SynFutures integrates SushiSwap’s price feed for Arbitrum expansion

Rick Steves

SynFutures is a derivatives exchange that takes a Uniswap-like approach, allowing users to list and provide liquidity to any asset with a price feed.

SynFutures has expanded support for the Arbitrum network, having integrated with SushiSwap’s price feed oracle to bring real-time data to its platform.

The multi-chain derivatives exchange announced the expansion to provide trading opportunities on a wider variety of Arbitrum assets. The integration comes as the exchange sees continued growth on other blockchains like Ethereum, Polygon, and BNB.

In less than five months since its public beta launch, SynFutures has already surpassed more than $4 billion in cumulative trading volume and 56,000 users.

Empowering communities to list and trade any asset

SushiSwap is one of the network’s most active decentralized exchanges and SynFutures now allows users to list and trade futures contracts on any Arbitrum asset available on SushiSwap.

Rachel Lin, co-founder and CEO at SynFutures, said: “We want to empower all communities to list and trade any asset they desire on any network. By integrating with SushiSwap’s price feed, we’re making it easier for our users to list Arbitrum assets and create more trading opportunities. This is a core value proposition at SynFutures, so we look forward to seeing how our community leverages this new offering.”

“SynFutures diving deeper into the Arbitrum ecosystem expands on our vision to make derivatives trading more accessible. With expanded support for Arbitrum assets, we’re excited to replicate some of our existing success on what we believe to be one of the most promising layer 2 ecosystems.”

With the SushiSwap integration, the SynFutures community has already listed seven new Arbitrum pairs for trading: ETH/USDC, CRV/ETH, LINK/ETH, MAGIC/ETH, DPX/ETH, STRP/USDC, and SPELL/ETH. Previously, BTC/USDC was the only Arbitrum trading pair offered on SynFutures.

SynFutures is a derivatives exchange that takes a Uniswap-like approach, allowing users to list and provide liquidity to any asset with a price feed. The new expansion gives users new opportunities to create arbitrage and hedge risk on Arbitrum with derivatives.

The accelerated growth SynFutures is experiencing has seen the decentralized derivatives exchange surpass $3 billion in trading activity of its 55,000 registered users.

The platform opened beta launch six months ago ahead of the V2 launch in the coming months but it quickly became a hit as users looked to tap DeFi market opportunities via SynFutures, which already offers more than 150 underlying pairs, currently the largest offering in the decentralized derivatives space.

The Singapore-based decentralized exchange seems to be closing in on dYdX in all-time users, according to data from Dune Analytics.

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