The ApeSwap developer says the DEX wants to “extend to services historically reserved for centralized exchanges.”
ApeSwap introduces Perpetual Futures
Days after the Stage 2 upgrade of its Decentralized Exchange (DEX) went live, ApeSwap will introduce another product to its community. Popular protocol Decentralized Finance (DeFi) announced that its Pro Trading feature, which allows trading of perpetual futures on its platform, would go live in a few hours.
To bring its latest feature to its community, ApeSwap has integrated the proprietary customizable DEX derivatives engine developed by ApolloX. The engine enables any blockchain protocol to integrate derivatives trading on their platforms, supported from the backend by ApolloX’s trading infrastructure. As announced by ApeSwap on July 26th via Twitter, users will be able to use the pro trading feature from 22:00 UTC on July 27th.
Historically, ApeSwap has been one of the leading decentralized finance platforms on the BNB chain. In a July 22nd Medium post, ApeSwap said that making DeFi accessible to its users is one of its top priorities. BSC News spoke to a high-profile member of the team who gave us an insight into ApeSwap’s long-term commitment to decentralized finance:
“We are excited to expand our offering and bring perpetual futures to a larger market together with ApolloX. Expanding to services historically reserved for centralized exchanges brings us one step closer to bringing DeFi to the masses and allows ApeSwap to be a full DeFi hub for users. With advances like these, we have never been more optimistic about the future of DeFi,” said Scott, Senior Fullstack Developer at ApeSwap.source
With this development, ApeSwap has joined the list of prominent BNB chain decentralized protocols like PancakeSwap and BabySwap that offer derivatives trading services through ApolloX.
The new trend indicates a shift from decentralized platforms to services previously only available on centralized platforms. It’s time for the ApeSwap community to prepare for a new DeFi adventure.
What is ApeSwap?
ApeSwap is a leading DEX on BNB Chain that offers users the best trading experience. ApeSwap is a mix of decentralized exchange, yield farming, staking and an automated market maker (AMM). ApeSwap users are urged to participate in its liquidity pool offerings via yield farming to earn their native BANANA token. Additionally, these earned tokens can be used to wager and earn other tokens and unlock deluxe features.
Where to find ApeSwap:
Website | Twitter | Medium | Telegram | discord | Reddit | Instagram
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