# Table of Contents - [What is ULTRADE | ULTRADE Litepaper](#what-is-ultrade-ultrade-litepaper) - [NEX Technology and Architecture | ULTRADE Litepaper](#nex-technology-and-architecture-ultrade-litepaper) - [Supported Chains | ULTRADE Litepaper](#supported-chains-ultrade-litepaper) - [Component Interactions | ULTRADE Litepaper](#component-interactions-ultrade-litepaper) - [Product Roadmap | ULTRADE Litepaper](#product-roadmap-ultrade-litepaper) - [Business Model | ULTRADE Litepaper](#business-model-ultrade-litepaper) - [Liquidity Solutions | ULTRADE Litepaper](#liquidity-solutions-ultrade-litepaper) - [Crosschain Interoperability Messaging | ULTRADE Litepaper](#crosschain-interoperability-messaging-ultrade-litepaper) - [NEX Tech Advantages | ULTRADE Litepaper](#nex-tech-advantages-ultrade-litepaper) - [How ULTRADE Works | ULTRADE Litepaper](#how-ultrade-works-ultrade-litepaper) - [NEX Core Components | ULTRADE Litepaper](#nex-core-components-ultrade-litepaper) - [Security | ULTRADE Litepaper](#security-ultrade-litepaper) - [Trading Products | ULTRADE Litepaper](#trading-products-ultrade-litepaper) - [Launching a whitelabel with ULTRADE | ULTRADE Litepaper](#launching-a-whitelabel-with-ultrade-ultrade-litepaper) - [Start Here | ULTRADE Litepaper](#start-here-ultrade-litepaper) - [Trading Fees | ULTRADE Litepaper](#trading-fees-ultrade-litepaper) - [Deposits and Withdrawals | ULTRADE Litepaper](#deposits-and-withdrawals-ultrade-litepaper) - [Whitelabel Customization | ULTRADE Litepaper](#whitelabel-customization-ultrade-litepaper) - [Overview | ULTRADE Litepaper](#overview-ultrade-litepaper) - [Welcome | User Guide: Ultimate Trading Suite](#welcome-user-guide-ultimate-trading-suite) - [Orderbook DEX | User Guide: Ultimate Trading Suite](#orderbook-dex-user-guide-ultimate-trading-suite) - [Connect Your Wallet | User Guide: Ultimate Trading Suite](#connect-your-wallet-user-guide-ultimate-trading-suite) - [Create an Algorand Wallet | User Guide: Ultimate Trading Suite](#create-an-algorand-wallet-user-guide-ultimate-trading-suite) - [Hybrid AMM | User Guide: Ultimate Trading Suite](#hybrid-amm-user-guide-ultimate-trading-suite) - [Trading Pairs | User Guide: Ultimate Trading Suite](#trading-pairs-user-guide-ultimate-trading-suite) - [FAQs | User Guide: Ultimate Trading Suite](#faqs-user-guide-ultimate-trading-suite) - [Limit Orders | User Guide: Ultimate Trading Suite](#limit-orders-user-guide-ultimate-trading-suite) - [Post-Only Orders | User Guide: Ultimate Trading Suite](#post-only-orders-user-guide-ultimate-trading-suite) - [Market Orders | User Guide: Ultimate Trading Suite](#market-orders-user-guide-ultimate-trading-suite) - [Customize Interface | User Guide: Ultimate Trading Suite](#customize-interface-user-guide-ultimate-trading-suite) - [Immediate-or-Cancel Order | User Guide: Ultimate Trading Suite](#immediate-or-cancel-order-user-guide-ultimate-trading-suite) --- # What is ULTRADE | ULTRADE Litepaper ULTRADE brings the most significant advancement in crypto trading to the market since CEXs and DEXs were invented. NATIVE EXCHANGES (NEXs) - the Trading 3.0 technology. Centralized Exchanges (CEXs) have been around since the early days of Bitcoin and are considered the Trading 1.0 technology. They are still the most used technology for trading and have significant downsides and risk for traders because they require the user to give up control over their coins and tokens in order to trade (custodial trading). DEXs have been around for several years and are considered the Trading 2.0 technology which brought the ability to trade without giving up control of coins (non-custodial trading). DEXs have only managed to capture about 10% of market trading volumes and have significant drawbacks as well, such as reduced ability to control trade pricing, MEV attacks, slippage, clunky crosschain functionality, bridge-related risks for crosschain swaps and more. ULTRADE's Trading 3.0 brings new technology to the market called Native Exchanges (NEXs). A NEX enables Bridgeless Crosschain Orderbook trading with unified orderbook liquidity across 12+ blockchains with non-custodial asset deposits and native wallets, yet completely without bridged (wrapped) assets. * Deposit and withdraw any asset from any chain natively without bridging wrapped assets, * Manage limit/market orders on an orderbook with a single wallet from any chain to trade ANY TOKEN FROM ANY CHAIN, * Always keep control and custody over assets, * No gas costs for trading. Use a wallet from any supported chain. No gas tokens needed. * Liquidity is unified across all chains, * No MEV attacks, * No slippage. “ULTRADE is what CEXs should have been, and what AMM DEXs couldn’t be” ### [](#orderbook-trading) Orderbook Trading: Unlike AMM Swaps, ULTRADE’s orderbook provides p2p limit and market orders with Taker/Maker orders and pricing. _“Orderbooks are the most used form of trading both in TradFi and in Crypto. Orderbooks provide significant advantages for traders, such as:_ _Price Discovery: Order books provide transparent and dynamic pricing based on supply and demand. Traders can see the depth of the market, with visible bid and ask prices, allowing for more informed decision-making._ _Control Over Orders: Traders have more control over their trades, like setting specific prices (limit orders) or executing at the best available price (market orders).”_ ### [](#crosschain) Crosschain: Unlike basic orderbook DEXs in the market, ULTRADE enables trading across 12+ blockchains with a limit order book (CLOB), with shared liquidity across all chains. ULTRADE supports Ethereum, Solana, Polygon, Arbitrum, BNB, Avalanche, Optimism, Base, Algorand, and plans to add additional chains such as Sui, Near and native Bitcoin. ### [](#self-custody) Self-Custody: Unlike Centralized exchanges that require users to give up control of assets when they deposit into the exchange to trade, ULTRADE is a non-custodial exchange where users deposit assets into a smart contract and are always in control of their funds. ### [](#bridgeless) Bridgeless: Typical orderbook dexs can only enable trading on the specific chain they are built for. To trade an asset from another chain, users must first bridge the asset from its origin chain to the chain on which the dex is built, then deposit the asset to trade. This bridging creates a wrapped asset and, since each bridge has its own wrapped asset, only a wrapped version that is actually listed on the dex can be traded, so users must use that specific bridge. It is a flawed process with very high friction, making it impractical and exposing users to bridging security risks. ULTRADE does not require any wrapped asset bridging. Users can deposit native assets from any of the 12+ chains supported by the platform and trade them natively and seamlessly. Pairs such as SOL/ETH are as simple and seamless to create and trade as they would be on a CEX. ### [](#whitelabel-defi-as-a-service-infrastructure) Whitelabel DeFi-as-a-Service Infrastructure: Beyond the NEX trading technology innovation, ULTRADE brings another massive innovation to the market with “Whitelabel Trading” infrastructure that finally puts ownership of crypto trading services and token listings back where