All the trading happens off-chain using traditional order book matching engine.
It's faster and cheaper than on-chain DEX trading, yet still secure and provably solvent.
First ever centralised exchange where you actually own your money.
Cosmex uses multiple two-party fast isomorphic state channels, similar to a star-shaped Hydra.
The smart contract implements a state machine that guarantees that you can always withdraw your funds after a contestation period.
Unlike Hydra, Cosmex doesn't require you to run a Cardano node, nor it requires you to always be online.
Simple Websocket and REST API.
Cosmex is a specialized version of Hydra that uses a star-shaped network of state channels. There are a few differences:
Cosmex is based on Cardano blockchain. It uses Plutus smart contracts to operate instead of Ethereum and EVM. This results in lower fees and faster transactions. Uniswap is an automated market maker (AMM) that allows users to trade ERC20 tokens. Cosmex is a semi-centralized L2 order book exchange that allows users to trade Cardano native tokens.
Cosmex is a L2 order book exchange. It doesn't require KYC and doesn't hold user funds. It follows a decentralized protocol that uses Cardano smart contracts to operate and guarantees that all funds are always available to their owners. Cosmex mainly is a trading platform that allows users to trade Cardano native tokens.