BYDFi, a global crypto trading platform, has launched MoonX, a new on-chain trading engine designed to make decentralized exchange (DEX) trading easier for users accustomed to centralized exchanges (CEXs). This move represents BYDFi’s new “dual-engine” strategy, combining the best of both CEX and DEX worlds.
Why MoonX? The Evolving Crypto Landscape
The popularity of meme coins, airdrops, and early-stage tokens has fueled the growth of on-chain markets. However, setting up wallets, paying gas fees, and navigating cross-chain transactions can be daunting for CEX users. Meanwhile, CEXs often struggle to offer access to these newer, smaller assets. MoonX aims to solve this by simplifying access to the world of DEX trading.
MoonX: Easy On-Chain Trading for Everyone
MoonX isn’t another exchange or wallet; it’s a streamlined gateway to Web3 trading. It offers the security and familiar interface of a CEX while providing access to the diverse assets available on DEXs.
Imagine you see a hot new meme coin and want to jump in. Normally, this would involve setting up a new wallet, paying gas fees, finding the right contract address, and navigating multiple DEX interfaces. With MoonX, it’s all done through your existing BYDFi account with a single tap.
Key Features of MoonX:
- Access to a Huge Selection: Trade over 500,000 meme coins, aggregating liquidity from platforms like Pump.fun, Raydium, and PancakeSwap.
- Multiple Chains Supported: Currently supports Solana and BNB Chain, with more blockchains planned.
- Built-in Trading Intelligence: Includes smart trading strategies and the ability to copy trades from successful traders.
- Blazing Fast: Millisecond-level execution, perfect for high-frequency traders.
- Robust Security: Uses hybrid custody, meaning you don’t manage private keys but still retain control of your assets. It incorporates advanced security measures like MPC and TEE technology for institutional-level protection. Real-time contract risk scanning is also integrated.
BYDFi’s Dual-Engine Approach
MoonX isn’t just a new feature; it’s the foundation of BYDFi’s new dual-engine architecture. Users can now manage both centralized and on-chain assets within a single account. This combination of liquidity, trading tools, and security aims to make trading early-stage and less-known assets more efficient and accessible.
According to BYDFi Co-Founder Michael, MoonX is designed to create a new standard for Web3 onboarding, making decentralized finance accessible to everyone, not just experts.
About BYDFi
Founded in 2020, BYDFi serves over 1,000,000 users worldwide. They offer a range of services including spot and derivatives trading, copy trading, and now on-chain trading via MoonX. The company has received recognition from Forbes and partnered with Ledger to enhance user security.
Note: This information is promotional material and should be considered as such. Always conduct your own research before investing in cryptocurrencies./p>