Saint Vincent and the Grenadines, November fifteenth, 2023, Chainwire
The main non-custodial derivatives decentralized change (DEX) — ApeX Protocol proudly unveils the beta launch of USDT contracts as we speak. This important improvement marks ApeX as a pioneering DEXs, providing help for USDC and USDT perpetual contracts.
Recognizing USDT’s substantial share within the stablecoin market, accounting for 69.45%
as of November 15, 2023, ApeX takes a major step ahead by broadening its product vary. The introduction of USDT contracts, initiating with the BTC-USDT pair, supplies merchants with 50x leverage, with extra contract listings within the pipeline for the close to future. This strategic enlargement underscores ApeX’s dedication to user-centric innovation and responsiveness to market developments, reaffirming its place as a number one participant within the DeFi area.
As a part of this launch, ApeX is introducing the USDT Market Maker Incentive Plan, which presents contributors detrimental maker charges of -1.2 foundation factors for the preliminary 120 days. After this preliminary interval, contributors can entry long-term incentives of as much as -1.1 foundation factors based mostly on their buying and selling quantity.
Moreover, the launch comes with the 5,000 USDT Beta Bounty event, designed to reward merchants who actively take a look at the platform and present suggestions, recognizing their contributions to establishing a safe and optimum buying and selling expertise on ApeX.
“The integration of USDT contracts is not just about expanding our platform’s offerings; it’s a testament to our unwavering dedication to providing traders with tools that enhance efficiency and broaden opportunities. We believe in a decentralized future where trading is more accessible, transparent, and aligned with the true spirit of blockchain,” acknowledged Tekla I, the Head of Enterprise Growth at ApeX Protocol.
ApeX is a non-custodial buying and selling platform that delivers limitless cross-margined perpetual contracts to its metacommunity beneath a brand new social buying and selling framework. It’s primed to supply limitless entry to the perpetual swaps market with its order ebook mannequin, because it stays dedicated to the guarantees of pace, effectivity, and safety with transparency on merchants’ most popular derivatives buying and selling belongings.