Saint Vincent and the Grenadines, March 22nd, 2024, Chainwire
ApeX Protocol, a leading decentralized exchange (DEX) for derivatives trading, is thrilled to announce the launch of its newest automated trading tool: ApeX Grid Bot. Set to debut on March 22, 2024, this powerful trading tool empowers users to capitalize on market fluctuations and execute customizable grid strategies with ease.
Leveraging Automated Trading: The Inaugural ApeX Grid Bot
ApeX’s inaugural ApeX Grid Bot offers traders an opportunity to leverage a robust automated trading tool. Users can execute customizable grid strategies, benefitting from negative maker fees of 0.002% and capitalizing on market fluctuations.
Maximizing Efficiency: Customizable Trading Strategies for All Users
Available to both seasoned and novice traders, the ApeX Grid Bot will support all USDT and USDC perpetual contracts on ApeX Pro. Users can customize their trading strategy with two distinct bot types: neutral and one-sided bots.
Neutral bots, ideal for sideways markets, enable traders to define upper and lower price limits within which the bot automatically executes buy and sell orders. One-sided bots, perfect for dollar-cost averaging (DCA), allow users to execute longer-term investment strategies and accumulate assets over time.
Negative maker Fees: A Double Reward for Traders
Traders who employ the ApeX Grid Bot will enjoy a special advantage. Not only are they exempt from trading fees, but they also earn 0.002% for each trade executed via the bot. Furthermore, since there are no gas fees associated with trading on ApeX, employing grid strategy on its decentralized and self-custodial trading platform becomes both convenient and profitable.
“The launch of ApeX Grid Bot marks a first step forward in our commitment to empowering traders with automated trading tools on ApeX Pro,” said Tekla I, Head of Business Development at ApeX Protocol. “This tool enables users to capitalize on market movements and optimize trading efficiency, particularly in volatile market conditions. The introduction of negative maker fees aims to further incentivize traders to utilize the bot, enriching their decentralized and self-custodial trading experience with increased rewards.”
Expanding the Suite of Automated Trading Tools on ApeX Pro
As a first step towards the inception of a suite of automated trading tools, the ApeX Grid Bot underscores ApeX’s dedication to providing traders with the most advanced support in the evolving landscape of decentralized finance.
About ApeX
ApeX is a permissionless and non-custodial derivatives decentralized exchange, built using StarkWare’s Layer 2 scalability engine, StarkEx. It delivers USDC and USDT cross-margined perpetual contracts with over 40 trading pairs and up to 50x leverage. The platform remains committed to offering permissionless access to the perpetual swaps market, prioritizing speed, efficiency, and security with transparency on traders’ preferred derivatives trading assets.
