Saint Vincent, Grenadines, March twenty second, 2024, Chainwire
ApeX Protocol, a number one decentralized change (DEX) for derivatives buying and selling, announces ApeX Grid Bot, an automatic buying and selling instrument launching on March 22, 2024.
The inaugural ApeX Grid Bot empowers customers to leverage a strong automated buying and selling instrument, enabling them to execute customizable grid methods and capitalize on market fluctuations whereas benefiting from adverse maker charges of 0.002%.
Designed for each seasoned and novice merchants alike, ApeX Grid Bot will assist all USDT and USDC perpetual contracts accessible on ApeX Pro, permitting customers to customise their buying and selling technique with 2 distinct bot varieties: impartial and one-sided bots. Impartial bots, ultimate for sideways markets, will let merchants outline higher and cheaper price limits inside which the bot routinely executes purchase and promote orders. In the meantime, one-sided bots, excellent for dollar-cost averaging (DCA), will let customers execute longer-term funding methods and accumulate property over time.
The discharge of the ApeX Grid Bot comes with a particular benefit. Customers who make use of the bot for buying and selling will get pleasure from a adverse maker payment of 0.002%. Because of this customers won’t solely be exempt from buying and selling charges, however they will even earn 0.002% for every commerce executed by way of the bot. Moreover, since there are not any fuel charges related to buying and selling on ApeX, using grid technique on ApeX’s decentralized and self-custodial buying and selling platform turns into each handy and profitable.
“The launch of ApeX Grid Bot marks a first step forward in our commitment to empowering traders with automated trading tools on ApeX Pro,” stated Tekla I, the Head of Enterprise Growth at ApeX Protocol. “This tool enables users to capitalize on market movements and optimize trading efficiency, particularly in volatile market conditions. The introduction of negative maker fees aims to further incentivize traders to utilize the bot, enriching their decentralized and self-custodial trading experience with increased rewards.”
Marking a step in direction of the inception of a set of automated buying and selling instruments on the platform, ApeX Grid Bot underscores ApeX’s unwavering dedication to offering merchants with probably the most superior assist to reach the evolving panorama of decentralized finance.
About ApeX
ApeX is a permissionless and non-custodial derivatives decentralized change, powered by StarkWare’s Layer 2 scalability engine StarkEx, delivering USDC and USDT cross-margined perpetual contracts with over 40 buying and selling pairs and as much as 50x leverage. It’s primed to supply permissionless entry to the perpetual swaps market with its order ebook mannequin, because it stays dedicated to the guarantees of velocity, effectivity, and safety with transparency on merchants’ most popular derivatives buying and selling property.
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