APX (APX) rose 16.65% in 24 hours

Gate News Bot news, on September 1st, according to CoinMarketCap, as of the time of writing, APX (APX) is currently priced at $0.08, having risen by 16.65% in the last 24 hours, reaching a high of $0.08 and a low of $0.07. The current market capitalization is approximately $47.1 million, an increase of nearly $6.72 million compared to yesterday.

Important news about APX recently:

1️⃣ APX Lending secures $20 million in funding to expand its business in Canada APX Lending announced on April 11, 2025, that it has secured $20 million in financing support, aimed at expanding its cryptocurrency mortgage lending business in Canada. This move indicates that institutional investors' confidence in the cryptocurrency lending market is recovering, which may stimulate demand for APX in the market.

2️⃣ APX Lending has received an exemption from Canadian securities regulators The Canadian securities regulatory agency recently approved the exemption application of APX Lending, which means that the company will enjoy some regulatory flexibility when conducting cryptocurrency collateral loan business in Canada. This good news may enhance investors' confidence in the APX ecosystem.

3️⃣ APX will participate in the Consensus 2025 conference The APX Lending program will participate as a sponsor in the upcoming Consensus 2025 conference, which is an important annual event in the cryptocurrency industry. This move is expected to enhance APX's brand awareness and industry influence, potentially attracting more investors' attention.

The rise in APX price may be driven by these positive factors, reflecting the market's optimism about APX's future development prospects. However, the cryptocurrency market still exhibits high volatility, and investors should cautiously assess the risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.