Today, TenEX announced a strategic partnership with Sphere. This alliance aims to improve the trading experience on TenEX’s platform and initiate a seamless connection between CeFi and DeFi. The first step in this collaboration is the integration with Sphere’s DEX platform.
TenEX is a crypto payment platform that focuses on bringing traditional finance and cryptocurrencies, providing global users with ways to spend and manage crypto assets through cards and wallets.
On other hand, Sphere (Sphere Finance) is a DeFi platform specialised for providing liquidity within the DeFi landscape. It has a native token, Sphere (SPHR) that allows investors to hold it for various financial reasons.
Sphere liquidity offering
With this collaboration, TenEX integrated its centralized crypto payment solutions with Sphere’s infrastructure to access decentralized trading through Sphere’s DEX platform. This partnership marks an important milestone in integrating CeFi with DeFi, demonstrated by TenEX linking its centralized crypto trading platform with Sphere’s decentralized exchange platform.
Through this approach, TenEX has just introduced a DEX interface, a widespread solution that offers off-chain and on-chain trading assets and resources. TenEX users can now directly trade DeFi products through the integrated Sphere’s DEX app.
Besides that, by trading on the Sphere platform, TenEX users are now able to trade newly list assets on DEXs before they are listed on CEXs. This gives users an early bird advantage, enabling them to grab market opportunities from the beginning. Also, the integration allows users to access deeper Web3 trading landscape through leveraging Sphere’s token Launchpad.
Market expansion
In addition, this partnership signifies a crucial moment for Sphere, leveraging its DEX and DeFi’s expertise and network to expand its presence in the blockchain ecosystem. Through partnerships, Sphere helps accelerating adoption of DEX and DeFi networks by offering a smooth connection with centralized trading platforms.
Sphere stands as a bridge between DeFi and TradFi, recognized for its accelerator. Since its launch, it has established itself as a major launchpad in the cryptocurrency industry. Its latest partnership with TenEX is part of its commitment to expand its market. Collaborations with likeminded projects provide it with valuable access to new markets and users, especially in the growing sectors of blockchain and AI technology. This strategic partnership is a testimony of the two firms to leverage the best in AI solutions and blockchain technology.
