A year ago, ApolloX launched to fulfill demand for an accessible and decentralized crypto derivatives trading platform. As retail interest shifts to decentralized exchanges and derivatives products becomes increasingly popular, ApolloX provides tools to empower the crypto trader and contributes to the growth of the industry. Industry heavyweights recognize this: In June 2022, <a href="https://apollox.zendesk.com/hc/en-us/articles/7257782764441" rel="noopener noreferrer nofollow">ApolloX DEX secured seed funding</a> from Binance Labs, Kronos Research and five others.Today, ApolloX has cemented its position as a derivatives leader shaping the future of Web3 trading.Growing the ApolloX decentralized universeFrom the start, ApolloX products have focused on lowering barriers to entry to crypto and blockchain. With just a decentralized wallet, users can easily trade crypto futures on ApolloX DEX, whose interface was designed to be user-intuitive. <a href="https://apollox.zendesk.com/hc/en-us" rel="noopener noreferrer nofollow">ApolloX Help Centre</a> provides high-quality, informative tutorials for beginners new to futures trading. ApolloX’s partnership with <a href="https://apolloxdex.banxa.com/" rel="noopener noreferrer nofollow">fiat on-ramp solution Banxa</a> also allows users to easily convert over 20 fiat currencies into crypto.In just a year, ApolloX DEX has listed <a href="https://www.apollox.finance/en/futures/BTCUSDT" rel="noopener noreferrer nofollow">over 65 perpetual contracts</a>. We’re the biggest derivatives DEX on BNB Chain and in the top 10 DEXes according to CoinMarketCap. Furthermore, users can now use up to eight types of cryptocurrencies as collateral under <a href="https://apollox.zendesk.com/hc/en-us/articles/9081036390169" rel="noopener noreferrer nofollow">Multi-Assets Mode</a>.As a DEX, ApolloX is continuously improving on its degree of decentralization. The <a href="https://www.apollox.finance/en/governance" rel="noopener noreferrer nofollow">ApolloX DAO</a> is a culmination of ApolloX’s efforts to create a transparent and autonomous structure for the development of the platform. ApolloXplorers have already discussed and voted on <a href="https://snapshot.org/#/apolloxdao.eth" rel="noopener noreferrer nofollow">three governance proposals</a> relating to the protocol.Shaping the future of Web3 tradingWe’re thrilled about ApolloX’s work in the DeFi space and we have so much more to do. Recently, we launched <a href="https://www.apollox.finance/en/broker" rel="noopener noreferrer nofollow">ApolloX DEX Engine</a>, a one-stop decentralized derivatives trading solution for any broker partners looking to launch their own derivatives DEX. ApolloX DEX Engine has already <a href="https://apollox.zendesk.com/hc/en-us/sections/8578906934297" rel="noopener noreferrer nofollow">onboarded 12 partners</a>, some of them leading DApps in their respective circles.Just last month, ApolloX DEX added a novel <a href="https://apollox.zendesk.com/hc/en-us/articles/9809121176473" rel="noopener noreferrer nofollow">Chatroom</a> function with built-in translation and an emoji pack for users to chat while they trade. This function is in the development pipeline to be added to broker partners’ DEXes. ApolloX then launched the <a href="https://apollox.zendesk.com/hc/en-us/articles/9534906914329" rel="noopener noreferrer nofollow">Daily Rewards Program</a> to incentivize traders with daily APX rewards. We’re also doubly excited about <a href="https://www.apollox.finance/en/apolloXplore" rel="noopener noreferrer nofollow">ApolloXplore</a>, our upcoming space exploration prediction game.DeFi is the future and ApolloX has only scratched the surface of its potential. While ApolloX celebrates this milestone, we remain committed to providing viable, accessible solutions for both traders and businesses to thrive in Web3.Thank you for your continuous support and love for ApolloX!

ApolloX Celebrates 1st Anniversary!

APX

Other articles published on Sep 2, 2022

What Market Impact Could The California Crypto Regulation Bill Have?

Kommunitas August 2022 Monthly Report

Ethereum’s planned migration from a PoW mechanism to PoS

Top Cryptocurrency News: Congress Questions Coinbase, FTX, Binance, Kraken in Crypto Fraud Crackdown

DIGITAL JOURNAL: ISLAMICOIN (ISLAMI) Is Now Available for Trading on LBank Exchange

Crypto News Not to Miss Out

Join our free newsletter for daily crypto updates!