it belongs - in the hands of Projects, Builders and Communities. ULTRADE puts Trading 3.0 technology directly in the hands of those who are actually building and contributing to the world of Crypto and Web3, enabling anyone to launch a branded version of ULTRADE’s Native Exchange technology in 10 minutes without any development and zero cost. Think of it as the “Amazon AWS” or “Shopify” of crypto trading. A Native Exchange (NEX) can be launched by anyone as their own branded whitelabel of the entire crosschain trading platform, enabling them to provide trading services to their users, set their own trading fees, collect trading fees as a new revenue stream, and most importantly list their own tokens for trading. This infrastructure works as a network of exchanges with shared liquidity across all chains and all partners. In todays’ market, tokenized projects are beholden to centralized exchanges for token listings. Not only do projects have to pay a lot of money to CEXs to get listed (often hundreds of thousands of dollars), but in the end, they even have to send their own users to those CEXs to buy or trade their own token. This means projects also lose retention of users and miss out on trading fees. ULTRADE’s DeFi-as-a-Service infrastructure provides an alternative where projects can launch their own trading platform and self-list their token for trading (as well as any other token in the network), and even gain co-listings from other partners in the network. * Provide branded crosschain orderbook trading services * List any markets * Self-List their own token for trading * Set trading fees * Earn trading fees * Gain additional utility for their own token * Deploy market making directly from the platform All completely self-served, without any development and at no cost. [PreviousStart Here](/new-ultrade-litepaper) [NextHow ULTRADE Works](/new-ultrade-litepaper/platform-overview/what-is-ultrade/how-ultrade-works) Last updated 2 months ago --- # NEX Technology and Architecture | ULTRADE Litepaper The landscape of digital asset trading has been dominated by two types of technologies: Centralized Exchanges (CEXs, trading 1.0) and Decentralized Exchanges (DEXs, trading 2.0). While CEXs offer superior trading technology and user experience (UX) with orderbooks, their custody and control of user assets pose a critical inherent risk which is increasingly seen as unacceptable by informed users and concerning institutional investors. On the other hand, DEXs are non-custodial, preserving user ownership of assets, but they typically utilize Automated Market Maker (AMMs) technology, which present numerous limitations compared to orderbook systems. Moreover, DEXs are prone to front-running through Miner Extractable Value (MEV) attacks, incur trading gas costs, and expose users to bridge risks for cross-chain trading. In response to these challenges, ULTRADE introduces Native Exchange (NEX) technology—a non-custodial, bridgeless cross-chain orderbook-based trading system that combines the best of both CEXs and DEXs. NEX technology allows users to trade and manage their native assets across multiple blockchains while maintaining full custody and security of their funds. By eliminating the need for bridging, NEX technology enhances user experience by removing the complexities and risks associated with cross-chain interactions. ULTRADE’s Native Exchanges are the world’s first Trading 3.0 technology, designed to meet the evolving needs of the digital asset market. In the next few pages we will describe the architecture of Native Exchange trading technology, its components and how they work together. [PreviousHow ULTRADE Works](/new-ultrade-litepaper/platform-overview/what-is-ultrade/how-ultrade-works) [NextNEX Core Components](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture/nex-core-components) Last updated 7 months ago --- # Supported Chains | ULTRADE Litepaper [PreviousSecurity](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture/security) [NextBusiness Model](/new-ultrade-litepaper/platform-overview/business-model) Last updated 1 month ago [](#ultrade-supports-the-following-chains) ULTRADE supports the following chains: -------------------------------------------------------------------------------------- [](https://ethereum.org/en) [](https://polygon.technology/) [](https://www.bnbchain.org/en) [](https://base.org/) [](https://solana.com/) [](https://arbitrum.foundation/) [](https://www.avax.network/) [](https://www.optimism.io/) [](https://www.algorand.foundation/) ### [](#coming-soon) Coming Soon: [](https://www.sei.io/) [](https://polkadot.network/) Among others. Ethereum Polygon BNB Base Solana Arbitrum Avalanche Optimism Algorand Bitcoin (BTC) TON --- # Component Interactions | ULTRADE Litepaper ULTRADE's architecture, while composed of three core components, is functionally divided into two major areas: Asset Management and Trading & Settlement. Each area handles specific interactions between components to ensure a seamless and secure trading experience. #### [](#id-1.-asset-management-vault-and-core-exchange-contracts) 1\. Asset Management: Vault and Core Exchange Contracts The Asset Management function handles user deposits and withdrawals across various blockchains. This process involves close interaction between the Vault Smart Contracts and the Core Exchange Contract: Deposits: * Users deposit native assets directly into a Vault Smart Contract on their respective chain. The Vault Smart Contract records the deposit and communicates with the Core Exchange Contract via GMP. * Upon receiving the deposit message, the Core Exchange Contract verifies the details and updates the user's balance within the system, allowing them to trade those assets on the ULTRADE platform. Withdrawals: * For withdrawals, users sign a withdrawal request using their Login Account. The request is processed by the Core Exchange Contract, which verifies the balance and the validity of the request. * Once verified, the Core Exchange Contract sends a GMP message to the corresponding Vault Smart Contract, instructing it to release the specified assets to the user’s designated account. The Vault ensures that the withdrawal is processed securely and directly, maintaining the non-custodial nature of the platform. This design ensures that all asset management operations are conducted natively, without the need for bridges or wrapped assets, thus enhancing both security and user experience. #### [](#id-2.