FTX to Launch a Decentralized Crypto Exchange
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Popular crypto derivatives exchange FTX has announced it plans to launch a decentralized exchange in the coming weeks.

The platform, which has been dubbed Serum, aims to become a scalable and liquid decentralized exchange (DEX) for derivatives, addressing some of the structural vulnerabilities and limitations in the existing DeFi space.

The exchange will reportedly be able to process up to 50,000 transactions per second, well above the 15 Ethereum can handle.

In terms of scalability, DEX will be able to have an order book on-chain, which according to the project's white paper will improve the liquidity of the exchange.

Serum will be fully interoperable with Ethereum, allowing it to make use of the potential of the existing DeFi market, whose market capitalization has recently exceeded $4B.

In addition, DEX will also have a Bitcoin proxy token, which will allow its users to trade the value of the largest crypto in the market directly on the Solana blockchain.

The platform should be launched in the coming weeks.

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