ApolloX
ApolloX operates APX DEX, a decentralized cryptocurrency derivatives exchange founded in 2021 that enables peer-to-peer crypto derivatives trading for global individual traders via a self-serve, non-custodial platform.
- Company typePrivate
- Founded2021
- HeadquartersAntigua, Guatemala
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What ApolloX does
ApolloX is a decentralized cryptocurrency derivatives exchange founded in 2021 and operated under the brand APX. The company's core product, APX DEX, enables peer-to-peer trading of cryptocurrency derivatives without centralized intermediaries, targeting a global base of individual crypto traders who access the platform through a self-serve model. Technology is described as decentralized exchange infrastructure for crypto derivatives trading, with no proprietary features or differentiated components disclosed in the source data.
The business is registered as a private, for-profit entity with a reported headcount of 1-10 employees, headquartered in Antigua, Guatemala. ApolloX has a single named product (APX DEX) and no documented enterprise customers, partnerships beyond its investor base, or management team disclosures. The company's revenue model is not disclosed, though DEX platforms typically monetize via trading fees; no pricing, GMV, or fee schedule is available in the source data. ApolloX also trades under the doing-business-as name "APX," which is the primary user-facing brand for the exchange.
In June 2022, ApolloX closed a funding round with participation from crypto-native investors including 3Commas, YZi Labs, Lingfeng Capital, Lux Capital, Kronos Research, SafePal, and TokenPocket, signaling early-stage ecosystem support from both trading firms and wallet providers. Beyond this round, no subsequent strategic moves, product launches, or capital raises are documented. The company operates without disclosed regulatory licenses, certifications, or compliance frameworks, which is notable for a derivatives venue and represents a material risk factor for institutional participation and geographic reach.
ApolloX firmographics
Firmographics- Name
- ApolloX
- Website
- https://www.apollox.finance
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ApolloX operates APX DEX, a decentralized cryptocurrency derivatives exchange founded in 2021 that enables peer-to-peer crypto derivatives trading for global individual traders via a self-serve, non-custodial platform.
- Ownership category
- akta.pro rank
ApolloX industry classification
Industry- Product category
- Decentralized Crypto Derivatives Exchange
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Perpetuals & Derivatives DEXs (FSADABAE)
- akta.pro secondary industry
- DEX Liquidity Provision & Market-Making Protocols (FSADABAI)
Keywords
Where ApolloX is headquartered
LocationHeadquarters
- HQ city
- Antigua
- HQ country
- Guatemala
- HQ region
- Latin America
Markets served
ApolloX business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure
Distribution channels1 record
ApolloX product offering
Product offeringCore offering
ApolloX operates APX DEX, a decentralized exchange for cryptocurrency derivatives. The platform enables users to trade crypto derivatives directly on a decentralized infrastructure without centralized custodial intermediaries. It functions as the company's single named product and is accessed via the apollox.finance website.
Product overview
ApolloX operates as a single-product platform offering APX DEX, a decentralized crypto derivatives exchange. The platform serves as the core and only named product within the ApolloX portfolio.
Differentiator
Problem solved
Functional benefit
Products and services
- APX DEX APX DEX is a decentralized cryptocurrency derivatives exchange that enables trading of crypto derivatives on a decentralized platform, accessed directly by users via the apollox.finance website.
Companies that use ApolloX
Customer profileIdeal customer profiles1 record
ApolloX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ApolloX partnerships and signals
Strategic signalRecent moves2 records
Expansion highlights3 records
ApolloX competitors and assessment
Company assessmentDirect peers
- Hyperliquid: Hyperliquid is a high-performance on-chain order-book perpetuals DEX on its own L1, directly competing for the same derivatives trading volume and market-maker relationships as ApolloX.
- GMX: GMX is one of the largest decentralized perpetual futures exchanges on Arbitrum/Avalanche using a GLP liquidity pool model — a direct on-chain derivatives competitor with similar target market and self-custodial trading experience.
- Drift Protocol: Drift is a decentralized perpetuals and spot exchange on Solana, competing in the on-chain derivatives market with a similar self-custodial, global, self-serve access model.
- Vertex Protocol: Vertex is a decentralized order-book perpetuals and spot trading platform on Arbitrum, comparable in product scope (derivatives + spot) and DEX-native trading model to ApolloX.
- Perpetual Protocol: Perpetual Protocol is a decentralized perpetual futures exchange using a vAMM model on Ethereum/Celestia, going after the same crypto derivatives traders and competing for liquidity and volume.
- dYdX: dYdX is a leading decentralized perpetuals exchange running an order-book model on its own appchain, directly comparable to ApolloX's DEX derivatives positioning and serving the same crypto derivatives traders.
- Gains Network (gTrade): gTrade is a decentralized leveraged trading platform offering perps and synthetics on Arbitrum/Polygon, providing the same non-custodial derivatives trading experience targeted at retail and pro crypto traders.
Broad incumbents
- Binance: Binance is the largest centralized crypto derivatives exchange by volume; while centralized, it anchors the demand pool of derivatives traders that DEXs like ApolloX are actively trying to onboard.
Emerging players
- Kine Protocol: Kine is a decentralized derivatives exchange offering perpetuals and options via peer-to-peer liquidity, comparable to ApolloX as a DEX perps venue with a smaller market share.
- MUX Protocol: MUX is a multi-chain decentralized leveraged trading aggregator and DEX providing perpetuals trading, comparable in product offering and decentralized trading model to ApolloX.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
ApolloX social profiles
Digital presenceApolloX financial estimates
Financial estimateRevenue estimate
Valuation estimate
ApolloX leadership team
Management profileNumber of profiles
ApolloX funding detail
Funding detailFunding overview
Funding rounds1 record
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ApolloX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ApolloX
What does ApolloX do?
ApolloX operates APX DEX, a decentralized exchange for cryptocurrency derivatives. The platform enables users to trade crypto derivatives directly on a decentralized infrastructure without centralized custodial intermediaries. It functions as the company's single named product and is accessed via the apollox.finance website.
Is ApolloX a public or private company?
ApolloX is a private company. It is classified as venture growth investor backed and is currently operating.
When was ApolloX founded?
ApolloX was founded in 2021. It employs 1 to 10 people.
Where is ApolloX based?
ApolloX is headquartered in Antigua, Guatemala, in the Latin America region.
Who are ApolloX's main competitors?
Direct peers on record are Hyperliquid, GMX, Drift Protocol, Vertex Protocol, Perpetual Protocol, dYdX and Gains Network (gTrade). Binance is listed as a broad incumbent. Emerging players are Kine Protocol and MUX Protocol.
Does ApolloX have an API?
No public API is recorded for ApolloX.
What industry is ApolloX in?
ApolloX's product category is Decentralized Crypto Derivatives Exchange. Its primary akta.pro industry code is FSADABAE, Perpetuals & Derivatives DEXs, with a secondary code of FSADABAI, DEX Liquidity Provision & Market-Making Protocols. Its NAICS code is 52321 and its SIC code is 6200.