Markets

Trade Page

Summary Terrace’s synthetic pairs engine finds and executes the best path for any trade, from any token on any chain to any other token on any chain. It’s true cross-chain execution from one asset to another. This feature streamlines complex transactions and maximizes efficiency with users able to access better pricing and deeper liquidity in a single click.

This system turns what would normally require multiple bridges, wallets, and approvals into a single atomic transaction that routes across on-and-off-chain liquidity.

Overview Terrace’s synthetic pairs engine removes fragmentation by continuously scanning billions of possible routes to identify the optimal combination of venues and paths for every trade. Users can enter their input and output tokens, select their preferred amount, and choose between Market or TWAP orders for larger trades. Single-chain trades are bundled, multi-chain hops require multiple parallel transactions. Users only have to click once. By combining on-chain and off-chain liquidity, Terrace ensures users always get the best available price, with maximum efficiency and zero friction.

Pro Page

Summary Terrace’s main trading interface is the Pro Page. Users can search for any token pair and place trades seamlessly from a single interface. Additionally, traders can observe real-time order books, and monitor live bid–ask spreads across venues. Terrace offers Market, Limit, TWAP, and VWAP orders, letting traders manage execution strategy and timing.

Overview Crypto markets are fragmented; prices and liquidity vary widely across chains and venues. Terrace solves this fragmentation by consolidating every market into one aggregated view. The Terrace Router programmatically sources the best available execution route across connected venues. Terrace offers two routing algorithms (inclusive of solvers): Terrace DEX, which routes only via on-chain decentralized exchanges, and the primary Terrace router, which routes across both on-chain and off-chain venues for unified liquidity.

The Terrace router handles routing, inclusive of order and execution management, and settlement/clearing, which makes it unique in the market. Terrace’s routing logic distinguishes between three venue pillars: (1) on-chain exchanges; (2) off-chain exchanges; (3) Liquidity Providers (e.g., OTC desks, market makers, proprietary LPs). Each pillar uses its own infrastructure: on-chain exchanges use smart contracts, off-chain exchanges use centralized limit order books (CLOBs), and liquidity providers either stream quotes or use RFQs. Terrace’s routing layer abstracts these into one unified system, normalizing pricing, depth, and latency so orders can move freely across all three. The router also handles the fund movements across underlying venues to ensure settlement and clearing of funds to accounts, ensuring every trade completes seamlessly without manual bridging or venue switching.

Perps Page

Summary Terrace’s Perps Page allows users to trade perpetual futures with high leverage and institutional grade performance. Users can engage in sophisticated hedging or speculative strategies with up to 40x leverage depending on the asset. Funds within Terrace can be used to trade both spot and perpetuals interchangeably without manual transfers, eliminating the need to move funds between multiple venues.

Please note that perpetual futures are not available to users located in the United States.

Overview The Terrace Perps Page is currently powered by the Hyperliquid L1, a purpose built blockchain optimized for a highly performant central limit order book. This technology ensures sub second latency and transparent on chain execution for every trade. Users can easily place levered trades on Terrace by selecting their desired asset and using the leverage slider to multiply their market exposure. Terrace's interface provides advanced charting, real time position monitoring, and professional order types such as Take Profit and Stop Loss.

Unlike other platforms that require users to bridge assets to a specific perpetuals silo or manage separate margin accounts, Terrace offers a unified experience. Your balance on Terrace serves as a singular pool of liquidity, allowing you to transition from spot to perpetuals trading instantly. This integration removes the need for multiple wallets or complex deposit processes, ensuring your capital is always exactly where you need it to be to capture market opportunities.