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Bybit Announces DEX Integration | FF News

December 9 2022

Bybit Announces DEX Integration

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Bybit, the world’s third most visited crypto exchange, has announced it has integrated decentralized exchange, ApeX Pro, onto its platform. The new service will be available immediately with Bybit users able to access the ApeX decentralized protocol from their Bybit account.

The move will see ApeX Pro added to Bybit’s product portfolio, increasing the opportunity for traders to take full advantage of decentralized exchange (DEX) and centralized exchange (CEX) capabilities from a single platform.

ApeX Pro is a permissionless, non-custodial, DEX offering high performance perpetual contracts using StarkWare’s scalability engine, StarkEx. The integration brings traders the security, efficiency, and usability of centralized exchanges, with the transparency, self-custody, and privacy of decentralized platforms — and bridges the gap for users to more comfortably utilize the order book model in their trades.

Users simply transfer their funds from their Bybit account to ApeX Pro. The funds are transferred immediately and at no platform charges, so users are able to begin trading at once, with full transparency.

To help users, ApeX Pro boasts several advanced features: it’s been designed to look and operate like Bybit; this combined with the order book model, greatly reduces the learning curve. ApeX Pro uses zero-knowledge proofs where only the balance changes are recorded on the blockchain leaving the identity of a user’s wallet private.

Bybit has always committed to ensuring the safety of every trader. By opening the gateway to access decentralized trading, it is taking this pledge even further.

“This is a world first for Bybit and a great moment for the industry,” said Ben Zhou, co-founder and CEO, Bybit. “Our mission is to help restore trust in the crypto ecosystem and provide a gateway for everyone to access the full opportunities of Web3. This integration does that, and much more.”

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Ben Zhou

Ben Zhou

Bybit

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Bybit | Fintech Finance

Bybit
Apex Group Ltd | Fintech Finance

Apex Group Ltd.
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