March 22nd, 2024 — ApeX Protocol, a leading decentralized derivatives exchange, has unveiled the ApeX Grid Bot, an innovative automated trading tool designed to enhance trading efficiency across 45+ perpetual markets. Launching on March 22, 2024, this tool introduces negative maker fees of -0.002%, rewarding users for market-making activities.
What Is the ApeX Grid Bot?
The ApeX Grid Bot is an automated trading solution that enables users to:
- Execute customizable grid strategies to profit from market volatility.
- Choose between neutral bots (for range-bound markets) and one-sided bots (for DCA strategies).
- Trade all USDT/USDC perpetual contracts on ApeX Pro with zero gas fees.
Key Features:
- Negative Maker Fees: Earn 0.002% per trade instead of paying fees.
- Self-Custodial & Decentralized: Trade directly from your wallet without intermediaries.
- Flexible Strategies: Set price ranges for neutral bots or accumulate assets gradually with one-sided bots.
"The ApeX Grid Bot empowers traders to automate their strategies and maximize rewards in volatile markets," said Tekla I, Head of Business Development at ApeX Protocol.
Why Use the ApeX Grid Bot?
👉 Maximize your trading efficiency with automated tools while earning from negative fees. Here’s why traders are adopting it:
- Cost-Effective: Negative fees offset trading costs.
- Time-Saving: Automate repetitive tasks like order placement.
- Adaptable: Works in trending and sideways markets.
Supported Markets
The bot covers 45+ perpetual contracts, including major crypto pairs like BTC, ETH, and SOL, with:
- Cross-margined USDT/USDC settlements.
- Leverage up to 50x (varies by pair).
How to Get Started
- Visit ApeX Pro.
- Select "Grid Bot" from the trading interface.
- Configure your strategy (neutral/one-sided) and price ranges.
- Deploy and let the bot execute trades automatically.
FAQs
Q: What are negative maker fees?
A: Instead of charging fees, ApeX pays you 0.002% for providing liquidity via the Grid Bot.
Q: Is the ApeX Grid Bot suitable for beginners?
A: Yes! Its user-friendly interface and pre-set strategies make automation accessible to all experience levels.
Q: Are there risks with grid trading?
A: Like all strategies, grid trading carries risks, especially in highly volatile markets. Always set stop-losses and manage capital wisely.
Q: Which wallets are supported?
A: ApeX integrates with MetaMask, WalletConnect, and other Web3 wallets for seamless self-custody trading.
About ApeX Protocol
👉 ApeX is a non-custodial DEX powered by StarkEx, offering:
- 40+ perpetual pairs.
- Orderbook liquidity.
- Transparency and security via StarkWare’s L2.
Follow ApeX:
Twitter | Discord | Telegram
Disclaimer: Trading derivatives involves risk. This content is for informational purposes only and not financial advice.
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