Roxe Launches First Set of DeFi Liquidity Pools to Provide B2B FX Rates
Every minute, Roxe averages the midpoint of the rates, setting a single target FX rate for its partners to utilize.
- Every minute, Roxe averages the midpoint of the rates, setting a single target FX rate for its partners to utilize.
- "We are thrilled to launch the world's first set of DeFi liquidity pools that provides FX at a wholesale rate, bridging the world of DeFi and TradFi through remittances," said Josh Li, Chief Business Officer of Roxe.
- Liquidity pools are the backbone of the Roxe Instant Settlement Network (RISN) FX capability and are utilized for each currency pair supported on the platform.
- With growth through integrations of additional partners, the liquidity pools increase, resulting in greater amounts of send and receive currency pair pools.