Infinex is a decentralized perpetuals exchange developed by Synthetix founder Kain Warwick, designed to offer a CEX-like trading experience within a DeFi environment. Unlike typical DeFi platforms, it lets users create accounts with a username and password, while private keys are stored locally in the browser and withdrawals of deposited funds are disabled—improving both security and usability.

The platform uses Synthetix’s derivatives and stablecoins (like sUSD) for trading and generates revenue through trading fees, integrations, and SNX staking. Its goal is to attract CEX traders by providing a familiar, efficient interface while maintaining decentralization. Infinex is fully open-source to reduce regulatory risk and will be governed by the Synthetix (SNX) token.