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About OpenOcean

What is OpenOcean?

OpenOcean is a decentralized exchange (DEX) aggregator. It captures liquidity from different DeFi markets and facilitates cross-chain exchanges. Thanks to its routing algorithm, the aggregator can get the most attractive prices from different exchanges, giving traders low slippage and fast settlement services. Since the aggregator is free to use, users only pay gas and transaction fees on the relevant blockchain and do not pay OpenOcean any fees. The protocol collects data from decentralized and centralized mainstream exchanges. It also draws liquidity from Ether and Layer 2 solutions such as Arbitrum and Optimism, as well as from other blockchains such as BNB Chain, Polygon, Avalanche, Solana, and others. The protocol continues to expand to other blockchains to meet the needs of their communities. Users can place limit orders and participate in the provision of liquidity. In addition, the protocol integrates derivatives products with the goal of launching its own wealth management service. Its API and arbitrage tools can be used to automate trading strategies. The exchange's vision is to create a pure cryptocurrency trading aggregator with greater capital efficiency, connecting the currently fragmented DeFi and CeFi markets. This will allow every investor (regardless of investment size or affiliation) to trade at the best price and use their investment strategies in the cryptocurrency market. Future SaaS tools will provide automated arbitrage strategies and grid trading between centralized and decentralized exchanges to achieve this goal.

Who are the founders of OpenOcean?

The founders of OpenOcean are anonymous and operate according to the core philosophy of exchange decentralization. The exchange is open source and has been audited by security companies like Certik.

When did OpenOcean launch?

OpenOcean launches in July 2021.

Where is OpenOcean located?

The exchange does not have a headquarters or central location because there is no single person leading the project.

Countries with restricted access to OpenOcean

At the time of this writing, there was no information about countries with restricted access to the exchange.

List of tokens supported by OpenOcean

OpenOcean has integrated over 16 blockchains, both EVM-compatible and non-EVM-compatible. As a result, it supports almost all relevant cryptocurrencies.

What are OpenOcean's fees?

The exchange does not charge fees. Users only pay a gas fee and a fee for the different platforms used by the aggregator. For token exchanges through the liquidity pool, there is an across-the-board 0.2% fee, with 0.15% allocated to the liquidity provider and 0.05% deposited in reserves.

Can I use leverage or margin trading on OpenOcean?

OpenOcean does not offer leverage or margin trading.