Decentralized exchange with Raiden off-chain state channel technology. While there are already decentralized exchanges, they are built on the blockchain and inherit the performance restrictions of global consensus systems, i.e. especially latency and limited transaction throughput, which result in low liquidity for these exchanges. These prevent them from being anywhere near practical for real world usage. The mentioned performance restrictions are overcome by off-chain state technology, i.e. the Raiden Network for Ethereum. As raidEX is based on the Ethereum platform and the Raiden Network, it is fully interoperable and leverages synergies with tokens and apps in the Ethereum ecosystem.