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Onomy

Curated by Signal

Order book DEX enabling forex trading with cross-chain capabilities.

Overview

Onomy operates as a decentralized exchange (DEX) that focuses on the forex market. It utilizes blockchain technology to offer an order book trading experience while enabling cross-chain transactions. The platform is aimed at users who wish to engage in trading within the forex market, which has a daily trading volume of approximately $6.6 trillion. Onomy employs inter-blockchain communication to connect with other chains within the Cosmos ecosystem, potentially improving liquidity. The company's objectives include integrating cryptocurrency, forex, and real-world assets on-chain, with governance managed by the Onomy DAO. The platform claims to have advantages in scalability and efficiency, and it is planning product enhancements to address challenges associated with trading in a multi-chain environment.

Key facts

Founded
2020

Contact

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About Onomy

What does Onomy do?

Onomy operates as a decentralized exchange (DEX) that focuses on the forex market.

Where is Onomy headquartered?

Onomy is headquartered in Casper, United States.

When was Onomy founded?

Onomy was founded in 2020.

Which sector is Onomy in?

Onomy operates in Decentralized Finance, part of Financial Technology.

Who are Onomy's competitors?

Companies similar to Onomy include DODO, 0x, and tanX.