November 15, 2023
ApeX Protocol, a leading non-custodial derivatives DEX, has announced the beta release of USDT contracts. This marks a significant milestone for ApeX as one of the pioneering DEXs, as it now offers support for both USDC and USDT perpetual contracts.
Recognizing the substantial share of USDT in the stablecoin market, accounting for 69.5% as of November 15, 2023, ApeX has taken a significant step forward by introducing USDT contracts. Initially starting with the BTC-USDT pair, traders can now enjoy 50x leverage, with additional contract listings planned for the near future.
This strategic expansion demonstrates ApeX's commitment to user-centric innovation and responsiveness to market trends. It reaffirms ApeX's position as a leading player in the DeFi space, providing traders with tools that enhance efficiency and broaden opportunities.
To celebrate the launch of USDT contracts, ApeX is introducing the USDT Market Maker Incentive Plan. Participants can benefit from negative maker fees of -1.2 basis points for the initial 120 days. After this period, long-term incentives of up to -1.1 basis points based on trading volume will be available.
ApeX is also hosting the 5,000 USDT Beta Bounty event, designed to reward traders who actively test the platform and provide feedback. This event recognizes their contributions to establishing a secure and optimal trading experience on ApeX.
Tekla I, head of business development at ApeX Protocol, stated, "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."
For more information about ApeX, visit their website, or follow them on Twitter and Telegram.
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