ApolloX DEX
What Is ApolloX DEX?
ApolloX is the biggest decentralized crypto derivatives exchange on BNB Chain. Launched in 2021, ApolloX offers stable trading infrastructure, deep liquidity and market depth for perpetual futures trading. It provides the infrastructure to broker partners - who can earn commission on transaction fees - under its B2B trading solution ApolloX DEX Engine. In 2022, the exchange announced its transition to ApolloX DAO, expanding its decentralization efforts.
The exchange accumulated an aggregate trading volume of over $160 billion as of June 2022. Besides ApolloX Classic Mode, its original order book perpetual trading model for USDT contracts, it offers ApolloX Lite Mode, a simpler trading mode offering BUSD contracts (ALP-PERP). In Lite Mode, the counterparty of ALP-PERP contracts is the ALP liquidity pool. The ALP liquidity pool is made up of a basket of assets and staking ALP earns users staking yield. ApolloX's native token is APX, a utility and governance token.
Under ApolloX DEX Engine, broker partners make use of customizable branded trading interfaces to provide a native DEX experience. The exchange provides a high-capacity matching engine and robust security infrastructure with powerful API support and liquidity sharing. Potential exchange partners include wallets, exchanges, asset management platforms, swap platforms, trading bot platforms, social trading platforms, media and institutions.
Who Are the ApolloX Founders?
ApolloX was founded by a team of pseudonymous developers. The founder is “Captain,” who has more than ten years of experience in traditional finance and crypto. The operations lead “Venus” supervises the day-to-day operations of the exchange and has over five years of experience. “Katherine” is the growth lead, with over six years of experience, and is responsible for the exchange’s branding. The other members “Damien”, “Neptune”, and “Saturn” are heading business development, tech and product.
When Did ApolloX Launch?
ApolloX launched in December 2021. It secured seed funding from Binance Labs, Kronos Research and 5 other investors.
Where Is ApolloX Located?
The exchange does not provide any information about its location.
ApolloX Restricted Countries
At the time of writing, there is no information about restricted countries on this exchange.
ApolloX Supported Coins List
ApolloX supports perpetual trading for over 70 contracts including BTCUSDT, ETHUSDT, SOLUSDT, and many others.
How Much Are ApolloX Fees?
The exchange charges a 0.02% maker fee and a 0.07% taker fee for ApolloX Classic Mode (USDT contracts). It also charges a flat fee to cover transaction costs for withdrawals, while deposits are not charged. The exchange charges a 0.07% fee for trading BUSD contracts (ALP-PERP).
Traders automatically earn APX as rewards under the exchange's Trading Rewards Program. They also get staking rewards and trading fee discounts by staking APX in DAO. Attractive yield in APX rewards can also be earned via staking ALP, the platform's LP token.
Is It Possible To Use Leverage or Margin Trade on ApolloX?
ApolloX offers up to 200X leverage on BTCUSDT, 100X leverage on ETHUSDT, and 25X-50X leverage on other token pairs. The exchange offers Multi-Assets Mode for traders to use 9 different coins and tokens as collateral for trading.