-trading-and-settlement-core-exchange-contract-and-in-memory-matching-engine) 2\. Trading and Settlement: Core Exchange Contract and In-Memory Matching Engine The Trading and Settlement function is responsible for the execution of trades and the on-chain settlement of those trades, involving interactions between the Core Exchange Contract and the In-Memory Matching Engine: Order Submission and Matching: * When a user submits an order, it is processed by the Backend, where the In-Memory Matching Engine matches the order in real-time. This off-chain processing ensures low latency and high efficiency in finding matching orders without burdening the blockchain with unnecessary transactions. * Once a match is found, the matching engine sends the order details to the Core Exchange Contract for verification and settlement. Trade Verification and Settlement: * The Core Exchange Contract verifies the order details, including the signatures and balances, to ensure that the trade is legitimate and that both parties have sufficient assets to complete the transaction. * After successful verification, the Core Exchange Contract settles the trade by updating the respective user balances on-chain, ensuring that the transaction is recorded immutably on the blockchain. By separating these functions, ULTRADE ensures that the trading process is both fast and secure, with the added benefit of cross-chain functionality without the reliance on bridges or wrapped assets—a key innovation of the NEX technology. [PreviousNEX Core Components](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture/nex-core-components) [NextNEX Tech Advantages](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture/nex-tech-advantages) Last updated 7 months ago --- # Product Roadmap | ULTRADE Litepaper 1. Single-Chain Non-custodial orderbook exchange - ✅ 2. Whitelabel platform - ✅ 3. Bridgeless Crosschain Orderbook NEX - ✅ * Chains Supported 1. Algorand ✅ 2. Ethereum ✅ 3. Polygon ✅ 4. Arbitrum ✅ 5. BNB ✅ 6. Optimism ✅ 7. Avalanche ✅ 8. Base ✅ 9. Solana ✅ 10. Bitcoin - In progress 11. Sui 12. Aptos 13. Near 14. TON 15. Tron * Liquidity solutions 1. Direct Market makers integration to admin panel - In progress 2. Community Hummingbot * Connector development - ✅ * Token rewards 3. Crosschain LP pools via orderbook-integrated AMM - IN PROGRESS 4. Whitelabel Token Utility Features - EST Q4 2024 5. Crosschain Leveraged Perpetuals - Est Q1 2025 * Crosschain Lending/borrowing for perpetuals 6. Crosschain Margin Spot trading - Est Q1 2025 * Crosschain Lending/borrowing for margin 7. Compliance Layer * Permissioned trading via whitelists * Permissioned trading via Crosschain DiD (decentralized identity) 8. Crosschain Leveraged Power-Perpetuals [PreviousLiquidity Solutions](/new-ultrade-litepaper/platform-overview/liquidity-solutions) [NextDeposits and Withdrawals](/new-ultrade-litepaper/native-exchange-nex/deposits-and-withdrawals) Last updated 7 months ago --- # Business Model | ULTRADE Litepaper While ULTRADE’s Bridgeless Crosschain Orderbook technology is on the bleeding edge of the crypto market, it is also leading the market with its DeFi-as-a-Service infrastructure technology and business model, A world-1st which further differentiates ULTRADE from competitors in the market. In a trading market that has been marred by nefarious CEXs on the one hand, and AMM copycats on the other, ULTRADE has identified a problem not just on the trading technology side itself, but rather also a major problem that affects thousands of crypto projects, builders and communities: If trading is a generic commodity technology, why must projects pay hundreds of thousands of dollars to CEXs to list their tokens, only to then be forced to send their users to these exchanges to trade, instead of being self-sufficient and provide value-add trading services to their users directly, self-list their tokens for trading, and earn revenue from these activities? _**ULTRADE’s answer to this is simple: They don’t!**_ Our DeFi-as-a-Service whitelabel platform enables any project or even individual to launch their own branded version of the entire trading platform in minutes, no dev required and zero cost. With a shared liquidity network across 12+ chains and across all whitelabel partners, where brands can self-list their own tokens, co-list each other’s tokens, set their own trading fees and earn those fees, ULTRADE is solving this problem and changing the game. ULTRADE employs a B2B2C business model whereby its growth is scalable, gaining trading users through whitelabel partners instead of spending enormous amounts of capital on direct retail customer acquisition. With a revenue sharing model and no upfront whitelabel costs, ULTRADE is completely aligned with its whitelabel partners, while partners are aligned with each other as they benefit from co-listing each other’s tokens and enjoying shared liquidity and trading volumes. These network effects are expected to exponentially grow the value of the network over time as more and more partners join. [PreviousSupported Chains](/new-ultrade-litepaper/platform-overview/supported-chains) [NextTrading Products](/new-ultrade-litepaper/platform-overview/trading-products) Last updated 1 year ago --- # Liquidity Solutions | ULTRADE Litepaper Orderbooks provide significant advantages over AMMs for trading, yet, providing liquidity in an orderbook is inherently a more complex process, typically involving specialized Market Making bots. In an orderbook DEX this can be even more complicated, and, for the most part, precludes the general community members from participating in liquidity provisioning in orderbook dexs. ULTRADE is bringing several distinct liquidity solutions, both professional as well as community-oriented. [](#community-solutions) Community Solutions ------------------------------------------------- ### [](#opensource-market-making-bot) Opensource Market Making Bot: ULTRADE has developed a connector for the Hummingbot market making bot. This solution will enable any project that self lists its token for trading to a) perform their own market making and/or b) enable their communities to easily perform semi-pro market making and earn rebates and token rewards. This open source bot is easy to set up and run, making it a great solution for intermediate skilled users. ### [](#orderbook-liquidity-pools-olp) Orderbook Liquidity Pools (OLP): ULTRADE is developing a unique crosschain Orderbook Liquidity Pool (OLP) product which spreads an AMM liquidity across the orderbook. This solution allows anyone to provide liquidity to the orderbook with no technology skills, exactly like they would with a typical AMM. This highly advanced solution enables community members of projects to support liquidity on the orderbook, earn LP ROI, as well as token rewards. [](#professional-market-making) Professional Market Making --------------------------------------------------------------- ### [](#integrated-market-makers-for-whitelabel-token-listings) Integrated Market Makers for Whitelabel Token Listings: One of the hurdles for projects who list tokens on CEXs is finding a market maker. ULTRADE simplifies and streamlines this process by integrating market makers directly into the whitelabel admin panel, enabling whitelabel partners to launch their market making inside the platform with minimal friction. ### [](#market-maker-partners-for-major-tokens) Market Maker Partners for Major Tokens: To bring liquidity for major token pairs in the network, ULTRADE is engaging with industry leading market makers who will bring liquidity into the platform. [PreviousTrading Products](/new-ultrade-litepaper/platform-overview/trading-products) [NextProduct Roadmap](/new-ultrade-litepaper/platform-overview/product-roadmap) Last updated 1 year ago --- # Crosschain Interoperability Messaging | ULTRADE Litepaper ULTRADE is a Bridgeless Crosschain Orderbook Native Exchange (NEX). It consists of a core exchange contract called