Overview
Verdex is an orderbook-based exchange interface — every market here trades against a live central limit order book, not an automated market maker curve. Eleven of the twelve listed pairs stream real, live prices sourced from Binance's public market data; VDX, our own native token, runs on a self-contained simulation instead, since it isn't listed anywhere in the real world.
Every order you place is matched locally in your browser. Nothing is sent to a blockchain, a backend, or another trader — it's a fully-wired trading terminal without the settlement risk.
How trading works
Every market is quoted through a two-sided order book: bids stack below the mid-price, asks stack above it, and the shaded depth bar behind each row shows how size accumulates as price moves away from the spread.
Order types
- Market orders fill immediately against the best available price, with a small amount of realistic slippage applied.
- Limit orders rest on the book until the market price reaches your specified level, then fill automatically — watch them move from Open Orders to Trade History the moment that happens.
Buy and sell
Toggling Buy or Sell does more than change the submit button's color — it switches which side of your balance the order draws from and which side it credits. Buying spends USDC and credits the base asset; selling does the reverse.
Live market data
The dot next to a market's name tells you where its price is coming from:
- A pulsing lime dot (Verdex live) means the price, order book, and recent trades are streaming in real time from Binance's public feed.
- A dim dot (Verdex demo) means that pair — currently just VDX — is running on a local price-and-liquidity simulation instead.
If the live feed drops, Verdex holds the last known real price rather than jumping into simulated noise, and quietly reconnects in the background. Only after several failed reconnect attempts does it fall back to simulation — and it reverses that fallback automatically the moment real data starts flowing again.
Wallet & balances
Connecting a wallet — MetaMask or any other browser wallet that injects the standard EIP-1193 provider — only ever reads your address, network, and balance. It never requests a signature or a transaction, so nothing you do here can move real funds.
The balances shown in the trade form and the Balances tab live in a separate, local ledger seeded with demo funds on page load. It has no connection to whatever your wallet actually holds — it exists purely so the order-matching simulation has something to debit and credit.
Fees
Every fill pays a flat 0.05% taker fee, charged in USDC regardless of which side of the trade you're on. Fees aren't rebated or paid out to anyone — they're logged as protocol revenue and totaled live on the Stats page, alongside session volume, trade count, and open order count.
Markets
Twelve pairs are listed, all quoted in USD and settled through USDC: eleven large-cap assets — BTC, ETH, SOL, BNB, XRP, ADA, DOGE, AVAX, LINK, DOT, and ARB — plus VDX. Use the ticker strip or the Markets page to browse by price, 24h change, or volume; clicking any row jumps straight into that market's trading view.
FAQ
Is this connected to a real exchange?
Prices for the eleven non-VDX pairs are real, pulled live from Binance's public market data. Nothing else is: there's no matching against other users, no smart contract, and no way to withdraw anything, because nothing was ever deposited.
Can I lose real money here?
No. Wallet connect is read-only, and trading balances are a local simulation seeded on page load.
Why does VDX behave differently from the other pairs?
VDX is Verdex's own token. It isn't listed on any real exchange, so its price, book, and trade tape are generated locally instead of streamed in.
What happens if I refresh the page?
Everything resets — simulated balances, open orders, and trade history all reload from their starting state. Real-pair prices simply reconnect to the live feed.