An ApeSwapdeveloper claims that the DEX wants to expand “to services previously reserved for centralized exchanges.”
Introducing Perpetual Features: ApeSwap
ApeSwap integrated the exclusive customizable DEX derivatives engine created by ApolloX in order to make its newest feature available to its community. Any blockchain protocol can use the engine to add derivatives trading to their platforms, with ApolloX’s trading infrastructure providing backend support. Users will be able to use the pro trading feature starting at 22:00 UTC on July 27, as ApeSwap stated via Twitter on July 26.
Days after launching the Stage 2 upgrade of its Decentralized Exchange (DEX), ApeSwap is getting ready to introduce a new product to its user base. A few hours from now, the well-known Decentralized Finance (DeFi) protocol’s Pro trading feature, which enables the trading of perpetual futures on its platform, will go live.
ApeSwap has been one of the top decentralized finance platforms on the BNB Chain in the past. On July 22, ApeSwap stated in a Medium post that one of its top priorities is to make DeFi accessible to its users. A prominent team member was reached by BSC News and provided some insight into ApeSwap’s long-term dedication to decentralized finance:
With these developments, Scott, Senior Fullstack Developer at ApeSwap, said, “We’re excited to expand our offering and bring perpetual futures to a larger market alongside ApolloX. Expanding to services reserved solely for centralized exchanges takes us one bit closer to bringing DeFi to the masses and enables ApeSwap to be a full DeFi Hub for users.
With such an advancement, ApeSwap had also been added to the list of well-known BNB Chain decentralized protocols that provide derivatives trading services through ApolloX, including PancakeSwap and BabySwap.
According to the new trend, decentralized platforms are starting to offer services that were previously only available on centralized platforms. It’s time for the ApeSwap community to get ready for a fresh DeFi journey.
What is ApeSwap?
ApeSwap is a decentralized finance (DeFi) platform offering a full suite of tools to explore and engage with the future of wealth building, overseen by the ApeSwap Decentralized Autonomous Organization (DAO).
Their community and partners can tap into the next generation of financial innovation through their decentralized exchange, utility token staking, premium launchpad, lending network, and NFT projects in a secure, transparent, and globally accessible way.
To learn more about ApeSwap, visit their website
To learn more about Decentralized Exchanges, read out article on What is Decentralized Exchange (DEX)?
