Extended Exchange

Professional Perpetuals Infrastructure

Extended Exchange targets the segment of crypto traders who find existing DEX perp products. GMX, dYdX, Hyperliquid, too limiting for sophisticated trading strategies. The platform's defining feature is portfolio margining: rather than requiring separate margin for each position, traders can cross-collateralise across their entire portfolio, substantially improving capital efficiency.

This is standard practice on professional equity and derivatives exchanges (Interactive Brokers, Deribit). In crypto, only centralised exchanges like Bybit and OKX offer full portfolio margining. Extended Exchange aims to bring this model onchain.

Order Types and Execution

Extended supports standard perpetuals order types (market, limit, stop-loss, take-profit) plus advanced conditional orders, order triggers based on index price movements, time-weighted average price (TWAP) execution, and iceberg orders for large positions. This feature set targets traders running systematic strategies who need precise execution control.

Competitive Landscape

The perpetuals DEX space is increasingly crowded. Hyperliquid alone processes more volume than most other perp DEXes combined. Extended Exchange must offer meaningfully better capital efficiency or execution to win professional traders away from established platforms. The $6.5M seed raise gives runway to develop the product, but traction will determine the token launch valuation.