Buy Vertex (VRTX)
What is Vertex?
Vertex Protocol is a decentralized exchange (DEX) that operates on the Arbitrum network. It features a distinctive combination of a hybrid order book and automated market maker (AMM) system to offer fast order matching and low trading fees. Vertex aims to blend the advantages of centralized exchange usability with the benefits of decentralized platform self-custody and transparency.
How does Vertex work?
Vertex works by leveraging Arbitrum, a Layer-2 scaling solution for Ethereum. The protocol integrates a hybrid unified central limit order book and an automated market maker system. The order book operates off-chain to ensure swift order matching, while the AMM functions on-chain. This setup reduces latency, enhances cross-chain compatibility, and provides effective liquidity.
What are the potential use cases for Vertex?
Vertex can serve several use cases:
- Decentralized Trading: Offers a CEX-like trading experience with the benefits of decentralization.
- Liquidity Provision: Attracts liquidity providers through incentives, improving market depth.
- Cross-Margin Trading: Users can manage multiple positions using a single margin account.
- Risk Management: Provides tools for effective risk management, including sub-accounts and diverse oracle integrations.
What is the history of Vertex?
Vertex was founded by Darius Tabatabai and Alwin Peng, leveraging their experience in traditional and decentralized finance. Launched in April 2023, Vertex quickly grew in market volume. It has forged partnerships such as the collaboration with Haruko for enhanced risk management and launched initiatives like the Vertical Program to strengthen tokenomics and protocol growth. Significant technological evolutions include integrating with Arbitrum for better user adoption and liquidity management.
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Frequently Asked Questions (FAQs)
What is the current price of Vertex (VRTX)?
The Vertex price is $0.1601582 AUD, representing a +14.35% from the day prior.
Where is the best place to buy Vertex (VRTX) in Australia?
The best place to buy Vertex (VRTX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Vertex (VRTX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Vertex (VRTX)?
The trading volume of Vertex (VRTX) is $3.4M AUD in the last 24hrs, representing a +14.35% from the day prior.
How can I buy Vertex (VRTX)?
Vertex (VRTX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Vertex (VRTX)?
The current market cap of Vertex (VRTX) is $61.4M AUD.
Can I convert Vertex (VRTX) to cash?
Yes - With Coinstash you can convert your Vertex (VRTX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Vertex (VRTX) are there?
The current circulating supply of Vertex (VRTX) is 387.7M.
Is Coinstash a safe place to buy Vertex (VRTX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Vertex (VRTX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.