CoolWallet, a pioneer in combining hardware and software for mobile-centric crypto wallets, is making a significant leap forward with a new partnership with Orderly Network. This collaboration aims to introduce a groundbreaking decentralized exchange (DEX) feature, focusing on perpetual contracts (perps) trading directly from the user’s wallet.
This strategic move not only broadens CoolWallet’s capabilities beyond basic asset exchanges but also marks its debut in the realm of perp DEXs, built on the robust Orderly Network platform. By utilizing Orderly Network’s cutting-edge omnichain infrastructure designed for permissionless Web3 trading, CoolWallet aims to enhance the trading experience for its users.
The integration of CoolWallet’s security features with Orderly Network’s high-performance trading framework promises a seamless and secure trading environment for users. This environment mirrors centralized exchanges (CEXs) but with the added advantages of on-chain transparency and self-custody of assets.
The partnership introduces several key features to enhance the trading experience for CoolWallet users. Notably, users can now engage in integrated omnichain perps trading across multiple chains with up to 50x leverage. This is made possible through secure cross-chain deposits and withdrawals, eliminating the need for traditional bridging methods and improving transaction speed and security.
Additionally, CoolWallet users will benefit from shared liquidity provided by Orderly’s liquidity model, ensuring ample liquidity and tighter spreads across various assets. The collaboration also brings CEX-like execution speeds to CoolWallet users, thanks to Orderly Network’s optimized infrastructure for low-latency and high-frequency trading.
By harnessing Orderly’s advanced omnichain infrastructure, CoolWallet can now offer users a robust platform for perps trading with high leverage across multiple blockchains. The new DEX developed through this partnership will feature an orderbook-based trading interface for spot and perpetual trading, catering to advanced traders.
Michael Ou, CEO of CoolWallet, emphasized the significance of this partnership in offering users a secure and seamless way to engage in high-leverage perps trading across multiple blockchains. This partnership sets a new standard for on-chain trading by combining top-tier security, liquidity, and execution speed.
Furthermore, this collaboration not only benefits CoolWallet users but also enriches the Orderly ecosystem by injecting a substantial number of whale holders into the platform. With over 300,000 active users on CoolWallet, this integration is expected to boost trading volumes and enhance the overall potency of the orderbook DEX infrastructure.
Ran Yi, Co-founder of Orderly Network, highlighted the appeal of Orderly’s orderbook interface for traders prioritizing asset ownership and security. The synergy between CoolWallet’s focus on decentralization and asset security, and Orderly’s commitment to providing institutional-grade decentralized infrastructure, promises a robust and seamless experience for on-chain DeFi trading.