Bybit, a Dubai-based centralised crypto exchange, announced Thursday that it has integrated decentralised exchange ApeX Pro into its offering in order to provide customers with the ability to trade on both types of exchanges on one platform. ApeX Pro is a permissionless, non-custodial decentralised exchange (DEX) that uses Starkware’s scalability engine, StarkEx, to offer perpetual contracts. It will be added to the Bybit platform via its Web3 wallet, which is a hybrid wallet similar to MetaMask in that it does not store client personal information. Centralized exchanges (CEXes) have recently come under increased scrutiny following the discovery of the once-trusted FTX to be a potential fraud, causing thousands of users to lose billions of dollars.
