Description
RabbitX was a decentralized cryptocurrency trading platform built on Ethereum, specializing in perpetual futures like BTC-USD. It offered users commission-free trading across over 100 markets with up to 50x leverage, professional charting tools, and an order book. The platform was backed by partners such as OKX Ventures, Sequoia, and Crypto.com, and had security audits from Zellic and Trail of Bits. As of recent announcements, RabbitX is winding down its operations. Key functions including order placement, vault staking, and deposits have been disabled, and users are advised to close all positions and withdraw their funds.