Introducing ApeMEX 🐵🍌
Leveraged trading has arrived in the Jungle 📈🌴
If you were on our twitter spaces a few days back, you know very well how hyped DK and Jules are to be bringing you this partnership! 😛
Without further ado, we bring you ApeMEX, a place for your true inner degen-ape to roam free through the Jungle of leveraged trading.
Obie “100x long” Dobo will be trading as soon as ApeMEX launches, likely aping his entire portfolio in. Let's pray grandpa doesn't get rekt. 🙏
What is Leveraged Trading?
For Apes who may not be familiar, leveraged trading is an advanced trading product that allows users to borrow funds to amplify their profits and gains. It essentially increases the position a user can take on any given trade.
It’s worth noting, that the user does put their funds at risk when they open a leveraged position, and 100% of your funds can be lost via liquidation.
⚠️ While bigger trades can lead to bigger potential profits, they can also lead to bigger potential losses. Always do your own research and make sure that you properly understand how trading, leverage, liquidations, and ApeMEX work before attempting to trade with leverage. ⚠️
ApeMEX is a professional, fully on-chain leveraged trading protocol built on Binance Smart Chain and powered by ApeSwap. Use ApeMEX’s complete suite of tools to access advance leveraged trading, earn interest on your crypto assets, and swap using ApeSwap’s native router — all in one place!
ApeMEX Leveraged Trading
ApeMEX relies on single-asset lending pools to facilitate both leveraged longs and shorts. Users can directly deposit BUSD on ApeMEX, allowing positions to be opened across all available pairs. Once a position is opened, it can easily be monitored through the ApeMEX dashboard to verify key metrics like entry price, profit & loss, liquidation price, etc. When it comes time to close your position, any incurred profit or loss is directly realized in BUSD.
This is one of the most exciting releases we’ve had since ApeSwap launched! With ApeMEX, we are one of the first DEX’s to natively bring decentralized leveraged trading fully on-chain. 💪 Here’s all the juicy info:
Website: Coming soon 💻
Launch Date: October 7th at 17:00 UTC 🚀
Starting Pairs and Leverage:
- Binance Coin (BNB) — 10x
- Bitcoin (BTC) — 5x
- Ethereum (ETH) — 5x
- Cardano (ADA) — 5x
- Ethereum Classic (ETC) — 5x
- Litecoin (LTC) — 5x
- Pancake (CAKE) — 5x (for shorting only 😉)
We are proud to announce that we officially have the highest leverage on BSC! Trade now with up to 10x leverage. 🤯
New pairs will also be released in the coming weeks so stay tuned! 🥳 Potential pairs include XRP, SUSHI, COMP, LINK, AXS, AAVE, DOT, DOGE, MATIC, FTM & SHIBA.