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What can you do with Vertex Protocol?
Store/Hold Vertex Protocol
Many users hold on to their Vertex Protocol with the expectation of it increasing in value. You can store your VRTX safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Vertex Protocol
You can trade Vertex Protocol for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Vertex Protocol trading to meet your needs.
Send Vertex Protocol
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Vertex Protocol online and send to anyone and anywhere with their Vertex Protocol address.
Spend Vertex Protocol
You can also buy goods and services with your Vertex Protocol. More and more vendors and retailers accept Vertex Protocol every day.
Donate Vertex Protocol
Bitget Charity accepts Vertex Protocol donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Vertex Protocol so no one misses out on the growth made possible by blockchain.
Learn More About Vertex Protocol
You can read more in-depth articles on Vertex Protocol from Bitget Research and study how cryptocurrencies like Vertex Protocol work on Bitget Academy
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What is Vertex Protocol (VRTX)?
Vertex Protocol (VRTX) is a hybrid orderbook-automated market maker (AMM) decentralized exchange (DEX) built on the Arbitrum L2 network, launched in April 2023. It integrates cross-margining across spot, perpetuals, and an integrated money market across more than 23 markets. VRTX, the protocol's fungible token, plays multiple roles within the Vertex ecosystem, including staking for protocol security and generating a user score known as voVRTX, which incentivizes security and long-term commitment. The high-performance orderbook of Vertex allows for low-latency order matching, comparable with centralized exchanges (CEXs), while maintaining the non-custodial ethos of DeFi. Vertex Protocol was co-founded by Darius Tabatabai and Alwin Peng, who brought together their respective expertise in trading and development.
Social media activity has played a significant role in influencing VRTX's price. For instance, a recent surge in trading volumes was attributed to increased social media activity, including achieving a new 24-hour trading volume all-time high and surpassing dYdX as the top volume DEX for perpetuals. This increase in volume was partially driven by incentives such as the Arbitrum (ARB) incentives program and Vertex Protocol’s Trade Earn program, which likely contributed to the significant price upswing. As of November 2023, VRTX saw a 33% increase in price within 24 hours and an 89% increase from its previous low, showing a clear correlation between social media activity, trading volume, and price movement.
The cheapest way to Buy Vertex Protocol (VRTX) on Bitget
On Bitget you can buy Vertex Protocol (VRTX) easily and fast. Bitget offers:
- Low fees; transparent fees with no hidden fees.
- Multiple payment methods, such as Credit/Debit Card, Sepa transfer, p2p and more!
- 500+ assets; buy Vertex Protocol (VRTX) along with hundreds of other crypto assets
- 24/7 dedicated customer support
- Safe and Secure; Bitget prioritizes the safety of your crypto assets, transactions and personal information
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