Merkle Trade DEX profile
Editorial record: February 16, 2026
Type
order-book
Swap Fee
0.035%
Trading Pairs
30+
Source status
Check provider
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
Editorial desk producing public-source crypto product research. Pages identify their evidence and limitations; hands-on testing is claimed only when dated evidence is shown.
Last Updated: February 16, 2026
Our MethodologyOverview
Merkle Trade is an Aptos perpetual futures exchange with gamified trading features. The product includes trading competitions, achievements, and a level system. Gamification does not reduce the risk of a leveraged position. Check the current availability, market rules, and contract information before use.
Merkle Trade
Public sourcesProfile summary
Gamified perps DEX on Aptos with up to 150x leverage
Fees & Costs
| Swap Fee | 0.035% |
| Protocol Fee | 0.02% |
| Gas Estimate | ~$0.001 on Aptos |
Security & Audits
| Audits | Zellic |
| Open Source | ✗ No |
| Bug Bounty | ✓ $100,000 |
Features
Supported Chains
| Limit Orders | ✓ Yes |
| Perpetuals | ✓ Yes |
| Cross-Chain | ✗ No |
| Lending | ✗ No |
| Farming | ✗ No |
| Staking | ✓ Yes |
Pros & Cons of Merkle Trade
Pros of Merkle Trade
- ✓Sub-second finality on Aptos
- ✓Gamified trading experience
- ✓Up to 150x leverage
- ✓Extremely low gas fees
- ✓Supports forex and commodity trading alongside crypto
Cons of Merkle Trade
- ✗Limited to Aptos ecosystem
- ✗Smaller user base
- ✗Fewer trading pairs than competitors
Trading on Aptos offers several advantages for Merkle Trade users. The blockchain achieves sub-second finality, meaning trades confirm almost instantly. Gas fees are negligible at around $0.001 per transaction, making frequent trading very affordable. Aptos uses the Move programming language, which was designed with safety in mind, reducing the risk of smart contract vulnerabilities. The chain also handles high throughput, so there is no congestion even during volatile market periods.
Merkle Trade includes experience points, levels, competitions, and achievement badges. Higher levels can change access to platform incentives. These features do not reduce the risk of leveraged trading. Check current competition and reward terms before participating.
Merkle Trade has been audited by OtterSec and Zellic, two well-regarded blockchain security firms. The platform runs on Aptos, which uses the Move programming language designed with safety in mind. Merkle Trade also maintains a bug bounty program to incentivize responsible disclosure of vulnerabilities. However, as with all DeFi platforms, smart contract risk remains - users should only trade with funds they can afford to lose.
Merkle Trade charges a 0.08% opening fee and a 0.08% closing fee for perpetual trades. There are no funding fees in the traditional sense - instead, an hourly borrowing fee applies when open interest is imbalanced. Gas fees on Aptos are negligible at approximately $0.001 per transaction. Using a referral code saves 10% on all trading fees, making the effective fee 0.072% per side.
Merkle Trade supports perpetual futures for major cryptocurrencies including BTC, ETH, APT, and SOL, with leverage up to 1000x on select pairs. The platform also offers forex pairs like EUR/USD and GBP/USD, as well as commodity trading for gold and silver. New trading pairs are added regularly based on community votes and liquidity availability.
Open Merkle Trade provider page
Merkle Trade offer details
Check current terms, eligibility, and availability before you use an offer.
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When to skip Merkle Trade
Skip Merkle Trade if you cannot verify its contracts, network costs, and asset liquidity before you trade.
Sources & References
Security
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
