SushiSwap acquires Cosmos-powered Vortex Protocol trading platform

The acquisition of Vortex Protocol also means that SushiSwap will launch its services on Cosmos in the second quarter of this year.

SushiSwap delivers on its January promise to launch a derivatives trading platform. But instead of creating one from scratch, she went out and bought one.

The popular Ethereum- based decentralized exchange ( DEX ) announced today that it has acquired Vortex Protocol for an undisclosed sum.

Built on top of the Sei Network, a blockchain powered by Cosmos tools , the on-chain trading platform will be part of SushiSwap as another product and will get a new name.

Vortex Protocol is a yet-to-be-launched decentralized derivatives exchange that will offer users 10x margin trading on various assets. The Sei Network and Sushi’s newly acquired Vortex protocol will launch on the mainnet in Q2 2023.

“This acquisition is a direct partnership between the teams of SEI, Vortex and Sushi to help bring the first fully networked perpetual DEX to market through Sushi,” said <i>Decrypt</i> SushiSwap CEO Jared Gray.

Sei Network co-founder Jayendra Jog said that talks of an acquisition began late last year.

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