What is ApolloX?
ApolloX is an Antigua and Barbuda-based hybrid cryptocurrency derivatives exchange that has been operational since 2021. ApolloX is the first exchange to offer both a centralized (CEX) and a decentralized (DEX) platform for trading derivatives.
A derivative is a financial product whose price is determined by the value of another asset (normally stocks, bonds, commodities etc). Derivatives in the cryptocurrency market derive their value from the values of various cryptocurrencies. BTC, ETH, ADA, DOGE, XRP, SOL, DOT, MATIC, 1000SHIB, SAND, LTC, LRC, AXS, and AVAX are among the cryptos available for futures trading on ApolloX. This is significant, given that many other derivatives exchanges only support BTC or BTC and ETH trading.
Trading perpetual contracts with a leverage of up to x100 is available on the ApolloX cryptocurrency exchange. There is a rapid exchange function, and fiat funds in USD, EUR, TRY, CNY, GBP, HKD, JPY, KRW, and SGD can be deposited to an internal wallet. Only crypto-to-crypto pairs are available, and the majority of them use USDT as the foundation currency. Regardless of the asset or deposit channel, deposits are free. The minimum withdrawal amount is limited. A maker's commission is set at 0.0 percent, whereas a taker's commission is set at 0.08 percent. It's one of the segment's tiniest indicators. 50-70 percent of the commissions are available to site partners.