OpenOcean is a full aggregation protocol for crypto trading that sources liquidity from DeFi and CeFi, and enables cross-chain swaps. Their intelligent routing algorithm finds the best prices from DEXes and CEXes, and splits the routes to provide traders the best prices with low slippage and fast settlement. The function is free to use, OpenOcean users only need to pay the normal blockchain gas fees and exchange fees for the trades, which are charged by the exchanges. OpenOcean aggregates major exchanges (DEXes and CEXes) and across Ethereum, Ethereum Layer 2 such as Loopring and Polygon, Binance Smart Chain, Solana, HECO, Ontology, TRON.
Besides aggregation of swaps, OpenOcean aims to also bring in the near future aggregation of derivative, yield, lending and insurance products, and launch its own combined margin products and intelligent wealth management service. OpenOcean provides API and arbitrage tools for users to operate automated arbitrage strategies. The vision is to build a full aggregator for crypto trading that increases capital efficiency and serves as a bridge connecting the current fragmented DeFi and CeFi markets. As a hybrid project and similarly to Finxflo that also provides CEXs and DEXs aggregation, the major part of the project is centralized and therefore the biggest part of the codebase is not public for everyone to see, and we can notice a lack of technical documentation. The token is trading and available on both centralized (KuCoin) and decentralized (PancakeSwap) exchanges.