> For the complete documentation index, see [llms.txt](https://docs.emdx.io/emdx/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.emdx.io/emdx/emdxv2/emdxv2-protocol.md).
# EMDXv2 Protocol
## Order Book-Based DEX
EMDX offers a sound DEX Limit OrderBook- based exchange, currently running on Arbitrum Network, BASE and Optimism.
As a decentralized perpetual futures exchange, EMDX leverages the robustness of a Limit Order Book to offer users unparalleled liquidity and an experience akin to centralized finance (CeFi) platforms.
EMDX is built on the foundation of Orderly Network's cutting-edge, omnichain, permissionless exchange protocol.
This collaboration is a significant leap forward in our continuous efforts to enhance the EMDX platform and provide our users with an unmatched trading experience while paving the way to become a multichain protocol.
{% hint style="info" %}
**Documentation Update:** We are diligently working on the EMDXv2 documentation to ensure you have all the resources you need for an optimal trading experience. The comprehensive guide will be available soon. We appreciate your patience and are excited to support your journey on EMDXv2.
{% endhint %}
## Highlighting the features of the EMDX orderbook-based venue.
Among a number of institutional-grade tools and services, traders will find on this venue a user-friendly and CeFi like platform to trade a massive amount of assets (30 different markets will be available at launch time), full of professional widgets and user-centric market data delivery.
## Adding an Orderbook Venue for perps
Algonside with our vAMM- based exchange for perpetuals on traditional assets, EMDX users will enjoy an CLOB based venue to trade perps. According to our roadmap, we´ll be firstly launching perps on crypto assets, and gradually including traditional assets on the CLOB venue.
## Markets
EMDX initial product offering consits of 30 different cryptocurrencies and tokens, among which users will find native currencies from top networks and the most iconic tokens of the industry.
Available markets will be increased steadily as the platform stabilizes and get traction.
## Massive Liquidity
Key to EMDX’s allure is its provision of liquidity, a cornerstone of successful trading platforms. With a robust liquidity layer in place, liquidity is assured, facilitating seamless transactions and minimizing slippage.
## CEX-Level Performance: **Trading Speed and Low Latency**
Designed to meet the needs of HFT and institutional traders, EMDX offers low latency trading. Leveraging Orderly’s high-performance matching engine will complement this, ensuring rapid execution and a competitive edge in the market.
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