CORE3 and satellite Vault contracts that communicate with it from multiple chains. To facilitate decentralized and secure communications, ULTRADE uses the Wormhole Generic Messaging interoperability protocol. When a transaction occurs in one of the ULTRADE contracts, for example to perform a deposit, the contracts initiate a message via the Wormhole Core contract. The message is then attested and signed by the WH Guardian network, delivered to the destination contract on another chain (for example ULTRADE’s CORE3) where the message signatures are verified for authenticity, checked for validity (expiration, duplication, data content integrity etc), and finally instructions are executed in accordance with the content of the message. Roadmap: Over time ULTRADE may add additional messaging protocols for redundancy and further expansion of the number of chains supported. ULTRADE is currently planning to add LayerZero integration to facilicate redundancy and support for additional chains. [PreviousNEX Tech Advantages](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture/nex-tech-advantages) [NextSecurity](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture/security) Last updated 7 months ago --- # NEX Tech Advantages | ULTRADE Litepaper #### [](#id-1.-cross-chain-compatibility-without-bridging) 1\. Cross-Chain Compatibility Without Bridging NEX allows users to manage and trade assets across multiple blockchains using a single Login Account, without the need for asset bridging or wrapping. This approach significantly reduces the risks associated with bridging, such as liquidity fragmentation, smart contract vulnerabilities, and complexity. #### [](#id-2.-non-custodial-and-secure) 2\. Non-Custodial and Secure ULTRADE's technology ensures that users maintain full custody of their assets throughout the trading process. The system is designed so that only the user’s Login Account has the authority to initiate withdrawals, and all trades are verified and settled on-chain, providing transparency and security. #### [](#id-3.-efficient-and-scalable) 3\. Efficient and Scalable By utilizing an in-memory matching engine, ULTRADE achieves high-speed order matching while maintaining the security and transparency of on-chain settlement. This hybrid approach balances performance with decentralization, making it suitable for large-scale adoption. ### [](#conclusion) Conclusion ULTRADE's Native Exchange (NEX) technology represents a significant advancement in cross-chain asset trading, offering a secure, efficient, and user-friendly solution for trading native assets across diverse blockchain ecosystems. By eliminating the need for bridging or wrapping assets and ensuring non-custodial management, ULTRADE positions itself as a leader in the next generation of decentralized finance (DeFi) infrastructure. [PreviousComponent Interactions](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture/component-interactions) [NextCrosschain Interoperability Messaging](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture/crosschain-interoperability-messaging) Last updated 7 months ago --- # How ULTRADE Works | ULTRADE Litepaper ULTRADE’s trading system is a collection of smart contracts on multiple chains that communicate with each other through interoperability messaging (Generic Message Passing). Native bridgeless asset deposits are made on each chain and communicated to the Crosschain Orderbook Exchange contract called CORE3. Orders are sent as signed messages from user wallets to the in-memory matching engine, which in turn reports matches back to CORE3. The CORE3 contract manages funding non-custodially, verifies order signatures, order matching, balances, executes orders and settles trades on-chain. The ability to deposit assets natively without bridging means that any asset from any of the supported chains can be deposited and traded directly with any wallet, without creating any wrapped assets. A user may login to the platform with a single wallet from any chain and trade tokens from all chains using that wallet. There are no gas costs associated with order management (creation/cancellation), and gas costs are only paid for deposits and withdrawals based on the specific chain of the tokens. The platform is simple to use, yet it provides functionality that has been missing from the market. Let’s review the user journey in this scenario: To begin trading a user simply connects a wallet and signs a “login” message. This wallet is now their “account” wallet with which they manage their trading. The wallet can be from any of the 12+ chains supported. Let’s assume the wallet is from the Ethereum network via Metamask. The user now wants to trade in a SOL/ETH market. The user can deposit ETH from the Ethereum account. However, they can also connect a Solana wallet and deposit SOL. Since the Ethereum account is their Login account, the deposits of any assets from any chain get credited by the smart contracts to that login account, regardless of the chain it originates from. The user now has balances for his account and can begin trading. To place an order to Buy or Sell, the user simply signs an order message with their login wallet. The order is matched by the in-memory matching engine and is then verified, executed and settled by the smart contracts on-chain, where the user’s balances are updated in accordance with the trade. The user can therefore Buy a SOL token with his Ethereum wallet completely natively, without bridging assets and without paying gas fees. If the user wishes to withdraw assets, they sign a withdrawal message with their login account wallet. The withdrawal message contains the destination address for the withdrawal, which can be a wallet (account) from the specific chain of the token they are withdrawing, regardless of which chain their Login wallet is from. In the example above, the user can sign a withdrawal request with its Ethereum Login account to withdraw SOL tokens to any Solana wallet they want. As described above, the user experience in ULTRADE combines the best and most important elements from DEXs and CEXs, without their downsides. Unlike a CEX, ULTRADE is non-custodial, so the assets are always controlled by the user Login Wallet, yet it allows natively depositing and withdrawing assets from any of the 14+ supported chains, exactly like in a CEX. Unlike an AMM DEX, ULTRADE enables bridgeless crosschain orderbook trading with limit and market orders, and without trading gas costs, MEV attacks or bridge risk. Furthermore, trading pairs can also be crosschain, pairing assets from different chains. For example a crosschain pair SOL/ETH where SOL is native from Solana and ETH is native from Ethereum. [PreviousWhat is ULTRADE](/new-ultrade-litepaper/platform-overview/what-is-ultrade) [NextNEX Technology and Architecture](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture) Last updated 1 month ago --- # NEX Core Components | ULTRADE Litepaper ULTRADE is designed with a fit-for-purpose hybrid architecture where each component is focused on delivering a critical aspect of the overall system in the most efficient and practical way possible. This architecture delivers an optimal combination of security, usability, efficiency, scalability, and cost-effectiveness. The system is composed of three tightly integrated core components: #### [](#id-1.