We’re constantly adding to and improving Tacen Exchange – the world’s first hybrid decentralized exchange (hDEX) offering a blend of CEX and DEX features. As a powerful hDEX, Tacen Exchange allows traders to enjoy the security and affordability of a CEX, while keeping the safety and security of a DEX. This best-of-both-worlds approach is unique to Tacen Exchange and is already attracting quite a bit of attention in this early stage.
Our upcoming addition to Tacen Exchange is perhaps our most monumental yet: Cross-Chain Pairing.
With Cross-Chain Pairing, users are finally able to make trades across different blockchains by tapping into Tacen Exchange’s centralized orderbook.
Here’s how that works:
Tacen Exchange users never need an account to use the hDEX, they simply need to connect a wallet that they have custody of to our exchange. Once connected, they can deposit funds into a non-upgradeable smart contract that only they have the keys to – meaning they maintain constant custody of their assets at all times.
Once funds are in this smart contract, they can be used to make cross-chain trades with other users. When a trade is lined up, it will be automatically executed by the smart contracts, depositing the correct blockchain’s token into the correct user’s wallet.
Cross-Chain settlements on the hDEX are facilitated by Project TXA’s Decentralized Settlement Layer (DSL), which represents a new standard of settlement that protects trader funds, creates community opportunity through Settlement Data Provider (SDP) participation, and is able to compute transactions at the microsecond level.
In other words, Tacen’s Exchange – the world’s first hDEX – is becoming one of the few exchanges to offer Cross-Chain Pairing. When you add in our users’ ability to keep custody of their funds at every stage of their trading experience, you can see why Tacen Exchange is unlike any other trading experience in the world.
Currently, Tacen Exchange offers one Cross-Chain Pairing via BNB<>ETH. The next Cross-Chain Pairing will be MATIC<>ETH, and we anticipate this pairing to go live very soon.
New to Tacen and wanting to learn what it’s all about? Be sure to follow us on Twitter to catch the latest updates and join our Discord community to meet the team and make friends. We love to give crypto to our community, and staying active on our Twitter and in our Discord server are the best ways to be the first in line.
Welcome to Tacen – how crypto was meant to be.