Polkadex Partners With CoinAlpha for Liquidity Solutions

CoinAlpha is now providing liquidity solutions to DOT/USDT, ASTR/USDT, and PDEX/USDT trading pairs on Polkadex Orderbook

3 min readOct 27, 2023

In order to enhance trading on Polkadex Orderbook, Polkadex has partnered with CoinAlpha, the trusted liquidity software provider for both centralized and decentralized exchanges and original creator of Hummingbot.

What’s the news?

Approved by the Polkadex on-chain council in June, the partnership tasks Armada Labs Sdn. Bhd. (a wholly owned subsidiary of CoinAlpha, Inc) with maintaining healthy order books on Polkadex Orderbook’s spot markets through their Liquidity Solutions platform. Armada’s services are now active on the high-frequency-trading-enabled DOT/USDT, ASTR/USDT, and PDEX/USDT trading pairs on Polkadex Orderbook.

What is CoinAlpha?

As the original creator of Hummingbot, CoinAlpha is an active member and contributor to the Hummingbot ecosystem and community. Backed by industry titans like Initialized, Bain Capital, and Slow Ventures, CoinAlpha has earned a reputation as a trusted provider for liquidity solutions.

The CoinAlpha team is dedicated to building advanced tooling and systems on top of Hummingbot and working alongside the Hummingbot Foundation to democratize algorithmic trading and promote user adoption. CoinAlpha’s goals are perfectly aligned with the ethos of Polkadex Orderbook as a force for better decentralized, democratized trading.

Why is this partnership important?

Polkadex’s partnership with CoinAlpha is a community-driven success story with a number of positive impacts on Polkadex and Polkadex Orderbook going forward. Most importantly, the integration of CoinAlpha’s liquidity solution with Polkadex Orderbook significantly boosts liquidity on available trading pairs.

“By partnering with CoinAlpha on liquidity solutions for Polkadex Orderbook, we take an important step towards solving the chicken-and-the-egg problem of liquidity and users by just bringing in our own golden chicken to lay the eggs. With CoinAlpha building a healthy order book and the zero trading fees at the outset, I foresee many other liquidity providers and users joining the Orderbook in very short order. It is a win-win-win for Polkadex, CoinAlpha, and the community.”
— ClusterCuss, Polkadex Council Member and Validator

Get involved!

Together, Polkadex and CoinAlpha are democratizing trading and redefining what’s possible in decentralized finance. We think people are going to love trading on Polkadex Orderbook. Follow Polkadex channels for updates, get involved with the Polkadex community, and let’s make history together!

💹 Website | Polkadex Orderbook

About Polkadex

Polkadex is a fully non-custodial, peer-to-peer, orderbook-based cryptocurrency exchange for the DeFi ecosystem built on Substrate and designed to become the ultimate trading engine for Web3. Polkadex has developed Polkadex Orderbook, an easy-to-use platform that combines the benefits of centralized and decentralized exchanges into one cutting-edge, non-custodial solution that caters to all crypto traders. You can now trade ASTR, DOT, USDT, and PDEX, on Polkadex Orderbook.

About CoinAlpha

Armada Labs Sdn. Bhd. is a wholly owned subsidiary of CoinAlpha, Inc. and provides liquidity solutions for exchanges, token issuers, and foundations. As the original creators of Hummingbot, CoinAlpha offers a full suite of enterprise grade services on both centralized and decentralized platforms.