SushiSwap Acquires Cosmos-Based Derivatives Exchange Vortex Protocol

SushiSwap announced the acquisition of Vortex Protocol today for an undisclosed amount. Built atop Sei Network, a blockchain using Cosmos' tooling, the on-chain exchange will come under the SushiSwap umbrella as another product and will take a new name.

Vortex Protocol is a not-yet-launched decentralized derivatives exchange and will offer users 10x margin trading on a variety of assets. Sei Network and Sushi’s newly-acquired Vortex Protocol will both launch on mainnet in Q2 of 2023.