BlueHelix (BHEX) launches HDEX, the first exchange to support decentralized cross-chain trading

Jul 12, 2021 08:00 JST

Source: BlueHelix

SINGAPORE, Jul 12, 2021 - (JCN Newswire) - BlueHelix Group (BHEX) has launched HDEX, the world's first decentralized trading platform to support cross-chain deposit/withdrawals of any asset, on July 8, 15:00 (UTC+8). HDEX is the perfect landing for BlueHelix' decentralized financial layout and will empower the BHEX centralized trading platform, BHEX Cloud SaaS and whitelabel solutions, and BHEX Chain, the ecological sectors of BlueHelix Group.

HDEX exchange is based on BHEX Chain technology, the patented Bluehelix decentralized private key generation technology. It overturns CEX and the traditional DEX model, supporting arbitrary linkage and trading among heterogeneous and homogeneous chains, and is fully compatible with various cross-chain technologies and standards, providing a technical foundation for HDEX to change the business logic of digital asset trading platforms.

Through HDEX, users can realize "decentralized and cross-chain safe asset deposit and withdrawal, the swap and circulation of any trading pair on-chain, and the rapid transfer of assets between any public chains, truly realizing a complete cross-chain DEX model."

The innovation and integration of DEX + CEX
In the process of digital currency trading in a centralized exchange, the exchange is responsible for the entire transaction process such as custody of funds, providing liquidity, matching transactions, and delivery and clearing. The platform has the absolute right and controls the user's asset security, users are in a weak position.

With the development of DeFi, DEX has risen rapidly, solving many problems of centralized exchanges: Asset ownership risk: Users do not need to hold assets in CEX, and assets will be under their own control; Regulatory risk: Unable to be supervised by government and not affected by policies; and Trading risk: Users do not need to worry about counterparty and transaction fraud and other issues.

DEX makes up for the deficiency of CEX and meets the actual needs of users. Currently, the market capitalization of some DEX platforms has surpassed CEX, along with the continuously growing trading volume and daily active users.

However, DEX in the market is built on a single public chain and deployed via smart contracts, such as Uniswap on Etherum, MDEX on HECO and Pancake on BSC, or the Layer2 mode on Etherum, such as Loopring and Zkswap, while it: Does not support swap between Native tokens and mainstream assets like BTC; Most are based on the AMM model but not OrderBook model; Low Asset trading efficiency and higher gas fees; Unable to realize the liquidity combination between cross-chain assets nor achieve liquidity sharing between DEXs.

HDEX has been committed to changing the existing problems of DEX and CEX since establishment, while perfectly integrating the advantages of the two. Through HDEX, users can share the liquidity and depth of any trading pair on any chain, enjoying the trading experience of a centralized exchange, with better user privacy and asset security.

HDEX also announces the Global Ambassador Recruitment Program, and we welcome all global partners to join. As a member of the BHEX ecosystem, HDEX is expecting a bright future with the full recourse, technology, and management support of the Bluehelix Group.

For more information:
Elsa, hdex@bluehelix.com
HDEX Official: https://hdex.bhexchain.com/
HDEX Telegram: https://t.me/hdexofficial
HDEX Twitter: https://twitter.com/HdexOfficial
BHEX Chain: https://www.bhexchain.com/
BHEX Exchange: https://www.bhex.com/

About HDEX
HDEX is an easy and high-speed cross-chain decentralized trading platform that supports the cross-chain withdrawal and deposit of any assets. It is based on the BHEX Chain OpenDEX protocol and supports both AMM and Orderbook modes, to provide crypto users with a decentralized trading experience. Official website: https://hdex.bhexchain.com.

About BHEX Chain
BHEX Chain is based on cryptographic technology-based cross-chain support, combined with cryptographic tools such as elliptic curve digital signatures, zero-knowledge proofs, and trusted multi-party computing, to achieve the cross-chain private keys custody and the distributed private key generation and signatures on all core nodes. Official website: https://www.bhexchain.com

About BHEX
BHEX is the world's leading technology-driven crypto asset trading platform, jointly invested by Huobi, OKEx and 56 first-class institutions. After nearly two years of smooth operation, BHEX is now able to provide customers with spot, contract, OTC, options and staking products and services, with additionally first-tier liquidity of mainstream currency and contract trading on the platform.

BHEX business also includes BHEX white label brokers and BHEX Chain. Among them, BHEX white label brokers enable its partners to start the exchange business at low cost. BHEX Chain has decentralized cross-chain custody technology to assist the transparency of exchange assets and expand the application ecology of third-party public Chain. Official website: https://www.bhex.com

Media Contact
Elsa, hdex@bluehelix.com
Official Website: https://hdex.bhexchain.com/
Telegram: https://t.me/hdexofficial
Twitter: https://twitter.com/HdexOfficial

Source: BlueHelix
Sectors: Crypto, Exchange, Blockchain Technology