CoolWallet Partners with Orderly to Revolutionize Crypto: Introducing On-Chain Perps with Up to 50x Leverage

CoolWallet, known for its innovative blend of hardware and software in a mobile-first approach to crypto wallets, is taking a significant leap forward by partnering with Orderly Network. This collaboration is set to introduce a pioneering decentralized exchange (DEX) offering, focusing on perpetual contracts (perps) trading directly from the user’s wallet.

This move not only expands CoolWallet’s capabilities beyond simple asset swaps but also marks its first venture into the world of perp DEXs, developed on the robust Orderly Network.

This integration leverages Orderly Network’s advanced omnichain infrastructure, 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 are set to experience a seamless and secure trading environment. This environment mimics centralized exchanges (CEXs) but with the added benefits of on-chain transparency and self-custody of assets.

Enhanced Trading Experience with New Features

The collaboration introduces several key features designed to optimize the trading experience for CoolWallet users. One of the standout features is the ability to engage in integrated omnichain perps trading.

Users can now trade perpetual contracts across multiple chains with up to 50x leverage. This is facilitated by secure, cross-chain deposits and withdrawals without the need for traditional bridging methods, enhancing both the speed and security of transactions.

Furthermore, CoolWallet users will benefit from shared liquidity thanks to Orderly’s liquidity model. This model consolidates all orders into a single orderbook, ensuring ample 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, allowing for rapid execution of trades while maintaining the integrity of self-custody and on-chain operations.

Revolutionizing Crypto Trading with Advanced Infrastructure

By harnessing 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. This includes 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, enabling both spot and perpetual trading with a CEX-like execution style suited for advanced traders.

Michael Ou, CEO of CoolWallet, emphasized the significance of this partnership, stating that it allows them to offer a seamless and secure way for users 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.

Moreover, CoolWallet’s user base, which includes several large crypto holders, will now be able to do more than basic swap functions from their wallets. The introduction of seamless spot and perpetual trading, with leverage of up to 50x across multiple assets, significantly enhances the utility of their holdings.

In addition to providing benefits to users, this partnership is set to enrich the Orderly ecosystem as well. With over 300,000 active users on CoolWallet, the integration injects a substantial number of whale holders into the Orderly ecosystem. This addition is expected to boost volumes across the board, enhancing the overall potency 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.