May 21, 2021 – Road Town, British Virgin Islands
OpenOcean, the world’s first DeFi and CeFi full aggregator, is expanding its coverage of global markets by providing support for some of the most prominent languages used by a number of speakers and crypto users. OpenOcean users speaking Chinese, Japanese, Spanish and Russian will now be able to enjoy not only the best price with low fees while swapping on OpenOcean but also website localization and native support staff for the respective languages on its Discord channel.
OpenOcean’s global expansion opens its doors to some two billion speakers, spanning two of the largest countries in East Asia, the majority of Latin America and Spain, as well as Russia and other Russian-speaking countries. These regions feature vibrant communities of crypto users who are generally underserved by global crypto service providers, leading to many siloed ecosystems and platforms.
Non-native English speakers who were previously using the OpenOcean platform required extra support, detracting from their trading experience and reducing their strategy’s effectiveness. OpenOcean has answered the community’s needs, opening its doors to crypto users from across the globe.
Cindy Wu, co-founder of Open Ocean, said,
“As a liquidity aggregator, we believe it is natural for us to serve a wide array of global crypto users. The crypto community is somewhat fractured along geographical and linguistic barriers. Reaching across those boundaries is the key to attracting the most users and the most liquidity.”
Since its launch in Q3 2020, OpenOcean has attracted over 184,000 active users and had over $1.7 billion in cumulative volume passing through its liquidity aggregator. OpenOcean is unique for its wide reach across both centralized and decentralized exchanges, aggregating liquidity over 20 DEXs and major centralized exchanges such as Binance.
OpenOcean is the one-stop platform for crypto traders, offering both a simplified swap interface and a pro platform with advanced charts and orders. By aggregating platforms across blockchains like Ethereum, Binance Smart Chain, Tron and others, OpenOcean has the largest possible selection of assets and liquidity, as it routes orders through the most profitable venues.
OpenOcean has secured investments from high-profile blockchain venture capitalists and has wrapped up successful strategic and private placement financing rounds. Recently OpenOcean announced $OOE, the native token of OpenOcean. Its initial DEX offering (IDO) on Polkastarter was on May 18, 2021, and the token is currently on the whitelisting stage. On May 19, 2021, OpenOcean started SHO on DAO Maker. All participants must meet pre-determined KYC criteria.
OpenOcean is the world’s first DeFi and CeFi full aggregator. OpenOcean finds the best price, has no additional fees and presents the lowest slippage for traders on aggregated DeFi and CeFi by applying a deeply optimized intelligent routing algorithm.
Besides the aggregation of swaps, OpenOcean will continue to aggregate derivative, yield, lending and insurance products, and launch its own combined margin products and intelligent wealth management service. OpenOcean also provides API and arbitrage tools for users to do arbitrage transactions automatically.
Cindy Wu, co-founder of OpenOcean