KuCoin Enlists OpenOcean (OOE)! World Premiere!
Trading cryptocurrencies can be overwhelming, especially when you are a trader and want the best value on your investment. Another major factor that affects the trades is the exchanges. Due to centralized and decentralized attributes, there could be an enormous change in price and volume. Fortunately, OpenOcean is planning to develop an aggregation protocol to make this process easier by comparing the crypto prices stated by the top exchanges for cracking the best deal. KuCoin review as an exchange has been great, and with OpenOcean listing, anticipations are higher.
What is OpenOcean?
OpenOcean is a decentralized complete aggregation protocol. It is top-ranked on BSC and is considered unique on TRON and Solana. It combines the world’s topmost 24 CEXs and DEXs to aid traders to compare and land upon the best price and slippage for various cryptocurrencies, including CEX from BNB (Binance) and DEXes- ETH & Layer2/ SOL/ BSC/ TRON/Polygon/ ONT.
They aim to build a complete aggregator for cryptocurrency trading that acts like a bridge linking DeFi and CeFi markets, empowering traders to have the prospect to trade at the best prices.
How does OpenOcean work?
OpenOcean uses an optimized brilliant routing algorithm to enable its aggregation system. This aids in finding the best price and slippage for traders on decentralized and centralized exchanges with no added fees.
The OpenOcean protocol comprises public smart contracts that are further deployed on the aggregated public chains and patented technologies like routing and discovery algorithms. OpenOcean uses an optimized version of the D-star (Dijkstra algorithm) to fragment the routing amid the different protocols to get better transaction rates.
On the other hand, it offers SaaS and API arbitrage tools that allow users to yield advantage of arbitrage opportunities automatically. Along with aggregation of swaps, it will keep going with the aggregate derivative, insurance products, yield, lending, and further launch a smart wealth management service and combined margin products.