SoSoValue Launches 'SoDEX' on Proprietary L1 Chain with Perpetual Futures Support

On the first day of the month, cryptocurrency data analytics firm SoSoValue unveiled its own decentralized exchange (DEX), SoDEX. This platform allows trading in cryptocurrencies, including Bitcoin (BTC), as well as commodities, stocks, and index perpetual futures. SoSoValue has stated that traditional finance, centralized exchanges, and early-stage DeFi (decentralized finance) have all failed to provide an efficient, secure, transparent, and user-empowered asset sovereignty trading environment. Aiming to resolve these issues, SoSoValue has developed its own Layer 1 blockchain, known as Value...