The Decentralized Exchange for leverage trading.
Perpetuals, Spots, Equities on a single self-custodial order book.
No bridges. No gas. Sub-50ms matching.
All margin and settlement state anchors to multiple chains via Utexo's RGB + Lightning rails. No alt-L1, no wrapped assets, no bridge risk.
Tether-issued USDT moves directly on Utexo. The same dollar that settles institutional flow now collateralizes your perps.
Trade SPYx, NVDAx, TSLAx and more — leveraged perpetuals on real-world equities, sourced via xStocks and Backed.
Sub-50ms matching engine modeled on traditional HFT venues. Only deposits, withdrawals, and state commitments touch L1.
UltraLiquid decouples matching from settlement. A high-frequency in-memory engine handles the order book in microseconds. Utexo's RGB + Lightning rails handle deposit, custody, periodic state commitments, and final withdrawal back to your chain of choice.
Margin lives in a state channel between your wallet and the exchange. Trades update the channel state off-chain; PnL is realized only when you close. Risk evaluates your portfolio continuously and triggers liquidation when maintenance margin is breached.
Open an account in seconds. No KYC for crypto deposits. Trade 12 markets at launch.