Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list VRTX (Vertex Protocol) on Dec 25, 2023 (UTC). The details are as follows.
List Time
1. Deposit: 08:00 on Dec 25, 2023 (UTC)
2. Withdrawal: 08:00 on Dec 25, 2023 (UTC)
3. Trading pair: VRTX/USDT
4. Opening method: Call Auction
a. Call Auction
08:00-09:50 Dec 25, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Dec 25, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Dec 25, 2023 (UTC)
About VRTX
Vertex is powered by a hybrid unified central limit order book (CLOB) and integrated automated market maker (AMM), whose liquidity is augmented as positions from pairwise LP markets populate the orderbook. Gas fees and MEV are minimized on Vertex due to the batched transaction and optimistic rollup model of the underlying Arbitrum layer two (L2), where Vertex’s smart contracts control the risk engine and core products.
Vertex boasts extremely low-latency trading and effective liquidity utilization across a broader range of DeFi assets as a byproduct of its hybrid orderbook-AMM design. The off-chain sequencer architecture also helps to minimize the Miner Extractable Value (MEV) characteristic of Ethereum L1 while enabling lightning-fast trading.
About Automated Market Making (AMM)
AMM is supported for the VRTX/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Dec 25, 2023
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