-core-exchange-contract-on-the-algorand-chain) 1\. Core Exchange Contract on the Algorand Chain The Core Exchange Contract is the central hub of ULTRADE's system, responsible for verifying and settling trades, managing user balances, and ensuring the integrity of cross-chain transactions. Deployed on the Algorand blockchain, this contract benefits from Algorand’s high throughput, low latency, and cost-efficiency. The Core Exchange Contract interacts with the Vault Smart Contracts on various chains through Generic Message Passing (GMP) to update balances, execute withdrawals, and maintain the overall security and transparency of the trading process. #### [](#id-2.-vault-smart-contracts-multichain) 2\. Vault Smart Contracts - Multichain Vault Smart Contracts are deployed on each supported blockchain, whether EVM or non-EVM based, including Ethereum, Polygon, Avalanche, Arbitrum, Optimism, Base, Algorand, Solana, Aptos, Sui, Near, Tron, TON, and more. These Vaults are crucial for handling deposits and withdrawals of native assets, ensuring that users' funds remain on the original chain without any need for wrapping or bridging. Deposit Process: * Users deposit native assets into a Vault contract on any supported chain. The deposit transaction includes additional metadata, specifically the "Login Account" of the user, which is the wallet address used to log into the platform. * The Vault verifies the deposit details and sends a message via a Generic Message Passing (GMP) service (Wormhole and LayerZero for redundancy) to the Core Exchange Contract on the Algorand chain. * The Core Exchange Contract verifies the message's origin, authenticity, and the details of the deposit. Upon verification, the user's Login Account balance is updated on-chain, making the assets available for trading within the ULTRADE ecosystem. Withdrawal Process: * Users initiate withdrawals by signing a withdrawal message with their Login Account and submitting it to the API. * The Core Exchange Contract on Algorand verifies the signature, checks the balance, and validates the withdrawal request. * Once verified, the Core Exchange Contract sends a GMP message to the appropriate Vault contract on the relevant chain, instructing it to release the specified token amount to the designated recipient account. * The Vault contract verifies the sender's authority and processes the withdrawal, ensuring that the assets are securely transferred to the user's requested address. #### [](#id-3.-backend-with-in-memory-matching-engine) 3\. Backend with In-Memory Matching Engine The Backend includes an In-Memory Matching Engine that processes and matches orders in real-time. By handling the intensive computational work off-chain, the Backend ensures that order matching is performed with minimal latency, delivering the speed and efficiency expected from a professional trading platform. Despite being off-chain, the matching engine works in tandem with the on-chain Core Exchange Contract to ensure that all trades are verified and settled on-chain, maintaining the non-custodial nature of the platform. Together, these components form a cohesive system that addresses the challenges of cross-chain trading while preserving the advantages of non-custodial asset management and orderbook-based trading without any bridges or wrapped assets. [PreviousNEX Technology and Architecture](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture) [NextComponent Interactions](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture/component-interactions) Last updated 7 months ago ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXf6G-bBpJEm0r1kMswMXNWmF5UCrIXUG9fvabkgFFGg5wV8mz_zk5pVHyuHy3UzQhN4Bicz1DEg_13pvXF6Isy902c0VTJTPfL87Fo5jC6fopbNjZyn6uMLCNhCsvQb47Mhn-eT8I7OUweqlDCjmDCt0dpJ%3Fkey%3DPi5THzGG2mDeAX2p9PU8Ow&width=768&dpr=4&quality=100&sign=506833ac&sv=2) --- # Security | ULTRADE Litepaper [PreviousCrosschain Interoperability Messaging](/new-ultrade-litepaper/platform-overview/what-is-ultrade/nex-technology-and-architecture/crosschain-interoperability-messaging) [NextSupported Chains](/new-ultrade-litepaper/platform-overview/supported-chains) Last updated 3 months ago L1 Security: ULTRADE CORE3 operates on the Layer-1 Blockchain Algorand, the most secure and performant blockchain in the market. ULTRADE does not run its own AppChain or L2 and is therefore not susceptible to various security concerns of such custom chains. All order executions and trade settlement are performed on the Algorand chain directly. Non-Custodial Asset Management: All deposits are 100% non-custodial, utilizing smart contracts and crosschain messaging. At any point in time the user’s Login Wallet Account is the only one in control of the user’s assets. The contracts communicate deposits and withdrawals via interoperability crosschain messaging, and at no point is ULTRADE in control of the user assets. Bridgeless Deposits and trading: ULTRADE does not wrapped assets, which means assets are not "minted" as wrapped versions on another chain, further reducing security concerns related to asset bridging. Security Audits: ULTRADE’s smart contracts have gone through an extensive audit and passed it with flying colors. They can be found here: [](#native-exchange-order-execution-and-settlements-contract-on-algorand) Native Exchange Order Execution and Settlements Contract on Algorand: ---------------------------------------------------------------------------------------------------------------------------------------------------- [](#evm-vault-contract) EVM Vault Contract: ------------------------------------------------ [](#crosschain-for-evm-less-than-greater-than-algorand-contracts) Crosschain for EVM<>Algorand Contracts ------------------------------------------------------------------------------------------------------------- [](#solana-vault-and-crosschain-for-solana-less-than-greater-than-algorand-contracts) Solana Vault and Crosschain for Solana<>Algorand Contracts ----------------------------------------------------------------------------------------------------------------------------------------------------- [https://drive.google.com/file/d/1dT96CzoTCMjtJ4lkiFzPltXZOd-4CyOq/view](https://drive.google.com/file/d/1dT96CzoTCMjtJ4lkiFzPltXZOd-4CyOq/view) [https://drive.google.com/file/d/1qSojTKjlLv5or\_0PbuC3dK9SnmYYxhHs/view](https://drive.google.com/file/d/1qSojTKjlLv5or_0PbuC3dK9SnmYYxhHs/view) [https://drive.google.com/file/d/1fK3APwFN2HI5f9ewi5Vv5cSu-7-qSNmZ/view](https://drive.google.com/file/d/1fK3APwFN2HI5f9ewi5Vv5cSu-7-qSNmZ/view) [https://drive.google.com/file/d/1yB-WhPrFF-4q-TjGgcowEX9AqxOhR4fQ/view](https://drive.google.com/file/d/1yB-WhPrFF-4q-TjGgcowEX9AqxOhR4fQ/view) --- # Trading Products | ULTRADE Litepaper [PreviousBusiness Model](/new-ultrade-litepaper/platform-overview/business-model) [NextLiquidity Solutions](/new-ultrade-litepaper/platform-overview/liquidity-solutions) Last updated 2 months ago ULTRADE’s first product is the Spot trading Bridgeless Crosschain Orderbook NEX. It is the core of the platform, from which additional products will be