LogX Network is a Sequoia-backed platform designed for retail and institutional trading across multiple blockchain ecosystems, and has partnered with Transak to develop Transak, an innovative fiat-to-smart contract solution. One has been integrated.
This strategic move aims to simplify the onboarding process for users, allowing them to seamlessly purchase and deposit funds directly into smart contracts on the LogX platform. By eliminating the need for intermediary cryptocurrency trading, Transak One significantly reduces the barrier to entry into the decentralized derivatives market.
LogX Network positions itself as a comprehensive DeFi platform designed to go beyond traditional exchanges in terms of scalability, gas-free trading, and support for multiple assets. It offers advanced trading features such as perpetual futures, meme coin trading with instant order matching, leveraged prediction markets with up to 20x leverage, and trading tokenized real-world assets.
Historically, meaningfully interacting with smart contracts on blockchain required the use of cryptocurrencies. Users typically had to navigate a multi-step process of initiating the transition from fiat to cryptocurrency and leveraging the acquired cryptocurrency to interact with smart contracts.
Transak One revolutionizes this process by eliminating the need for intermediary crypto transactions. For LogX users, instead of the traditional multi-step process of buying ETH, exchanging it to USDC, and depositing USDC into their trading account, Transak One simplifies this into a single step. Users can deposit USDC directly into their trading account using fiat payment methods.
Also known as the “DeFi super app,” LogX leverages advanced technologies such as Arbitrum Orbit Stack for high scalability, Avail Network for reliable data availability, and Hyperlane Network for cross-chain messaging. Backed by prominent investors such as Sequoia Capital, Coinbase Ventures, and Antler, LogX offers unparalleled speed, security, and trading efficiency to become the preferred platform for both retail and professional traders. We are aiming for
“Integrating Transak One will make DeFi accessible to a wider range of users,” said Akshit Bordia, co-founder of LogX Network. “Users can now instantly purchase cryptocurrencies in their local currency and start trading on LogX without any delays or complicated processes.”
Sami Start, CEO of Transak, added: “Our partnership with LogX Network represents a significant step forward in simplifying DeFi onboarding. By leveraging Transak One’s unique capabilities, users can bypass traditional multi-step processes and fund smart contracts. You can deposit directly.
By combining LogX's gas-free real-time pricing infrastructure with Transak's world-class payment capabilities, users have a comprehensive solution to convert fiat to crypto and seamlessly integrate with DeFi. You can.
New users can now seamlessly purchase cryptocurrencies using their local currency and start trading on LogX without any delay. The lack of gas fees creates a centralized exchange-like experience within a decentralized environment.
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