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Pancakeswap Partners With ApolloX To Launch Perpetual Trading On Its Platform

Twitter icon  •  Published 3 years ago on March 15, 2022  •  Hassan Maishera

Pancakeswap Partners With ApolloX To Launch Perpetual Trading On Its Platform

The Pancakeswap team announced via a tweet on Monday that it has partnered with ApolloX to launch perpetual trading services on its decentralized exchange. ApolloX is a cryptocurrency futures trading platform. 

PancakeSwap said perpetual trading fees will be used to buy back and burn CAKE tokens. Furthermore, users who deposit CAKE tokens will get a 5% discount on trading fees. 

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by less than 7% so far today and is currently trading at $5.43

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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