Primex is a decentralized prime brokerage platform that enables non-custodial leveraged trading across multiple decentralized exchanges (DEXs) while connecting lenders, traders, and market makers. By providing access to unlimited assets and advanced trading tools, Primex addresses the challenges of counterparty risk and limited trading options in traditional finance.
Funding
$5.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CSTFounders
Product
Problem
Decentralized exchanges (DEXs) often lack the advanced trading tools and leveraged trading options available on centralized exchanges, limiting opportunities for sophisticated traders. Furthermore, users face counterparty risk when lending and borrowing assets for margin trading on these platforms.
Solution
Primex is a decentralized prime brokerage that facilitates non-custodial leveraged trading across multiple DEXs, connecting lenders, traders, and market makers in a secure environment. The platform provides access to a wide range of assets and advanced trading tools, such as limit orders, stop-loss orders, and cross-chain balance transfers. Lenders provide liquidity for leveraged trading, earning interest on their assets, while traders can access leverage to amplify their trading positions. By aggregating liquidity from various DEXs, Primex aims to offer traders a centralized exchange-like experience with the benefits of decentralization, including self-custody and transparency.
Target Audience
The primary target audience includes cryptocurrency traders seeking advanced trading tools and leveraged trading opportunities on decentralized exchanges, as well as lenders looking to earn interest on their digital assets.
Features
- Non-custodial trading: Users maintain complete control of their assets by connecting their wallets directly to the platform.
- Cross-DEX aggregation: Trade across multiple integrated DEXs and seamlessly transfer balances across chains.
- Leveraged spot trading: Access funds provided by lenders for leveraged spot trading on DEXs.
- Limit orders: Place limit orders to execute trades at specific prices.
- Stop-loss orders: Manage positions and set stop-loss levels to mitigate risk.
- Unlimited assets: Access a wide variety of assets for leveraged trading, including those not typically available on existing platforms.