Powering the Rudex Decentralized Exchange

Rudex is a Russian decentralized exchange that enables thousands of users to invest, trade and manage their portfolio 24/7 all within their web browser. Leveraging the internal decentralized exchange Rudex shares the same order books, liquidity and digital assets with all other business and exchanges on the BitShares Blockchain.

The Challenge

Every exchanges suffers from insufficient liquidity, empty order books and slow settlement times. One step further decentralized exchanges are challenged to keep up to user demands, missing a scalable trading engine that can handle hundred thousand of orders per second from across the globe.

  • Exchange operators and professional traders are attracted by deep order books and high liquidity. Starting your own crypto exchange or money transfer business costs you a lot of extra money to attract new users, add liquidity and run your own market makers.

  • One of the biggest pain points for crypto exchanges operators and users is the risk of getting hacked. Since the beginning, more than $1 billion USD in crypto assets has been stolen or lost through cyber criminals and insider hacking. Everyone on a centralized exchange is at risk to lose all of their funds at any time.

The Solution

Building on the BitShares blockchain, enables Rudex to offer an attractive, secure and fast decentralized exchange platform. Through sharing the same order books with all other exchanges for example OpenLedger on the BitShares blockchain Rudex takes full advantage of deep liquidity and full order books within a global market place.

  • The BitShares blockchain core solution is the decentralized exchange connecting exchanges, market makers and financial institutions and their users on the same marketplace. It is like New York stock exchange, London stock exchange and Tokyo stock exchange would merge all their markets and trade on one common global market together.

  • At the BitShares blockchain most crypto assets are stored and managed within segregated user accounts. One account can hold multiple assets at the same time and is controlled by the associated private key. To steal money from the Rudex user base, criminals would need to hack each user separately which is cost and time intensive hence unattractive. Thanks to BitShares Rudex users funds are more secure than on other exchanges.

The results in numbers

1.5 sec

Trade and Settlement

+3,000

Tradable Digital Assets

$10 mio

avg 24h trading volume

100k

Users on Rudex

The Result: A liquid and secure decentralized exchange

Within the first months of launching with the BitShares blockchain, Rudex grew into one of the leading decentralized exchanges for the Russian community. Fully customized and with their own local partners Rudex provides unique services to their target audience while sharing the global market books via the BitShares blockchain.

The BitShares blockchain allowed Rudex to leapfrog years of development time and to launch a full decentralized exchange in record speed. Transfers, settlement, trade, and more are fully outsourced to the BitShares blockchain and shared with other exchanges and financial institutions.

 

 

BitShares blockchain opens doors to new opportunities

Building on the BitShares blockchain opens your business to an interconnected global community of financial services. Connect with millions of new users, skip the intermediary networks and trade frictionless with your business partners in real-time.

Open access to the next generation financial backbone. Connect your business and build new products and services on the fastest blockchain tailored to serve you, the users. What door will you choose?

New Corporate Clients

Join Remittance Business

Access New Financial Products

Investment and Trade Opportunities

“Our goal was not only to create a convenient instrument for people to use (…), but also move towards more decentralization, since more gateways the DEX has, the less centralization around any one of of them.”

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Do you have questions about the BitShares blockchain?

This website is a community based fanpage about the BitShares Blockchain. Official website is www.bitshares.foundation