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An Explanation: What is OpenOcean

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Getting the best token prices across all exchanges

OpenOcean is a complete aggregator for liquidity across various decentralized and centralized exchanges. Okay, this sounds interesting, but what does this mean?

The crypto industry is pretty fragmented and a variety of decentralized and centralized exchanges try to win over customers. Some users prefer to work with centralized exchanges, because these often have fiat gateways and high amounts of liquidity. However, others prefer decentralized exchanges in order to keep full control over their funds.

The result is that there can be price differences between the different exchanges, unless you’re a computer wizard, you won’t be able to find these opportunities. An aggregator like OpenOcean helps with this. By using OpenOcean traders will also receive the best pricing with extremely low slippage, across a wide variety of products.

OpenOcean looks at the offerings on all kinds of exchanges, searches for the best transaction rates, and offers prices in real-time with very low slippage. Price updates happen instantly, allowing traders to swiftly move their funds.

In the roadmap, OpenOcean will also further aggregate derivatives, lending and insurance products on both DeFi and CeFi. OpenOcean will also launch it’s combined margin products and intelligent wealth management services in the future.

Screeenshot OpenOcean.finance (April 2021)

What makes OpenOcean unique

In the market of decentralized finance, a decentralized exchange like Uniswap, SushiSwap or PancakeSwap is open by nature. It technically allows anybody to tap into their services, either as an aggregator or just through a website widget. However, OpenOcean takes an unique approach by combining data from different decentralized and centralized exchanges, supporting different blockchains. It makes OpenOcean arguably the most complete aggregator on the market.

Binance, the biggest centralized exchange on the market, allows OpenOcean users to tap directly into their exchange. Giving OpenOcean users access to a wide variety of tokens, across a wide variety of blockchains. So when users have an OpenOcean account, they don’t need to login to any other centralized exchange. It’s the total package. In addition there’s a wide variety of decentralized exchanges and DeFi protocols they support, across different blockchains. This list includes Curve, Kyber, Balancer, ApeSwap, SushiSwap, Uniswap, BakerySwap, Smoothie, and Justswap.

In the professional version, OpenOcean supports most frequently traded token pairs and offers charts on OpenOcean (the best price OpenOcean offers on DEX), Binance and the price spread, which is the difference between the OpenOcean price and the price on Binance. Users can do arbitrage transactions between DEX and CEX based on the price difference offered by OpenOcean.

OpenOcean has its own OOE governance token, which is not issued yet. OOE gives holders voting rights on the platform and in the community. In addition trading costs will be reduced by being a OOE token holder in campaigns from time to time.They will launch an initial liquidity mining program across a variety of chains, including Ethereum, Binance Smart Chain, Ontology and Tron. OOE token holders can also enjoy CEX trading VIP membership and have access to the PME product which allows users to arbitrage between DEX and CEX.

As an OpenOcean user you have instant access to trading with the best prices and lowest slippage across different exchanges, both centralized and decentralized. In addition you can swap tokens across different blockchains.

OpenOcean on DappRadar

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