Nekodex Launches Crypto Spot Trading Using Chain Abstraction and More
Taipei, Taiwan, August 7th, 2024
Nekodex, a new on-chain crypto exchange from Perpetual Protocol, is now offering spot trading to users, combining several recent Ethereum usability improvements that reduce the complexity associated with buying and selling cryptocurrencies across multiple blockchains.
Nekodex users can sign up in seconds and start trading without needing to understand or worry about installing wallets, managing gas fees, or bridging between chains. The exchange offers a wide range of tokens from various chains, including Ethereum, Optimism, Base and Arbitrum, and lets users buy and sell with a few taps from their smartphones.
Nekodex positions itself as one of the first on-chain exchanges to combine passkey authentication, account abstraction and chain abstraction, as well as a PWA-based mobile UI. These tools combine to create what the team behind Nekodex are calling “Defi’s iPhone moment”, recalling the iPhone’s innovation combining several existing technologies into a new user experience that ultimately was a hit with a mass audience.
The result hoped for is a new crypto trading experience that is not only easy to use and intuitive, but also gives the end user custody over their funds while greatly increasing security by using passkeys, a new authentication standard that simplifies password management and ensures the credentials can only be used with the correct website. This leads to greatly enhanced security of users’ private keys, preventing loss, phishing attacks and the plethora of social engineering scams that plague the crypto industry.
Nekodex is also Perpetual Protocol’s first foray into the spot trading market. The perpetual futures trading for which the team is originally known will return in a future version, expected to launch in the coming months.
About Nekodex
Nekodex is made by Perpetual Protocol (https://perp.com/) with Nekodex is powered by next-gen web3 technology like chain abstraction, account abstraction, and Perp v3.
For more information about Nekodex, users can visit:
- Website: https://nekodex.org/
- Twitter (X): https://x.com/Nekodex_app
- Discord: https://discord.perp.com/
- Telegram: https://t.me/perpetualprotocol
About Perpetual Protocol
Founded in October 2019, Perpetual Protocol wrote and launched their first derivatives DEX in December 2020. Perp v2 launched in November 2021, and Perp v3 arrived on the scene in 2024. The core contributors are doxxed (https://www.kraken.com/learn/what-is-perpetual-protocol-perp) and one of the oldest in the game. We look forward to building great financial software together for users for many years to come.