CoolWallet, the innovative crypto wallet that combines hardware and software in a mobile-first approach, is taking a major step forward through its partnership with Orderly Network. This collaboration will introduce a groundbreaking decentralized exchange (DEX) that allows users to trade perpetual contracts (perps) directly from their wallets.
Not only does this partnership expand CoolWallet’s capabilities beyond simple asset swaps, but it also marks its entry into the world of perp DEXs, built on the robust Orderly Network. By leveraging Orderly Network’s advanced omnichain infrastructure, which is designed for permissionless Web3 trading, CoolWallet aims to enhance the trading experience for its users.
The integration of CoolWallet’s security features with Orderly’s high-performance trading framework will provide users with a seamless and secure trading environment. This environment mirrors centralized exchanges (CEXs) but with the added benefits of on-chain transparency and self-custody of assets.
The collaboration introduces several key features 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 made possible through secure cross-chain deposits and withdrawals, eliminating the need for traditional bridging methods and improving the speed and security of 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 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, 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 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.
In addition to providing benefits to users, this partnership is expected to enrich the Orderly ecosystem. With over 300,000 active users on CoolWallet, the integration brings a substantial number of whale holders into the Orderly ecosystem, boosting volumes and 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.
