Nekodex Launches Crypto Spot Trading Using Chain Abstraction and More
Nekodex, a new on-chain crypto exchange from Perpetual Protocol, is now offering spot trading to users, combining several recent Ethereum usability improvements that reduce the complexity associated with buying and selling cryptocurrencies across multiple blockchains.
Nekodex users can sign up in seconds and start trading without needing to understand or worry about installing wallets, managing gas fees, or bridging between chains. The exchange offers a wide range of tokens from various chains, including Ethereum, Optimism, Base and Arbitrum, and lets users buy and sell with a few taps from their smartphones.
Nekodex positions itself as the first on-chain exchange to combine passkey authentication, account abstraction and chain abstraction, as well as a PWA-based mobile UI. These tools combine to create what the team behind Nekodex are calling “Defi’s iPhone moment”, recalling the iPhone’s innovation combining several existing technologies into a new user experience that ultimately was a hit with a mass audience.
The result hoped for is a new crypto trading experience that is not only easy to use and intuitive, but also gives the end user custody over their funds while greatly increasing security by using passkeys, a new authentication standard which simplifies password management and ensures the credentials can only be used with the correct website. This leads to greatly enhanced security of users’ private keys, preventing loss, phishing attacks and the plethora of social engineering scams that plague the crypto industry.
Nekodex is also Perpetual Protocol’s first foray into the spot trading market. The perpetual futures trading for which the team is originally known will return in a future version, expected to launch in the coming months.
For more information about Nekodex, please visit:
- Website: https://nekodex.org/
- Twitter (X): https://x.com/Nekodex_app
- Discord: https://discord.perp.com/
- Telegram: https://t.me/perpetualprotocol
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
