---
title: "Ekiden Launches on Canton Testnet as Network's First CLOB-Based Derivatives Exchange"
description: "Ekiden has launched on Canton Network's testnet as the first CLOB-based derivatives exchange on the network, with several trading firms already integrated and mainnet to follow."
url: "https://cantonnews.org/ekiden-launches-on-canton-testnet-as-network-s-first-clob-based-derivatives-exchange"
canonical: "https://cantonnews.org/ekiden-launches-on-canton-testnet-as-network-s-first-clob-based-derivatives-exchange"
markdown_url: "https://cantonnews.org/ekiden-launches-on-canton-testnet-as-network-s-first-clob-based-derivatives-exchange.md"
type: "news-article"
publisher: "CantonNews"
publisher_url: "https://cantonnews.org"
author: "CantonNews"
author_url: "https://cantonnews.org/author/cantonnews"
author_type: "organization"
date_published: "2026-06-15T12:39:03.796Z"
category: ["ECOSYSTEM"]
image: "https://pnyaxwohgkgczwuvbaqg.supabase.co/storage/v1/object/public/article-images/articles/1781527103847.png"
read_time_minutes: 2
language: "en"
---

# Ekiden Launches on Canton Testnet as Network's First CLOB-Based Derivatives Exchange

**By [CantonNews](https://cantonnews.org/author/cantonnews), Editorial Team** · Published 15 June 2026 · ECOSYSTEM

> Ekiden has launched on Canton Network's testnet as the first CLOB-based derivatives exchange on the network, with several trading firms already integrated and mainnet to follow.

![Ekiden Launches on Canton Testnet as Network's First CLOB-Based Derivatives Exchange](https://pnyaxwohgkgczwuvbaqg.supabase.co/storage/v1/object/public/article-images/articles/1781527103847.png)

[**Ekiden**](https://ekiden.fi/) has gone live on Canton Network's testnet, becoming the first central limit order book derivatives exchange to launch on the network. The platform is fully operational at [**app.cnt.ekiden.fi**](https://app.cnt.ekiden.fi/trades/default), with API access, points, referral, and VIP programs already active. Several trading firms are integrated and actively quoting.

The exchange combines an off-chain CLOB with deferred on-chain settlement, using Merkle commitments to maintain an auditable record of orders and price discovery on Canton without sacrificing execution speed. Settlement is batched and posted to the network periodically, balancing throughput with on-chain verifiability.

On performance, Ekiden is targeting execution latency of 5 to 15 milliseconds and claims capacity of 200,000 orders per second per market. Taker fees are set at 0.02%, with zero maker fees to incentivise liquidity provision. Users retain full custody of their assets throughout.

The testnet launch is the first step in a phased rollout. Upcoming milestones include a paper trading mode, a public market maker programme, and a mainnet launch. Ekiden is currently onboarding liquidity and integration partners.

---

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