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"The perp DEX wars are heating up and more competitors are rushing into the space. However, there’s one contender that seems to be under the radar amid all the noise, but is absolutely crushing it - edgeX.
In this deep dive, we explore the edgeX platform, consider how it's positioned in the market, and why it’s worth trying out. From low fees to slick mobile trading and a juicy points program, this one might just have an edge over the competition."
~ Coin Bureau
The video provides a deep dive into EdgeX (EdEx), a decentralized exchange (DEX) for perpetual futures (perps) that is positioned as a top-tier competitor to platforms like Hyperliquid. EdgeX emerged from Amber Group's incubator, leveraging the firm's extensive experience in crypto trading and market-making to offer centralized exchange (CEX) grade performance, including an orderbook model that executes up to 200,000 orders per second with sub-10 millisecond transactions, while keeping settlement on Ethereum via the StarkEx zero-knowledge engine. A key advantage highlighted is its lower fee structure compared to Hyperliquid, with base taker fees at 0.038% and maker fees at 0.012%. Furthermore, independent comparisons suggest EdgeX offers deeper liquidity for sub-$6 million market orders, resulting in tighter spreads and less slippage for most retail traders.
The tutorial walks viewers through the process of getting started on EdgeX, which is accessible via desktop and official iOS/Android mobile apps. Users can sign up by connecting a crypto wallet (supporting Ethereum Layer 1, Arbitrum, and BNB Chain) or by using an email address, after which they must deposit either USDT or USDC as collateral. The platform's trading interface is explained, focusing on core features like market and limit orders, setting stop-loss and take-profit levels, and the proper use of leverage to manage risk and increase capital efficiency. The video also covers the difference between cross margin (where the entire account balance backs all positions) and isolated margin, and discusses the dynamic nature of funding payments. Finally, the video mentions EdgeX's points incentive program, which rewards trading volume and providing liquidity to the ELP protocol vault, and offers security tips for self-custody.
0:00 Intro
1:18 edgeX Overview
3:12 edgeX vs. Hyperliquid
7:24 edgeX’s Bullish Metrics
10:27 Security and Risks
12:14 Setting Up On edgeX
17:49 The Perps Platform
23:03 Withdrawing From edgeX
25:06 Passive Points
26:56 Conclusion
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=cxiw5VqYlR4
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
