Bybit, the third most visited crypto exchange in the world has announced its integration of ApeX Pro into its platform. This service will be available soon, and Bybit users will access the ApeX decentralized protocol directly from their Bybit account.
This new development will encourage the addition of ApeX to Bybit’s portfolio and offer vast opportunities to traders to benefit from the decentralized exchange (DEX) and centralized exchange (CEX) both on a single platform.
How Does it Work?
Users have to simply transfer funds from their Bybit exchange account to ApeX Pro. Funds will be transferred quickly, and there won’t be any platform charges added. So, users can start trading without compromising privacy or transparency.
Bybit’s co-founder and CEO, Ben Zhou, stated that this integration is a “great moment for the industry,” as it helps restore the trust in the crypto ecosystem and serves as a gateway for users to access the entire range of opportunities offered by Web.
What is ApeX Pro?
It is a permissionless, non-custodial DEX that uses StarkEx, StarkWare’s scalability engine, to offer high-performance perpetual contracts. This integration will ensure CEXs become securer, more efficient, and useful for traders, along with encouraging privacy, transparency, and self-custody, which are the hallmarks of DEXs, hence, closing the gap for users to use the order book model more conveniently in their trades.
ApeX Pro offers many advanced features. Such as it operates and even looks like Bybit, and with the integration of the order book model, it will not increase the learning curve. Furthermore, ApeX Pro uses zero-knowledge proofs, in which the balance changes are recorded on the blockchain. This allows the user’s wallet identity to remain private.