ApolloX launches hybrid derivatives exchange (CEX-DEX)

Rick Steves

The CEX-DEX hybrid crypto derivatives exchange has plans to launch its native token in December.

ApolloX has announced the launch of a hybrid derivatives exchange: both centralized and decentralized (CEX-DEX) as the nature of the exchange is set to provide greater accessibility and choice in crypto trading.

The venue has launched the decentralized feature of the platform as the company reported an average daily volume of $180M two months after introducing the centralized exchange in September.

ApolloX DEX enhances privacy for users

The mission of ApolloX is to provide “incredible accessibility and anonymity to derivatives trading for both new and experienced traders”, offering access to short and long positions in USDT-based perpetual futures contracts with up to 100x leverage.

According to the firm, users can choose to trade on either or both the ApolloX CEX and DEX.

The decentralized exchange (DEX) facilitates increased privacy through a non-custodial, trustless environment that allows traders to bypass a sign-up process and simply connect to their wallets to start gas-free trading.

Traders who choose to store their assets on exchange can sign-up anonymously to trade using the exchange’s hot wallets. Both CEX and DEX offer a number of security measures including 2FA and address whitelisting.

ApolloX offers up to $3000 USDT to celebrate

The cryptocurrency exchange company is offering up to $3000 USDT in total rewards for all existing and new users, who have to connect their wallets to ApolloX DEX, deposit, and start trading to claim their share.

ApolloX aims to significantly reduce barriers to entry to trade crypto derivatives and has increased its offering to include 1000SHIBUSDT, SANDUSDT and DOTUSDT as well as BTCUSDT, ETHUSDT, and DOGEUSDT.

The CEX-DEX hybrid crypto derivatives exchange has plans to launch its native token in December.


Read this next

Retail FX

Interactive Brokers adds 680k accounts, daily trades hit two-year high

Interactive Brokers LLC (NASDAQ: IBKR) recorded 2.44 million daily average revenue trades (DARTs) in February 2024, marking a notable increase from the 2.2 million transactions observed in the previous month. This figure represents the highest DARTs reported in two years, indicating an 11 percent monthly surge and a 15 percent year-on-year rise.

Retail FX

Financial Commission adds Ultima Markets to membership roster

Multi-asset brokerage firm Ultima Markets, operating under the trading name Ultima Markets Ltd, has been granted membership of the Financial Commission, marking the most recent inclusion into the ranks of the self-regulatory organization.

Digital Assets

Bitcoin hits fresh record high amid massive short squeeze

Bitcoin has surged to record highs against both the euro and the pound, hitting €60,447 and £51,736 respectively on Coinbase. The primary cryptocurrency has seen an almost 7% increase in the past 24 hours.

Digital Assets

US court rules crypto trades as securities in Coinbase case

A US court ruled that trading crypto assets on platforms like Coinbase constitutes securities transactions.

Market News

Weekly Data: Oil and Gold: Brief Review before the NFP

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.

Institutional FX

FXSpotStream reports lower volumes for February 2024

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for February 2024, which moved lower on a monthly basis.

Fundamental Analysis

Global FX Market Summary: EUR, USD, Gold March 4th,2024

US Dollar Weakness: The US Dollar (USD) is currently struggling to gain strength due to a combination of factors.

Technical Analysis

Bitcoin Technical Analysis Report 4 March, 2024

Bitcoin cryptocurrency can be expected to rise further toward the next resistance level 69000.00 (former multiyear high from January)


Finding Opportunity in Challenge: Why New Regulations Offer a Chance For Business to Get on Top of Data Management

The combination of CESOP, PSD3 and the PSR, has put businesses under new pressures. In this engaging article, André Casterman, Senior Advisor at Intix provides invaluable guidance on how companies can stay ahead of the curve.