FinanceFeeds -

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.

The post ApolloX launches hybrid derivatives exchange (CEX-DEX) appeared first on FinanceFeeds.