DeXe Expansion Continues as DEXEUSDT Perpetual Contracts Go Live on ByBit

DeXe hit a milestone as it secured a listing on a major crypto exchange. This week, Bybit announced that it has listed DEXEUSDT Perpetual Contract with up to 12.5x leverage.

The DEXE futures are now available for trading on Bybit via Futures bots like Futures Martingale, Futures Grid, and Futures Combo. In the current fast-paced trading environment, futures bot allows users to automate their trading, maximize their profit potential, and avoid missing out on possibilities.

On July 25th, DEXEUSDT Perpetual Contracts went live on Bybit. As of writing DEXE/USDT is trading at $9.425 while recording $3.3 million in 24-hour trading volume. On Bybit, the open interest on this instrument has reached 35,180 DEXE.

Open interest or OI is the total number of open derivative contracts that have not been settled. Rising OI suggests new money is flowing in while diminishing OI shows money might be going out of the market.

Bybit is a leading centralized cryptocurrency exchange (CEX) with over $25 billion in daily trading volume. It offers OTC trading, copy trading, options trading, crypto loans, earning capabilities, a Bybit card, educational resources, and 24/7 customer support.

The licensed exchange serves over 230 countries and has more than 30 million users, which presents a big opportunity for the DeXe Protocol to expand its reach significantly. As a result of this listing, users all over the globe get access to the DEXE token which helps in its price discovery and decentralize the DeXe ecosystem.

The listing comes hot on the heels of several big initiatives taken by the project to enhance its visibility. This includes reserving liquidity within the Ethereum network from Uniswap V2 to PancakeSwap V3 to align better with the latter, take advantage of its better liquidity efficiency, and foster future collaborations.

Moreover, the AI-powered permissionless launchpad for DAOs formed a strategic partnership with the Hot Protocol, an MPC network integrated into the Telegram App as a HOT Wallet. The Protocol has a total of over 16 million users and 3 million daily active users (DAU). DeXe is also launching a marketing campaign on Binance Academy, which boasts millions of users, to educate the community, raise brand awareness, and enhance user participation.

These achievements show DeXe’s dedication to building and expanding its ecosystem and bringing a programmable economy to the crypto market.