Nomura’s crypto subsidiary Laser Digital has made a strategic investment in the Orderly Network, which refers to itself as a ‘decentralized trading infrastructure’ on the NEAR blockchain. The network recently raised a $20 million funding round from venture investors, including Sam Bankman- Fried’s Alameda Research.
Orderly is taking a different approach to most decentralized exchanges (DEXs) that use automated market makers (AMMs). These AMMs tend to leverage simplistic algorithms to enable trading and the bid-ask spreads are not the tightest. Some of that margin is earned by arbitrageurs. Instead, Orderly uses the more conventional concept of market makers and order books. It describes AMMs as being “designed for retail traders and often do not facilitate a more sophisticated trading strategy.
Orderly is not a DEX itself, but provides DEX infrastructure.
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