IDEX is a decentralized exchange launched in early 2018 that runs on the Ethereum network and has been upgraded to run on layer 2. IDEX provides users with a smooth trading experience, much like trading on centralized exchanges. The latest technology of IDEX allows both liquidity providers and traders to have the best experience.
IDEX creates a system that combines AMM, Order Book, and Trading Engine, allowing users to interact with liquidity pools in a whole new way. When a new order is submitted, the trading engine will automatically match the best limit order combination and aggregate liquidity for execution at the lowest cost.
For traders, IDEX allows instant trades at the best prices and saves on gas fees by allowing for advanced order execution. For liquidity providers, IDEX allows them to earn more fees through higher APY while enjoying attractive liquidity incentives.
IDEX is the primary token of the IDEX exchange, operating on the Ethereum platform according to ERC20 standards. Through the IDEX token, users can directly contribute to and benefit from the IDEX exchange project. So far, IDEX has been present on many of the largest cryptocurrency exchanges globally, such as Binance, BKEX, Pionex, and BHEX.