what's Merkle Trade?

Merkle Trade is a gamified perpetual futures decentralized exchange (DEX) built on the Aptos blockchain. It enables users to trade cryptocurrencies, forex, and commodities with high leverage—up to 150x on crypto and 1000x on forex—while incorporating social and RPG-inspired elements to make trading engaging and accessible. The platform supports omnichain functionality, including EVM wallet integration through LayerZero, and operates on audited, open-source smart contracts, ensuring users retain custody of their assets without centralized risks. Key features include low fees (3-8 basis points), no spreads on major pairs, and simplified trade execution where users set collateral and leverage for automatic best-execution. Merkle Trade hosts regular trading competitions and rewards programs to incentivize participation, and its core team draws from experience at companies like Amazon and Nexon, focusing on user-friendly, high-performance trading experiences.

Merkle Trade reached $30B in cumulative trading volume; previously, operations were winding down.

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