ApeSwap developer says the DEX wants to expand “to services historically reserved for centralized exchanges.”
ApeSwap Launches Perpetual Futures
Days after the Stage 2 upgrade of its Decentralized Exchange (DEX) went live, ApeSwap is set to unveil another product to its community. The popular Decentralized Finance (DeFi) protocol announced that its Pro trading feature, enabling the trading of perpetual futures on its platform, would be live in a few hours.
To bring its latest feature to its community, ApeSwap integrated the proprietary customizable DEX derivatives engine developed by ApolloX. The engine makes it possible for any blockchain protocol to incorporate derivatives trading on their platforms, supported from the backend by ApolloX’s trading infrastructure. As announced by ApeSwap via Twitter on July 26, users will be able to use the pro trading feature from 22:00 UTC on July 27.
Historically, ApeSwap has been one of the leading decentralized finance platforms on the BNB Chain. In a Medium post on July 22, ApeSwap said that making DeFi accessible to its users is one of its main priorities. BSC News caught up with a high-profile member of the team, who shared with us an insight into ApeSwap’s long-term commitment to decentralized finance:
“We’re excited to expand our offering and bring perpetual futures to a larger market along with ApolloX. Expanding to services historically reserved for centralized exchanges takes us one step closer to bringing DeFi to the masses and allows ApeSwap to be a full DeFi Hub for users. With advancements like these, we’ve never been more optimistic about the future of DeFi,” Scott, Senior Fullstack Developer at ApeSwap, said.
With this development, ApeSwap has joined the list of prominent BNB Chain decentralized protocols like PancakeSwap and BabySwap which offer derivatives trading services through ApolloX.
The new trend indicates a shift by decentralized platforms to offer services that used to be available only on centralized platforms. As for the ApeSwap community, it is time to get ready for a new DeFi adventure.
What is ApeSwap?
ApeSwap is a leading DEX on BNB Chain, which offers users the best trading experience. ApeSwap is a blend of a decentralized exchange, yield farming, staking, and an automated market maker (AMM). ApeSwap users are urged to partake in its liquidity pool offerings via yield farming to earn its native BANANA token. What’s more, these earned tokens can be used to stake and earn other tokens and unlock deluxe features.
Where to find ApeSwap:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.