Level 2 Cardano Assets Exchange

Trade Cardano native assets with lightning speeds.

Your funds protected by a smart contract.

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Secure

All your funds are always available for withdrawal. Guaranteed by a smart contract. No KYC required.

Centralised Order Book

Lightning-fast off-chain trading. No slippage, no front-running, no flash-loans, no IOUs.

Native Assets

Support for all Cardano native tokens, NFTs and stablecoins.

Fast and Secure

All the trading happens off-chain using traditional order book matching engine.

It's faster and cheaper than on-chain DEX trading, yet still secure and provably solvent.

Your Keys, Your Crypto

First ever centralised exchange where you actually own your money.

Cosmex uses multiple two-party fast isomorphic state channels, similar to a star-shaped Hydra.

The smart contract implements a state machine that guarantees that you can always withdraw your funds after a contestation period.

Easy to Use

Unlike Hydra, Cosmex doesn't require you to run a Cardano node, nor it requires you to always be online.

Simple Websocket and REST API.

FAQ

What is the difference between Cosmex and Hydra?

Cosmex is a specialized version of Hydra that uses a star-shaped network of state channels. There are a few differences:

  • Cosmex uses a single state channel per pair of parties, while Hydra uses a single state channel for all parties.
  • Cosmex allows users to join and leave the network at any time.
  • Cosmex doesn't require a party to be always online unlike Hydra.
  • Cosmex doesn't require a party to run a Cardano full node unlike Hydra.

What is the difference between Cosmex and AMM DEX like Uniswap?

Cosmex is based on Cardano blockchain. It uses Plutus smart contracts to operate instead of Ethereum and EVM. This results in lower fees and faster transactions. Uniswap is an automated market maker (AMM) that allows users to trade ERC20 tokens. Cosmex is a semi-centralized L2 order book exchange that allows users to trade Cardano native tokens.

What is the difference between Cosmex and a centralized exchange?

Cosmex is a L2 order book exchange. It doesn't require KYC and doesn't hold user funds. It follows a decentralized protocol that uses Cardano smart contracts to operate and guarantees that all funds are always available to their owners. Cosmex mainly is a trading platform that allows users to trade Cardano native tokens.

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Have a question? Contast us contact@cosmex.io