ApeX Protocol vs Vertex Protocol Comparison
| 0.02% maker / 0.05% taker | Fees | 0.02% maker / 0.05% taker |
ApeX ProtocolWinner
vs
Vertex Protocol
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
- Cross-margin across spot and perpetual positions
- Competitive fees of roughly 0.02% maker / 0.05% taker
- Migration onto a Kraken-incubated layer 2
- Product direction retained according to the provider
Cons
- Existing network deployments are being deprecated
- The VRTX token is being wound down
- Migration not complete at the time of review
- Considerably lower liquidity than the market leaders
- No EU authorisation
Score Comparison
4.4Usability3.9
4.1Features3.6
4.3Fees4.0
4.2Stability3.0
3.5Support3.2
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
- Rebuild onto the Ink layer 2 underway
- Cross-margin model
- Existing EVM deployments deprecated
- Token wind-down announced
Details
ApeX ProtocolVertex Protocol
| ApeX Protocol (by Bybit) | Company | Vertex Protocol |
| Singapore | Headquarters | USA |