KAIA launches 'AlphaSec'…enters decentralized exchange market

Source
JOON HYOUNG LEE

Summary

  • KAIA announced the launch of the decentralized exchange (DEX) 'AlphaSec'.
  • AlphaSec mentioned CEX-level performance and the launch of up to 5x margin trading and perpetual futures derivatives.
  • KAIA said AlphaSec will aim for 100,000 TPS and serve as a liquidity engine for stablecoin trading.
KAIA(KAIA) logo. Photo=KAIA
KAIA(KAIA) logo. Photo=KAIA

KAIA, launched by integrating the blockchain business units of Kakao and Naver Line, is entering the decentralized exchange (DEX) market.

On the 4th (local time), KAIA announced via its official X account that it has launched the decentralized exchange 'AlphaSec'.

KAIA said, "AlphaSec has centralized exchange (CEX)-level performance," and, "We will soon release perpetual futures derivatives for investors such as those engaging in up to 5x margin trading and high-frequency trading (HFT)."

KAIA added, "(AlphaSec's) goal is 100,000 TPS (transactions per second)," and "AlphaSec will become KAIA's liquidity engine for stablecoin trading."

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JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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