Jupiter launches memecoin trading platform Ape

IconCryptoNewsTerminal Staff03 Jul, 2024

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Jupiter launches memecoin trading platform Ape

Jupiter (JUP), a Solana-based decentralized cryptocurrency swap aggregator, has launched a memecoin trading platform, Ape. The platform is currently in the alpha launch phase, where trading fees are set at a mere 0.069%, according to an official statement. Ape, which will operate on a decentralized autonomous organization (DAO) model, is designed to cater to the growing demand for memecoins. Users can access the platform through a browser extension or a mobile app. The platform aggregates liquidity from various decentralized exchanges to offer users the best possible prices. Jupiter CEO Artem Belov said that Ape aims to provide a secure and user-friendly platform for memecoin enthusiasts. "Ape will make it easier for users to trade memecoins, as well as providing them with access to exclusive content such as airdrops and news," he said. Jupiter is confident that Ape will be a success, given the growing popularity of memecoins and the platform's experienced team. The company plans to add more features to the platform in the future, such as the ability to create and trade NFTs.

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