Apifiny, the crypto exchange that plans to go public later this year, is introducing a new “hybrid” digital asset exchange in the fourth quarter offering some traders perks such as zero fees.
- The New York-based crypto exchange said the platform, Apifiny HEX, has launched a VIP early access program that will give eligible traders no-fee trading for life on order-book trades.
- To be eligible, investors must have an approved Apifiny HEX account and meet a minimum trading volume condition through Sept. 30. Investors must also be compliant with the firm’s anti-money laundering policies and procedures.
- Apifiny, which considers itself an “exchange of exchanges,” said the early-access program will give investors the opportunity to experience the service before the official public release later this year.
- Traders can join the program by entering their details through the new platform by Sept. 30. The rules can be found here.
- Apifiny said the HEX platform is designed with “zero taker fees” and predictable automated market makers (AMM) liquidity that can be accessed through a single order book.
- In February, Apifiny announced its intention to go public by the end of 2021.
- More recently the firm hired Erez Simha as chief financial officer and president to lead it through the public listing.
- “As we accelerate toward our public offering, Apifiny HEX is an important milestone toward capturing a huge global, digital asset trading market opportunity,” CEO Haohan Xu said.
Source: Coindesk
