[PRESS RELEASE – Saint Vincent, the Grenadines, October 3rd, 2023]

The leading crypto derivatives DEX, ApeX Protocol, has launched the ApeX Bot, marking a significant milestone as the inaugural L2 DEX Telegram (TG) bot catering to derivatives trading within a decentralized framework. Its standout feature is its utilization of the revolutionary Bot Key solution, developed in-house by the ApeX team. This cutting-edge technology serves as a robust defense mechanism, mitigating the substantial risks often linked to user fund thefts and hacks prevalent with the centralized alternatives. To celebrate its Telegram debut, ApeX is rolling out a referral campaign, where participants can tap into a $30,000 USDC prize pool.

ApeX Telegram Bot: Security and Self-Custody

In recent months, crypto TG bots have gained significant traction, with over $190 million worth of trading activity. Yet, despite their popularity, these bots are not without their challenges, e.g., their centralized nature and limited functionalities. ApeX Bot seeks to address these concerns by implementing a decentralized approach, with a strong focus on user fund security.

Unlike existing TG crypto bots that do not allow users to maintain custody of their assets, the ApeX Bot empowers users with full control over their holdings. ApeX’s innovative decentralized model, powered by the Bot Key solution, minimizes the risks associated with centralized alternatives, providing users with added security.

As the first-ever L2 DEX bot supporting derivatives trading, ApeX Bot sets itself apart from the competition, offering various features to users:

• Testnet: Conveniently test platform functions and receive step-by-step guidance.
• Synchronization: Seamlessly sync your login status from ApeX desktop and mobile.
• Trading: Easily choose markets, place orders, and monitor P&L in real-time.
• Position Management: Close positions, track P&L,