derived. The spot trading is currently available on Mainnet to partners and their users. To launch your own NEX please go to our main website and fill out the form. You can also try it on Testnet here: [](#product-roadmap) Product Roadmap: ------------------------------------------ ### [](#crosschain-leveraged-perpetuals) Crosschain Leveraged Perpetuals: Planned for Q3 2025, the leveraged perps will be incorporated into the platform utilizing crosschain USDC deposits. ### [](#margin-trading) Margin Trading: Planned for Q3 2025, margin trading will be added to the Bridgeless Crosschain Orderbook NEX. ### [](#lending-borrowing) Lending/Borrowing: Planned in tandem with the Margin and Perps trading, the lending component will enable users to lend/borrow to facilitate leveraged trading. [![Logo](https://testnet.ultrade.org/favicon.ico)ULTRADE](https://testnet.ultrade.org/) --- # Launching a whitelabel with ULTRADE | ULTRADE Litepaper Launching a whitelabel version of ULTRADE’s platform takes about 10 minutes, requires no coding and costs nothing. To launch, simply register an account and log in. The platform provides a simple yet robust admin panel from which the entire whitelabel can be configured and branded. The admin panel provides an embed code that supports both vanilla html sites, as well as React applications. The application is fully desktop and mobile friendly. [PreviousOverview](/new-ultrade-litepaper/whitelabel-system/overview) [NextWhitelabel Customization](/new-ultrade-litepaper/whitelabel-system/whitelabel-customization) Last updated 1 year ago --- # Start Here | ULTRADE Litepaper [NextWhat is ULTRADE](/new-ultrade-litepaper/platform-overview/what-is-ultrade) Last updated 7 months ago * * * [](/new-ultrade-litepaper/platform-overview/what-is-ultrade) [](/new-ultrade-litepaper/native-exchange-nex/deposits-and-withdrawals) [](/new-ultrade-litepaper/whitelabel-system/overview) * * * Platform Overview Native Exchange (NEX) Whitelabel System ![Page cover image](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2F1391640625-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F4IGxNbY5NCKoeRKVDxkl%252Fuploads%252FnWPrj2nYaN7wREj6Q1UX%252FUltrade%2520Gitbook%2520Banner.png%3Falt%3Dmedia%26token%3D20ca5653-db93-478d-abd6-7718e33bee38&width=1248&dpr=4&quality=100&sign=d80512dd&sv=2) --- # Trading Fees | ULTRADE Litepaper In ULTRADE, trading fees are set by each whitelabel partner for their own brand. ULTRADE enforces a minimum Taker fee of 0.05% (5bps) [PreviousDeposits and Withdrawals](/new-ultrade-litepaper/native-exchange-nex/deposits-and-withdrawals) [NextOverview](/new-ultrade-litepaper/whitelabel-system/overview) Last updated 7 months ago --- # Deposits and Withdrawals | ULTRADE Litepaper Depositing assets into ULTRADE is done as one simple native transaction on the blockchain of the deposited token. Deposits are credited based on the length of time it takes to reach finality on that specific blockchain. The table below provides the estimated deposit finality time in each chain. The gas cost for deposits is the typical transaction cost of the token’s specific chain. * * * Withdrawals from ULTRADE are instantaneous for all chains. Withdrawal gas costs are the typical transaction cost of the token’s specific chain. Blockchain Est. Deposit Time Withdrawal Time Est. Cost (Deposits and withdrawals) Ethereum 5 - 10 min Instant $5 - $50 varies greatly based on gas prices Polygon ~1 min Instant $0.1 - $1.0 BNB ~1 min Instant $0.1 - $1.0 Avalanche Instant Instant $0.1 - $1.0 Solana Instant Instant $0.1 - $1.0 Arbitrum 8 - 15 min Instant $0.1 - $1.0 Optimism 8 - 15 min Instant $0.1 - $1.0 Base 8 - 15 min Instant $0.1 - $1.0 Algorand Instant Instant $0.1 - $1.0 Aptos Instant Instant Sui Instant Instant Near Instant Instant Please note that instant withdrawal costs on Ethereum are high and can fluctuate drastically based on gas prices at time of withdrawal. We are working on an optional withdrawal solution that enables a delayed witdrawal at a much lower cost. [PreviousProduct Roadmap](/new-ultrade-litepaper/platform-overview/product-roadmap) [NextTrading Fees](/new-ultrade-litepaper/native-exchange-nex/trading-fees) Last updated 3 months ago --- # Whitelabel Customization | ULTRADE Litepaper ### [](#brand-appearance) Brand Appearance In brand appearance the partner can customize up to 3 visual themes, logos, every single color and more, all through a point-and-click interface and no coding. ### [](#trading-fees) Trading Fees In this panel the partner can set their own trading fees, as well as collect fees they earned. Fees are settled in the smart contracts and the partner collects them in a decentralized fashion. ULTRADE does not have access to the fees earned by the partner. ### [](#trading-pairs) Trading Pairs In the trading pairs panel, the partner can view every trading pair that exists in the network and can list any of those pairs in their whitelabel dex with a single click. These pairs include shared liquidity across all chains and all partners, which means, when a partner lists an existing pair, their users immediately enjoy all the existing liquidity and trading volumes of that pair. Furthermore, a partner can create new trading pairs, for example, to self-list their own token. Other partners can see such self-listed pairs and choose to co-list them, creating network effects and value of collaboration between partners. ### [](#market-making) Market Making In the market making panel, partners can directly hire professional market making services for their listed token, making the process simple and streamlined. ### [](#whitelabel-token-utility) Whitelabel Token Utility In this section the partner can set their own token to utilize it for various functions in the platform such as: * Pair listing voting - token holders can stake to vote on which trading pair to list next in the partners brand * IODO listing voting - token holders of the WLP can vote on which token sale to list next * Trading discounts - token holders can stake partner’s utility token to gain trading discounts in his brand * Trading fee payment - token holders can pay trading fees with the partner’s token * Trading Fees Buy/Burn - a mechanism that uses accumulated trading fees to buy the partners Utility Token in the exchange market and burn it * Hummingbot MM token rewards (incentives) * Orderbook Liquidity Pools (OLP) liquidity token rewards (incentives) [PreviousLaunching a whitelabel with ULTRADE](/new-ultrade-litepaper/whitelabel-system/launching-a-whitelabel-with-ultrade) Last updated 1 year ago --- # Overview | ULTRADE Litepaper ULTRADE is a DeFi-as-a-Service infrastructure that enables anyone to launch their own branded DeFi trading platform. For example, a tokenized project such as an NFT platform, or GameFi project, other DeFi protocols, RWA companies and more, can: 1. Provide trading services for their users, increasing the value of their project 2. Self-List their own token for trading in their own trading brand 3. List any existing market from the ULTRADE network of exchanges 4. Set their own trading fees 5. Earn trading fees as a new revenue stream 6. Add more utility functions and value to their token 7. Access users across 12+ chains and gain exposure for their own token as part of the ULTRADE network of exchanges and shared liquidity [PreviousTrading Fees](/new-ultrade-litepaper/native-exchange-nex/trading-fees) [NextLaunching a whitelabel with ULTRADE](/new-ultrade-litepaper/whitelabel-system/launching-a-whitelabel-with-ultrade) Last updated 1 year ago --- # Welcome | User Guide: Ultimate Trading Suite Welcome to the Ultimate Trading Suite, a non-custodial Orderbook Native Exchange and Hybrid AMM. Decentralized Lending and Perpetuals are coming soon. Use this guide to discover how to use the trading tools. Happy trading! [NextCreate an Algorand Wallet](/user-guide/getting-started/create-an-algorand-wallet) Last updated 11 months ago --- # Orderbook DEX | User Guide: Ultimate Trading Suite An orderbook decentralized exchange (DEX) is a type of cryptocurrency exchange that operates on a blockchain and allows users to trade assets without the need for a central intermediary. It uses an order book to match buyers and sellers, similar to centralized exchanges. However, unlike centralized exchanges, an orderbook DEX allows users to retain control of their private keys and assets at all times, providing a higher level of security and decentralization. Orderbook DEXes differ from automated market maker (AMM) decentralized exchanges in that it allows traders to set a variety of orders like limit orders. A limit order is an instruction to buy or sell a certain asset at a specified price or better. For example, a trader might place a limit order to buy 1 BTC at $50,000 or less. This order will remain in the order book until it is filled by another trader who is willing to sell at that price or a better price. [PreviousConnect Your Wallet](/user-guide/getting-started/connect-your-wallet) [NextHybrid AMM](/user-guide/trading-tools/hybrid-amm) Last updated 2 years ago --- # Connect Your Wallet | User Guide: Ultimate Trading Suite [PreviousCreate an Algorand Wallet](/user-guide/getting-started/create-an-algorand-wallet) [NextOrderbook DEX](/user-guide/trading-tools/orderbook-dex) Last updated 2 years ago Once your Algorand wallet is set up, the following steps outline how to connect your Algorand wallet to the Ultimate Trading Suite: Step 1: Click ‘Connect Wallet’ Step 2: Enter the password for your Algo Wallet Step 3: You are ready to trade ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh5.googleusercontent.com%2F0oqquHhCHhKW8JXESxER4afQsAqwl8eIxBJD7EoG90hBXtRjh50uksTX3HkqNCJzCOsJ3JdL-iPTj7GDmA8dx95uunqHXbyy6IOdqC8auiQDNJHVGXyUzt4k6cVqJFrcMDXeYTVGS6Uwg1oLthosu6w&width=300&dpr=4&quality=100&sign=fa7feb91&sv=2) ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh3.googleusercontent.com%2FSJQl0IpjA7zQZZwz4B-UrV_uh860Y5So8PkHqBlWpowyv3x16CeLyWJiDAkGbvI_BMXJ3eAAZAZnWAIxeOl8lxSgvetznOT22p0VqRLj7KIlcE4LkVFvKMG1pjOEdE6026hr0s6cwGBPLa3BebFytjI&width=300&dpr=4&quality=100&sign=25aeed2d&sv=2) --- # Create an Algorand Wallet | User Guide: Ultimate Trading Suite [PreviousWelcome](/user-guide) [NextConnect Your Wallet](/user-guide/getting-started/connect-your-wallet) Last updated 2 years ago Create an Algorand wallet by completing the following steps: 1. Visit the 2. Read and accept the Terms of Service 3. Enter a strong and secure password to encrypt your wallet 4. Click ‘New Account’ 5. Write down your recovery phrase, which is a set of words that can be used to restore your wallet if you ever lose access to it. Keep this phrase in a safe place, as it cannot be retrieved once the wallet is created 6. Your wallet is now created, and you will be given a public address, which is the unique string of characters that others can use to send you tokens on the Algorand ecosystem 7. It is recommended to use a hardware wallet (Ledger or Trezor) to store your ALGO to ensure the highest level of security [Algorand wallet website](https://wallet.myalgo.com/home) ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh4.googleusercontent.com%2FrISBruyO4O8Kdy3mlrrJiuV1zHmlNlNBsbkvLND5Hw71se6XA9pJmJOaPd0WnKU3X2cGxOmBYszGlm6HJhDWqtuM0uRmcScjdBTiRxppK9zmQd2lnUXTtJhCZ4M9FcBbpanYK1341x5INKLHgJKhXN4&width=300&dpr=4&quality=100&sign=4344383e&sv=2) --- # Hybrid AMM | User Guide: Ultimate Trading Suite [PreviousOrderbook DEX](/user-guide/trading-tools/orderbook-dex) [NextTrading Pairs](/user-guide/trading-tools/trading-pairs) Last updated 1 year ago The Hybrid Aggregating Automated Market Maker (haAMM) leverages an aggregation of standard pair liquidity pools and orderbook directional liquidity to reduce slippage for the end user and give more price control to the provider. The haAMM alpha version is now live on Testnet Closed Beta for Whitelabel Partners to play with. This integration will include the following Algorand trading platforms, making it a solution for users seeking optimal trading opportunities: * Humble * Tinyman * Pact * ULTRADE pools ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh5.googleusercontent.com%2FOWtgSCACC_l2rNhfXnaAFN9xyXtNVB4H3ZKYL6_NGUgrTAdOwcRdoMVL0Vn1s10BfLOr8BNs_-qOg0GZ2SU4XTppXLLc0jVvxNKQMtS6vq1K1gETt_ahrg9SntPKtp0HHJORKv91SZ2gNZz4OBH_sYg&width=300&dpr=4&quality=100&sign=1cbcd603&sv=2) --- # Trading Pairs | User Guide: Ultimate Trading Suite [PreviousHybrid AMM](/user-guide/trading-tools/hybrid-amm) [NextMarket Orders](/user-guide/make-a-trade/market-orders) Last updated 2 years ago On the left-hand side of the interface, users can see all the trading pairs currently available for trading at any given time. Users can type token ticker names in the search bar to see if they are available. ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh3.googleusercontent.com%2FKvAzAqPq3esoPzT5YwFHn9ad9FvYdV33E7iSGXpuXPbqk-h3sAtEuljWUwKU0knf-tLjhk7S-u1rWfvfCvdbKYcvH_eJCIxR6I74aM8cdWQ7kHWq1ExQl7VQc3IiCx7IXFQmKTkX2jXOAm9pH52TbPI&width=300&dpr=4&quality=100&sign=c03e7959&sv=2) --- # FAQs | User Guide: Ultimate Trading Suite 1. Can I connect my MetaMask? _Currently, the Ultimate Trading Suite is exclusively available on the Algorand blockchain. Integrations with MetaMask and other blockchains will become available after the platform opens up multi-chain functionalities._ 1. When will Perpetuals become available? _Leveraged Perpetuals are projected to go live in Q4. The Leveraged Perpetual Contract module will enable a fully decentralized marketplace for the exchange of short and long positions on any supported crypto asset._ 1. When will the Decentralized Lending Marketplace become available? _The decentralized peer-to-peer lending marketplace is projected for Q4 and will allow for quicker access to leverage and simple use within the scope of other trading activities._ [PreviousCustomize Interface](/user-guide/interface/customize-interface) Last updated 2 years ago --- # Limit Orders | User Guide: Ultimate Trading Suite [PreviousMarket Orders](/user-guide/make-a-trade/market-orders) [NextPost-Only Orders](/user-guide/make-a-trade/post-only-orders) Last updated 2 years ago **What is a Limit Order** A limit order is a type of trade order where a trader sets a specific price at which they are willing to buy or sell an asset. This order will only execute if the market price reaches the limit price set by the trader. A limit order allows traders to control the price