Spot Trading Launched by CEX-DEX Crypto Derivatives Exchange ApolloX

Announcements, Blockchain, News | March 24, 2022 By:

Crypto derivatives exchange ApolloX has launched spot trading on both its centralized (CEX) and decentralized (DEX) exchanges to complement its core perpetual futures offering.

ApolloX claims to be the world’s first CEX-DEX hybrid crypto derivatives exchange. Launched in 2021, the ApolloX crypto ecosystem is fast-growing and boasts its centralized and decentralized exchanges, native token, ApolloX NFTs, crypto education channel and more. APX is ApolloX’s utility token which can be obtained as trading rewards on ApolloX.

USDT-based spot pairs BTC/USDT and ETH/USDT opened for trading on ApolloX CEX on March 22. More trading pairs will follow.

According to the company, its CEX leverages the largest liquidity pool in the world to provide deep liquidity and market depth, for easy order fulfilment. ApolloX’s decentralized exchange will aim to provide more spot trading pairs for users. A wide selection of popular pairs will be curated and listed in the coming months, starting next month.

Both ApolloX CEX and DEX utilize the order book system, where maker and taker orders for a particular asset are updated in real-time.

“Our unique hybrid design helps us cater to different trader profiles and ensure the best trading execution. Building on this, we are expanding into spot trading, which is and can be an important complement to our users’ trading strategies, especially when navigating market uncertainty,” said ApolloX Captain, Founder of ApolloX.