Singapore, Singapore, September 16th, 2024, Chainwire

ALEX (Automated Liquidity Exchange) is proud to announce the launch of ALEX V2, a new platform designed to advance Bitcoin finance by addressing key challenges faced by traders, liquidity providers, and the broader Bitcoin ecosystem. Building on the success of ALEX V1, ALEX V2 merges Automated Market Making (AMM) with order book trading and integrates XLink, a cross-chain liquidity protocol, to provide a seamless trading experience across Bitcoin Layer 2 (L2) networks.

ALEX V2 is designed to empower Bitcoin holders with a permissionless and decentralized trading environment, eliminating the complexities of centralized exchanges and fragmented liquidity. The platform introduces innovative solutions, including a liquidity hub that supports both AMM and order book models, cross-chain trading simplification through Bitcoin-Centric Chain Abstraction, and native BTC trading without the need for wrapped tokens.

“We’re excited to bring ALEX V2 to the Bitcoin community,” said Rachel Yu, co-founder of ALEX. “ALEX V2 solves the pain points of liquidity fragmentation and inefficient trading, enabling users to experience a new level of efficiency and simplicity in Bitcoin DeFi. Upgrading ALEX to V2 has been amazing because it let us add the features we thought were missing and our users were clamoring for,” said Chan Ahn, CTO.

Key Features of ALEX V2:

• Unified Bitcoin Liquidity: ALEX V2 aggregates liquidity across Bitcoin L2s using XLink, centralizing BTC/USDT liquidity to streamline trading.
• Advanced Trading Tools: The integration of AMM and order book models provides traders with precision, while single-sided liquidity provision lowers barriers for liquidity providers.
• Seamless Cross-Chain Trading: Users can trade using a single Bitcoin wallet, simplifying cross-chain transactions without managing multiple wallets or chains.
• Yield-Bearing Assets: LISA, the staking platform, introduces yield-bearing Bitcoin and stablecoin assets, expanding opportunities for BTC holders.

As the Bitcoin economy continues to grow and centralized exchanges face increasing regulatory pressure, ALEX V2 offers a decentralized alternative tailored to meet the evolving needs of Bitcoin traders and liquidity providers. The platform’s comprehensive approach ensures that all roads on Bitcoin lead to ALEX.

About ALEX 

ALEX is the first and largest platform to offer a full range of DeFi services on Bitcoin, combining its security with Layer 2 smart contracts for fast, secure transactions. ALEX offers a suite of DeFi tools, including a DEX, bridge, Bitcoin oracle, and Launchpad, to enable the creation of best-in-class financial apps on Bitcoin. ALEX leads in Bitcoin DeFi and optimizes liquidity across Bitcoin's layers.

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