of your assets. Instead, your assets must be stored in a NEAR wallet, and trades are executed from that wallet. You can use Rainbow Bridge to transfer your assets from the Ethereum or Aurora networks to NEAR. A walkthrough can be found here.

BTSE DEX will list 7 tokens to start, including SOL, MATIC, BNB, APT, and others. It’s important to note that these are wrapped versions of the original tokens on NEAR Protocol. All are traded against USDC.

To list a token on BTSE DEX, you need to submit a request and provide the necessary documents. Once we receive your request, we will review it with Orderly Network to determine whether the token can be listed. It’s important to note that Orderly’s market makers must agree to provide liquidity for the new token.

BTSE DEX will be enhanced with the integration of Rainbow Bridge, allowing users to transfer assets between the Ethereum, Aurora, and NEAR networks with minimal fees. The only cost involved will be gas fees. To learn more about transferring assets between the Ethereum, Aurora, and NEAR networks, visit this walkthrough.

The roadmap for BTSE DEX includes various features, such as perpetual futures trading, community-driven token listings, trading competitions, and opportunities to earn trading rebates. Additionally, there will be other benefits that are tied to the BTSE token within the BTSE DEX ecosystem.

We are exploring the possibility of adding bridging support for other protocols.

We also plan to list other tokens built on NEAR Protocol and create a launchpad for these projects.

At present, we do not provide an interface for API traders. However, it is possible that we may introduce one in the future.

Unsettled P&L is the profit or loss you’ve accumulated but hasn’t yet been converted into ‘balance’. It can be used as margin for trading. On the other hand, unrealized P&L refers to potential profit or loss based on current market values that haven’t been “locked in” yet. The two are independent of each other.

For the sake of resilience, every action impacting your balance has a direct link on-chain. This ensures that even if the off-chain system isn’t maintained anymore, users can confidently retrieve their full balance from the smart contract.

Please note: For safety and system efficiency, there’s a rate limit in place. Users can interact with this on-chain function once every 10 minutes.

We currently only accept USDC as collateral for futures trading.