IDEX Closes $2.5M Seed Funding for Decentralized Exchange

IDEX,  announced a $2.5 million seed investment led by G1 Ventures and Borderless Capital, including Collider Ventures, and Gnosis, to launch IDEX 2.0, a novel high-performance DEX.

Historically, DEXs have lacked liquidity compared to their centralized counterparts, due to their design not being compatible with the software and strategies of the largest market makers and liquidity providers.

IDEX 2.0 is the first DEX to provide performance and adherence to industry standards, enabling market makers to support the exchange out of the box with their existing systems.

“We are thrilled to have the support of industry expert investors to help fuel IDEX 2.0’s growth. Our investors share our understanding that market makers and algorithmic traders are key to our success. Attracting this group requires us to deliver an entirely new product that offers centralized exchange features and performance paired with decentralized security. We’re extremely excited to deliver that with IDEX 2.0, the first DEX that doesn’t sacrifice performance for security.”
Wearn, IDEX co-founder and CEO.

IDEX  marries decentralized custody with traditional exchange architecture to create a performance-based secure platform.

Traders on the IDEX 2.0 platform will benefit from low-latency trade execution, standardized APIs, advanced order types, and a matching engine capable of processing hundreds of thousands of orders per second bringing bot capabilities to decentralized exchanges.

“G1 Ventures is proud to support IDEX in its pursuit of a new generation of high-performance DEXs, complementing our portfolio of digital asset infrastructure investments which, among other verticals, is focused on non-custodial fintech solutions,”
“The IDEX team is the first to marry the benefits of decentralized custody with traditional exchange architecture to create a world-class platform in both performance and security.” Eldar Khamitov, Investment Director at G1 Ventures.

The API sandbox is now live on testnet, with the mainnet launch planned for a few weeks from now.

Anyone else writing software to interact with the exchange can get started today!

“In addition to a quality team and industry-leading product, IDEX also represents a unique investment opportunity via their IDEX token,”
Founder and Managing Partner at Borderless Capital. “This asset not only helps secure the layer-2 network, enabling IDEX to match centralized exchanges in throughput, but also allows stakers to earn a percentage of the trade fees. Stakers earn ETH for their work, rather than IDEX tokens, a more sustainable model that doesn’t rely on short-term asset inflation to create incentives.”
David Garcia

Market makers and algorithmic traders can access IDEX’s API documentation and prepare to go live with the new exchange on launch day.