Concordex, the decentralized exchange (DEX) built on the Concordium blockchain, is set to launch its mainnet on June 26. This follows a successful public testnet launch in May.

Concordex aims to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi) by offering on-chain derivatives and other institutional-grade tools within the Concordium ecosystem. The platform will provide straightforward trading, concentrated liquidity, and flexible fee levels for liquidity providers, enabling enhanced capital deployment and increased returns over time.

Concordex has received $1.7 million in seed funding from industry leaders such as Tacans Labs, Skynet Trading, Seier Capital, Amdax, and Concordium blockchain. Built on the regulatory-ready Concordium blockchain, Concordex offers a secure and compliant trading platform that balances privacy with regulatory compliance. It represents a significant step in the evolution of DeFi as a regulation-friendly platform. Concordex is set to launch its mainnet on June 26, 2023.