As 2022 comes to a close, the FTX debacle is the big story in the Crypto Universe. Unfortunately, far too many have again learned the hard way Crypto’s number one rule: “Not Your Keys, Not Your Crypto”.
For traders, the ApeX Pro Exchange really couldn’t have come at a better time. In this 2023 review, I will cover exactly why this platform is a much needed and very exciting innovation within the crypto space. I will also cover in detail the major elements of the platform, so that you’ll have a solid understanding of the what, how, and why before you dive into ApeX Pro yourself.
Let’s get started.
What’s the ApeX Pro Exchange
The ApeX Pro Exchange is a true Web3 trading platform. The exchange offers traders access to USDC-denominated, cross-margin, perpetual contracts via an order book trading model. Apex Pro is non-custodial, permissionless, and decentralized. It operates on the Arbitrum Layer 2 network for Ethereum.
- Non-Custodial: ApeX Pro does not custody traders’ funds. Instead, funds are held in smart contracts on Arbitrum. Users retain full control over their funds.
- Permissionless: ApeX Pro is a permissionless DEX. There is no KYC. It’s 100% private. Connect your Web3 wallet to the platform and trade with anonymity.
- DEX + Order Book = ApeX Pro: ApeX Pro is a DEX and order book combination. DEXs offer enhanced security and transparency, and order books provide better trading insights and optionality.
- USDC-Denominated, Cross-Margin, Perpetual Contracts: ApeX offers BTC, ETH, XRP, ATOM, and DOGE cross-margin, perpetual contracts, denominated in USDC with up to 20x leverage.
Apex Pro was developed by Starkware, an Israeli-based blockchain and Ethereum scaling solution development company. The exchange launched in early 2022.
ApeX Pro Exchange: Quick Summary
| Exchange Statistics *At time of publication |
24H Trading Volume: $44M
Open Interest: $15M 24H Trades: 39K |
| Security and Privacy | Security provided by STARK proof ZK rollup smart contracts on Arbitrum Layer 2
100% Private |
| Ease of Access, Control, and Use | Connect in approximately 10 seconds
Currently compatible with Arbitrum, Ethereum (ETH), Binance Chain (BNB), and Polygon (MATIC) chains. Seamless crypto-in within 5 min, USDC-out in 5 min or 4 hours Simple, intuitive interface |
| Fees | Free crypto deposits & withdrawals
Expedited ETH network withdrawals are charged a slightly higher gas fee + 0.1% total withdrawal amount fee 0.02% – 0.05% Maker – Taker Fee |
| Supported Trading Instruments, Orders, and Tools | BTC, ETH, XRP, ATOM, & DOGE perpetual contracts
Long & short with market, limit, & conditional limit orders. Close with stop loss, take profit, market & limit orders. Up to 20x leverage TradingView charts with full menu of indicators |
| Unique Features & Aesthetic Experience | Large account dashboard with all the important metrics
Two native currencies, APEX and BANA that work with the Trade-to-Earn rewards program |
| Aesthetic Experience | Intuitive dashboard & trading desk
Clean, dark charcoal background & TradingView charts |
Security and Privacy
The security of user funds on ApeX Pro is as strong as the underlying security of Arbitrum Layer 2, ZK rollup technology, Starkware’s smart contract software, and your Web3 wallet.
Starkware utilizes StarkEx ZK rollup smart contact technology on the Arbitrum Layer 2…
David learned about bitcoin in 2015 and has closely followed the crypto industry since then.
His professional interests center around bitcoin, layer-one blockchain protocols, decentralized finance, and clean energy.
An attorney by trade, David has held licenses to practice law in the State of Hawaii and in US federal courts.
