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:
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Simple 3-step guide to buying VRTX today in Honduras
Create your free Bitget account
Select a funding method
Complete your Vertex Protocol purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Vertex Protocol using a payment method of your choice:
Buy Vertex Protocol with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Vertex Protocol order.
How to buy crypto with credit/debit cardBuy Vertex Protocol with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Vertex Protocol is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Vertex Protocol order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Vertex Protocol order.Buy Vertex Protocol with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Vertex Protocol order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Vertex Protocol in your Bitget spot wallet
Bitget—where the world trades Vertex Protocol
How to buy Vertex Protocol for free
- Learn how to earn Vertex Protocol for free through the Learn2Earn promotion
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