at which they trade and can be used to enter or exit a position at a specific price. Unlike market orders, limit orders do not execute immediately but instead wait for the market price to reach the limit price. **To place a Limit Order** Step 1: Connect your wallet Step 2: Select the cryptocurrency or asset you wish to trade, and select ‘Limit Order’ from the available order types Step 3: Enter the price at which you wish to buy or sell the asset in the ‘Limit Price’ field Step 4: Enter the amount of the asset you wish to trade in the amount field Step 5: You may use the slider tool to choose what percentage of your holdings you want to trade Step 6: Review your order details and confirm the limit order to complete the order ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh5.googleusercontent.com%2FarEO28XsRO83F9BqxYmTNu52VMIe12ePARMjsgaQAlxKQdxu5tApmZE82SsLd_AhnDQfndwE-NjGb58QW5kveInoS_pcE4uh6qMMpEVdyz1-K5hrDfwrBmokNPtWPWZXC2NyePHH0BAvYyvtFRO2JdA&width=300&dpr=4&quality=100&sign=661dceb4&sv=2) --- # Post-Only Orders | User Guide: Ultimate Trading Suite [PreviousLimit Orders](/user-guide/make-a-trade/limit-orders) [NextImmediate-or-Cancel Order](/user-guide/make-a-trade/immediate-or-cancel-order) Last updated 2 years ago **What is a Post-Only Order** A post-only order is a type of limit order. With a post-only order, the trader is indicating that they want to buy or sell a certain asset at a specific price, but only if the order does not immediately match with an existing order on the opposite side of the market (i.e. a buy order is only placed if there is no matching sell order at the same price or vice versa). This type of order is typically used to avoid ‘market-taking’ behaviors where a trader fills an order with existing orders rather than adding liquidity to the market. **To place a Post-Only Order** Step 1: Connect your wallet Step 2: Select the cryptocurrency or asset you wish to trade, and choose ‘Limit Order’ from the order types available Step 3: Toggle on ‘Post’ on the right-hand side of the limit order box Step 4: Enter the price at which you wish to buy or sell the asset in the Limit price field Step 5: Enter the amount of the asset you wish to trade in the amount field. You may use the slider tool to choose what percentage of your holdings you want to trade Step 6: Review your order details and confirm the limit order to complete the process ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh6.googleusercontent.com%2FpFG8FHOiZWqQLT6-5s2Vc4oiI-SM8Nz63WeQfagmDHQlaSWw9CyQMIQ-mgUon0rwXFRml8cWobk1LNvlRDRV-rVGMPbnS7D0D_FtrB3Tm8Qd7uGuGeRaa-cxjpRDEqegfCnO8oF4RzSAm2qLT8nP6DM&width=300&dpr=4&quality=100&sign=5ceb0315&sv=2) --- # Market Orders | User Guide: Ultimate Trading Suite [PreviousTrading Pairs](/user-guide/trading-tools/trading-pairs) [NextLimit Orders](/user-guide/make-a-trade/limit-orders) Last updated 2 years ago **What is a Market Order** A market order is a type of trade order where a trader requests to buy or sell an asset at the best available price in the market at the time the order is placed. Market orders execute immediately and do not have a specific price attached to them. The order is executed at the current market price, which means that the trader has no control over the price they will get. Market orders are used when the trader wants to execute the trade as quickly as possible, regardless of the price. It is the most basic and simplest form of order, and it is executed immediately at the best available price. **How to place a Market Order** Step 1: Connect wallet Step 2: Select the cryptocurrency or asset you wish to trade, and choose ‘Market Order’ from the order types available Step 3: Enter the amount of the asset you wish to trade in the amount field Step 4: Review your order details and confirm the market order to complete the process Step 5: You may use the slider tool to choose what percentage of your holdings you want to trade Step 6: Keep in mind that market orders execute immediately at the best available price, so the price you receive may be different from the current market price ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh6.googleusercontent.com%2Fstq30Lp0EoZJai5Ge9BSQ9VNUQWphnRDyJsDpL5IC8gTIDzFuJk4lXZSXssvp3ZG4tZaH8zIK7JQKq-N1JId0WYVI5uHykgq3BraNr0NKIrxNMvuPJxor9AEfH8x6RyZ0Phqfx5KWKd-AQgEosjYlyY&width=300&dpr=4&quality=100&sign=10a52bef&sv=2) --- # Customize Interface | User Guide: Ultimate Trading Suite [PreviousImmediate-or-Cancel Order](/user-guide/make-a-trade/immediate-or-cancel-order) [NextFAQs](/user-guide/resources/faqs) Last updated 2 years ago Users can customize their own Ultimate Trading Suite interface. Choose from dark mode, light mode, and purple mode. Users can also select which trading features they can see on their interface. _Dark mode_ _Light mode_ ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh6.googleusercontent.com%2FqZNzKuxtKOe29rWLkK3xagIUjsK1XfqemIXtOC8AlFbHoiCMtIlbGdXR8TEV88YvYqdXB_RHEPpLluKfi9zvwip_qNOenqYWMyFO3a_W5SnFWh03YQAYP4_tnCu4WggBgXvk3QEGva6gPxA6O_yGmnw&width=300&dpr=4&quality=100&sign=99e55403&sv=2) ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh3.googleusercontent.com%2FESe3Ir_wpY0FQE5T2yMStmOYznbQRwk5-Tfp2pHfRr_SU6MQgW9ffSlxNdHP_W2N3jsEn2uGzcSD9BEMRZlKU77hQJLvZx6QEw3D66DBkCMBlrP3xAePzUsgxkXh7FTJ_0yucQadC6MSxQmWmayqpbY&width=300&dpr=4&quality=100&sign=73c6b348&sv=2) --- # Immediate-or-Cancel Order | User Guide: Ultimate Trading Suite [PreviousPost-Only Orders](/user-guide/make-a-trade/post-only-orders) [NextCustomize Interface](/user-guide/interface/customize-interface) Last updated 2 years ago **What is an Immediate-or-Cancel Order** An Immediate or cancel (IOC) order is a type of order where the trader wants to buy or sell a specific asset at the current market price or better. This type of order requires that the order be filled immediately in its entirety; if not, the remaining unfilled portion of the order gets canceled. This type of order is particularly useful for traders who need to execute a trade quickly and do not want to risk the order being filled at a worse price than intended, or if the trader only wants to fill a portion of the order and the rest can be canceled. It is also commonly used in high-frequency trading strategies, where time is of the essence, and traders need to quickly take advantage of market fluctuations. **To place a Post-Only Order** Step 1: Connect your wallet Step 2: Select the cryptocurrency or asset you wish to trade, and choose ‘Limit Order’ from the order types available Step 3: Toggle on ‘IOC’ on the right-hand side of the limit order box Step 4: Enter the price at which you wish to buy or sell the asset in the Limit price field Step 5: Enter the amount of the asset you wish to trade in the amount field. You may use the slider tool to choose what percentage of your holdings you want to trade Step 6: Review your order details and confirm the limit order to complete the process ![](https://docs.ultrade.org/~gitbook/image?url=https%3A%2F%2Flh3.googleusercontent.com%2FQYCsNEYkVJW8_RNF_pPyyMb9hTMDUCE_kmDXiygNveDwBuPSyD6eAoybdsqqwAB8YQhlBj0gDK8g9KHhlwXVqzK51msr96KEwU5WKgr-2rhRdJ34f3u7JHxYZ-R0K8t_X50euaqVOsDJBjDUKsplI7U&width=300&dpr=4&quality=100&sign=13dce2c3&sv=2) ---