Meet Crypto IDEX Coin, Belonging to the World’s First Hybrid DEX Platform

Idex combines the performance and features of a traditional order book model with the security and liquidity of AMM. Idex takes an innovative approach to decentralized exchanges by combining an off-chain trading engine with on-chain trade settlement.

According to Coinmarketcap, Idex has an ambitious roadmap envisioning a multi-chain future for the exchange, currently running on Ethereum and the Binance Smart Chain.

Idex plans to launch a second layer solution and Polkadot and implement referencing. For the future, Idex plans to implement leveraged trading and launch additional blockchains at layer one and layer two.

Idex also has its own utility crypto token named IDEX Coin. This crypto is used to support Idex’s ecosystem.

Who is the Founder of Idex?

Idex and IDEX Coin were launched by CEO and co-founder Alex Wearn and his brother and COO Phil Wearn. Alex Wearn previously worked for major companies such as Amazon, IBM, and Adobe and is an alumnus of the Kellogg School of Management.

Phil Wearn has a professional background in accounting with a degree in astronautical engineering and entrepreneurial experience. The management team is complemented by CTO Brian Yennie, a software engineer with over 20 years of experience.

According to Linkedin, the Idex team currently has 29 members. Idex launched in 2017, with version 2.0 launching in fall 2020 after closing an initial USD 2.5 million investment led by G1 Ventures and Borderless Capital, including Collider Ventures, and Gnosis.

What Makes an Idex Unique?

Idex takes a unique approach to combining an order book model with an automated marketplace builder. To execute trades, Idex uses an off-chain trading engine that matches centralized exchange performance and guaranteed sequences.

Trades are processed in an off-chain order book. Only when trades are matched and executed are transactions completed on-chain.

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Speculation of cryptocurrencies especially Bitcoin increased during the pandemic, with high volatility in value allowing people to get rich quick. But the threat of sudden poverty also exists. This has not dampened the interest of the business world and investors to participate in…