Singapore, Singapore, November 11, 2025, Chainwire
BSX LabBacked by Blockchain Capital and Coinbase Ventures, it brings expertise that has supported over $15 billion in order book trading volume. This team will help RISE develop an EVM-based synchronously composable orderbook primitive that bridges traditional financial markets.
RISE today announced the acquisition of BSX Labs, the team behind the BSX Permanent Exchange on the Base Network.
The BSX team’s experience in designing and operating hybrid orderbook trading systems will enable RISE to accelerate innovation for its fully on-chain orderbook product, which is a core use case for RISE’s high-speed Ethereum Layer 2 blockchain. This collaboration provides a unified orderbook primitive that benefits from synchronous composability with other DeFi applications, faster speeds and throughput, and increased compatibility between blockchain and traditional financial markets, opening new opportunities for both app developers as well as retail and institutional users.
“The BSX team has built an excellent trading engine that attracts high trading volumes and a loyal user base.” Sam Battenary, RISE CEO. “Integrating their technology and talent is an important strategic step for us. It accelerates our roadmap towards launching a native, best-in-class orderbook infrastructure at RISE.”
The market does not yet offer fully configurable order books on-chain and at scale. Existing solutions are either fragmented with custom execution or the underlying chain cannot support such scale. With huge growth predicted for stablecoins and tokenization, RISE, along with the BSX team, is making an arbitrary bet that integrated PERP and spot order books will become the preferred infrastructure for brokers, asset issuers, and retail traders.
The integrated order book gives retail brokers access to a wealth of liquidity and allows asset issuers to list spot and purp products for their assets. And users will have access to the best execution, new assets, and entirely new DeFi revenue opportunities.
BSX was launched in 2023 with cumulative trading volume of over $15 billion. This acquisition will make BSX token holders eligible for RISE’s upcoming native token airdrops, with 1.5% of the total supply of RISE tokens being allocated to BSX tokens currently circulating in the market.
“Joining RISE is a great opportunity for our team and community.” Avi, BSX Labs CEO. “We share a vision for a more performant and transparent future of on-chain transactions, and with RISE’s resources and ecosystem, we can now build that future at scale.”
As part of the integration, the BSX decentralized exchange (DEX) will be decommissioned in a structured one-week process. BSX DEX shutdown will begin on November 11, 2025 at 15:00 UTC. Users can visit the BSX Blog for instructions and details on closing positions and withdrawing assets.
About BSX Labs
BSX Labs was the developer of the BSX protocol, a decentralized perpetual exchange on Base. It is backed by Blockchain Capital, Coinbase Ventures, Arthur Hayes, and others. The BSX team has a strong background with past experience at Coinbase, Kraken, Jump, and FalconX.
About Rise
RISE is a high-performance Ethereum Layer 2 that powers on-chain programmable markets. Built for CEX-grade performance and full EVM composability. RISE enables builders, traders, and institutions to easily create and connect global order books with the thriving DeFi ecosystem. RISE is redesigning the financial stack for a transparent, configurable, and unstoppable on-chain economy.
contact address
C.G.O.
sasha mai
RISE Lab
sasha@riselabs.xyz
director
Henry Nguyen
BSX Lab
henry@bsx.exchange
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