IDEX to Fiat Converter

Idex describes itself as the first hybrid liquidity decentralized exchange (DEX) that merges an order book model with an automated market maker (AMM). This combination aims to deliver the performance and features of a traditional order book while maintaining the security and liquidity of an AMM. The platform uses an off-chain trading engine paired with on-chain trade settlement to enhance the trading experience.

This hybrid approach eliminates failed transactions and reduces unnecessary gas fees, improving efficiency. Instant trade execution prevents front-running or sandwich attacks, allowing users to trade without delays. The support for advanced order types, including limit orders, also enables trading strategies and arbitrage opportunities across exchanges.

Idex currently operates on Ethereum and Binance Smart Chain, with plans to expand to additional blockchain networks. The platform intends to integrate second-layer solutions and Polkadot, along with introducing a referral system. Future developments may include leverage trading and support for more layer one and layer two blockchains.