Enclave Markets Launches EnclaveX, the First Permissionless and Fully Encrypted Exchange (FEX)

Enclave Markets has announced the launch of EnclaveX, the first permissionless and fully encrypted exchange (FEX). The perpetual futures exchange will allow

Enclave Markets has announced the launch of EnclaveX, the first permissionless and fully encrypted exchange (FEX). The perpetual futures exchange will allow traders to trade with a non-sanctioned wallet and get access to fully-encrypted trading, as well as deep liquidity pools, advanced execution tools, and cross-chain trading.

How does it achieve this level of encryption? The platform has decentralized its core operations, dividing them between a network of independent attestors. This guarantees that no single participant can control the trading environment.

Regarding the launch of EnclaveX, Enclave Marketes Chief Executive Officer (CEO) David Wells, said:

“The future of trading isn’t just on-chain – it’s encrypted, high-performance, and permissionless. We’re putting professional-grade execution in the hands of every trader while maintaining the exceptional performance that has made Enclave the platform of choice for serious traders.”

The EnclaveX launch is a crucial step in the company’s roadmap

EnclaveX allows traders to access cross-chain perpetual futures. However, the difference-maker is the fact that these futures can be traded using USD Coin (USDC) from multiple L1 and L2 blockchains, which currently include Avalanche (AVAX), Solana (SOL), and Ethereum (ETH) — all without the need for manual bridging.

What’s more, the EnclaveX launch is just the latest step in a rather comprehensive (and ambitious) roadmap. The platform also has plans for community ownership, expanded on-chain operations, and a trader reward program.

On top of that, the platform will introduce incentives for early adopters, including fee rebates, enhanced governance rights, and potential token distributions aligned with platform usage.

In the coming weeks, Enclave Markets will mark another milestone by launching Alpha Strats, thereby providing retail traders with access to professional hedge fund strategies. The company intends to maintain its previous permissioned institutional offerings alongside EnclaveX.