CoolWallet, renowned for its innovative combination of hardware and software in a mobile-first approach to cryptocurrency wallets, is embarking on an exciting new venture by joining forces with Orderly Network. This partnership aims to introduce a groundbreaking decentralized exchange (DEX) offering that focuses on perpetual contracts (perps) trading directly from the user’s wallet.
By teaming up with Orderly Network, CoolWallet is not only expanding its capabilities beyond simple asset swaps but also venturing into the world of perp DEXs, built on the reliable Orderly Network. This integration harnesses Orderly Network’s advanced omnichain infrastructure, which is designed for permissionless Web3 trading, to enhance the trading experience for CoolWallet users.
By combining the security features of CoolWallet with the high-performance trading framework of Orderly, users can expect a seamless and secure trading environment. This environment replicates centralized exchanges (CEXs) but with the added advantages of on-chain transparency and self-custody of assets.
The collaboration introduces several key features that are designed to optimize the trading experience for CoolWallet users. One standout feature is the ability to engage in integrated omnichain perps trading. Users can now trade perpetual contracts across multiple chains with leverage of up to 50x. This is made possible through secure, cross-chain deposits and withdrawals without the need for traditional bridging methods, resulting in faster and more secure transactions.
Additionally, CoolWallet users will benefit from shared liquidity thanks to Orderly’s liquidity model. This model consolidates all orders into a single orderbook, ensuring sufficient liquidity and tighter spreads across various assets.
The partnership also brings CEX-like execution speeds to CoolWallet users. Orderly Network’s infrastructure is optimized for low-latency and high-frequency trading, enabling rapid execution of trades while maintaining the integrity of self-custody and on-chain operations.
By leveraging Orderly’s state-of-the-art omnichain infrastructure, CoolWallet can now offer its users a robust platform to trade perps with high leverage across multiple blockchains, including major EVM-compatible chains like Arbitrium, Polygon, Optimism, Base, and others.
The new DEX developed through this partnership will provide CoolWallet users with an orderbook-based trading interface, allowing for both spot and perpetual trading with a CEX-like execution style tailored to advanced traders.
Michael Ou, CEO of CoolWallet, emphasized the significance of this partnership, stating that it enables them to offer users a seamless and secure way to engage in high-leverage perps trading across multiple blockchains. This sets a new standard for on-chain trading by combining top-tier security, liquidity, and execution speed.
Furthermore, this partnership not only benefits CoolWallet users but also enriches the Orderly ecosystem. With over 300,000 active users on CoolWallet, the integration brings a significant number of whale holders into the Orderly ecosystem. This addition is expected to boost trading volumes and enhance the overall effectiveness of the orderbook DEX infrastructure.
Ran Yi, Co-founder of Orderly Network, highlighted the appeal of Orderly’s orderbook interface for traders who prioritize asset ownership and security. The synergy between CoolWallet’s focus on decentralization and asset security and Orderly’s commitment to providing institutional-grade decentralized infrastructure promises a robust and seamless experience for on-chain DeFi trading.
