Demex forges Integration with Portal DEX for Seamless Cross-Chain Trading
Demex, a decentralized exchange (DEX) built on Cosmos, today announced its integration with Portal Defi, the world’s first Bitcoin AMM using atomic swaps. The partnership will simplify cross-chain trading of BTC native assets and enhance liquidity across Bitcoin and Cosmos decentralized finance (DeFi) protocols. This integration marks a significant milestone in bridging assets and communities between the two platforms.
“We are thrilled to partner with Portal to enable users to atomic swap their native BTC into Demex to trade perps easily without any centralized third parties." - CJ, CSO of Demex
Portal DEX will integrate the $SWTH token, enabling users to trade it seamlessly against native BTC and BTC-native assets with just one click. Leveraging atomic swaps, this integration ensures trustless transactions and enhances accessibility to the opportunities on Bitcoin, for $SWTH holders. Additionally, Portal DEX will incorporate Carbon’s native USD stablecoin (USC) into its platform, facilitating seamless trading against native BTC, BRC20, ERC20, and other cross-chain assets. On the Portal side, this integration expands the range of tradable assets for Portal users and increases the liquidity of the Portal DEX Network.
“The integration with Demex marks a significant stride in our mission to foster a more interconnected and accessible DeFi ecosystem on Bitcoin. By uniting our liquidity and assets, we’re empowering users with enhanced wealth creation opportunities via seamless and secure cross-chain trading," said Dr. Chandra Duggirala, CEO & Co-Founder of Portal.
About Portal DeFi
Portal, conceived by a team of veteran Bitcoin and AI engineers, is dedicated to empowering financial self-sovereignty. The Portal Cross-Chain DEX Network is designed to match the speed, liquidity and user experience of centralized exchanges while eliminating the inherent custody risks of bridges and CEXs. Portal is backed by Coinbase Ventures, Arrington Capital, OKX Ventures, Gate.io and many other prominent investors. For more information, visit https://portaldefi.com, X (Twitter), Discord, Medium and Telegram
About Demex
Decentralized Mercantile Exchange, or Demex, is a cross-chain platform, supporting features from spot, perpetuals, and futures markets, as well as a cross-chain money market. Demex runs on the Carbon blockchain, a blockchain built for DeFi and trading with up to 10k TPS that uses the Tendermint consensus, so its trading engine is fully decentralized, MEV-resistant, and fair.
For more information visit https://dem.exchange/, Twitter (X), Telegram, Discord.
