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ApeX Protocol Debuts USDT Contract Listings with Negative Market Maker Fees and 5K USDT Rewards Pool

ApeX
ApeX Protocol Debuts USDT Contract Listings with Negative Market Maker Fees and 5K USDT Rewards Pool

15-Nov-2023 / 14:10 CET/CEST
The issuer is solely responsible for the content of this announcement.


NEWS RELEASE BY APEX

 

Saint Vincent and the Grenadines | November 15, 2023 07:01 AM Eastern Standard Time

 

The leading non-custodial derivatives decentralized exchange (DEX) — 

Recognizing USDT's substantial share in the stablecoin market, accounting for  

as of November 15, 2023, ApeX takes a significant step forward by broadening its product range. The introduction of USDT contracts, initiating with the , provides traders with 50x leverage, with additional contract listings in the pipeline for the near future. This strategic expansion underscores ApeX's commitment to user-centric innovation and responsiveness to market trends, reaffirming its position as a leading player in the DeFi space.

As part of this launch, ApeX is introducing the , which offers participants negative maker fees of -1.2 basis points for the initial 120 days. Subsequent to this initial period, participants can access long-term incentives of up to -1.1 basis points based on their trading volume.

Furthermore, the launch comes with the , designed to reward traders who actively test the platform and provide feedback, recognizing their contributions to establishing a secure and optimal trading experience 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," stated , the Head of Business Development at ApeX Protocol.

About ApeX

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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

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