Kingstown, St. Vincent and Grenadines--(Newsfile Corp. - December 7, 2022) - RocketX is delighted to announce a strategic partnership with Huobi, a leading centralized exchange globally, to enable decentralized access to Huobi's order books with the highest liquidity.
RocketX Partners with Huobi
To view an enhanced version of this graphic, please visit:
RocketX dapp enables crypto traders to save time, money, and assets by accessing significant liquidity sources via one non-custodial platform. The integration of Huobi forms another deep liquidity source which adds to RocketX's already deep liquidity through CEX, DEXs and swap pools.
Decentralized access to the centralized liquidity of Huobi opens up more options to the traders via RocketX as this helps users to take advantage of deeper aggregated liquidity, while still enjoying 100% ownership of their digital assets.
For RocketX, this represents a significant advancement toward the objective of market aggregation since it deepens liquidity sources even more, tightens spreads, and boosts volume.
This integration gives Huobi the opportunity to participate in the DeFi market and have access to a growing user base of traders searching for decentralized alternatives. This gives another point of access to their liquidity rather than losing market share to DEXs. This makes it possible for exchanges to decentralize their liquidity without having to establish their own DEX, saving them time, money, and effort.
RocketX works in collaboration with Huobi to help traders trade on Huobi and still own their crypto with a proprietary routing algorithm
Another stream of revenue for Huobi via RocketX
Increasing Huobi's user base through decentralization
For RocketX and Huobi users, this means decentralized access to Huobi directly from their wallet. Users can trade on Huobi and still have 100% ownership of their digital assets.
To break it down further, the crypto traders will be able to access 540+ Huobi assets in a decentralized manner, directly from their private DeFi wallets. Instead of keeping their tokens on a centralized exchange, users may always access global liquidity from their decentralized wallet via RocketX, without having to lose custody of their tokens.
With the aggregation of Huobi, alongside the existing CEXs, DEXs and swap pools, crypto traders will now have access to even deeper liquidity.
Decentralized access to Huobi liquidity, directly from DeFi wallets
Custody of tokens remains with the user, not with any exchange
No switching between exchanges for the user: RocketX acts as a 1-stop shop with both on chain swaps and 1-click cross-chain swaps
"We are thrilled about the collaboration with Huobi and making their deep liquidity available on RocketX, as well as enabling them in the DeFi space. Integrating Huobi into RocketX bridges the gap between CeFi and DeFi and brings in deeper liquidity for our decentralized traders. We are excited to join hands with Huobi to drive mass adoption of crypto by providing simplified access to global liquidity," says Davinder Singh, co- founder of RocketX.
"We are delighted to announce our partnership with RocketX, a leading hybrid aggregator that simplifies access to liquidity across 250+ CEX & DEX via the most secure UI and APIs, to provide a next-level trading experience and deliver mutual growth for both Huobi and RocketX users," says Huobi Broker Program team at Huobi Global.
Huobi is one of the leading centralized cryptocurrency exchanges for daily volume (~ $0.3bn - $1bn), providing innovative crypto services to its users. It aims to provide everything for traders when it comes to trading and investing, including hundreds of crypto assets and trading pairs. The exchange provides a service for millions of users in over 100 countries and offers trading functionality including spot, margin, futures, options, and more.
RocketX is the most advanced hybrid crypto aggregator that aggregates 250+ leading CEXs and DEXs to help users trade on any exchange while enjoying 100% ownership of their digital assets.
For dApps, RocketX acts as a middleware by simplifying access to global crypto liquidity via a single API for in-app crypto swaps and 1-click cross-chain capabilities
The onboarding of Huobi as a CEX liquidity source marks another significant milestone for RocketX as it continues to build and simplify access to global liquidity.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146743