ApeX Protocol vs Backpack Comparison
| 0.02% maker / 0.05% taker | Fees | 0.02% maker / 0.05% taker |
ApeX ProtocolWinner
vs
Backpack
Pros & Cons
Pros
- No gas costs for users
- Perpetuals on equities, commodities and prediction markets too
- Around 90 crypto perpetuals, up to 100x leverage on BTC and ETH
- Operating since 2022 with no known loss of user funds
- Well-known backers
Cons
- Considerably lower volume than the market leaders
- Thinner order books in secondary markets
- No EU authorisation
- Support runs through community channels
Pros
- MiCA authorisation for the European entity, passported across the EU
- Perpetuals for EU clients through an entity under MiFID II supervision
- A named European supervisory counterparty
- Clean, approachable interface
- 200+ markets in the global offering
Cons
- EU clients limited to roughly 40 pairs and 10x leverage
- Fees above the fee-free competitors
- Not a pure DEX — execution runs on operator-run order-book infrastructure
- Account with identity verification required
Score Comparison
4.4Usability4.6
4.1Features4.0
4.3Fees4.2
4.2Stability4.2
3.5Support4.0
Features
- No gas costs
- Crypto, equity and commodity perpetuals in one interface
- Operating since 2022 without a known security incident
- Up to 100x leverage on the main markets
- One of the few perpetual venues with EU authorisation
- MiCA CASP since May 2026
- Perpetuals for EU clients since September 2025
- Solana-native infrastructure
Details
ApeX ProtocolBackpack
| ApeX Protocol (by Bybit) | Company | Backpack Exchange (Coral) |
| Singapore | Headquarters | United Arab Emirates |