#onchain-perps

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eToro backs Extended in $12.5M onchain perps push

eToro led a $12.5M round in Extended as it links Zengo with onchain perps and expands self-custody trading access.

➤ eToro has led a $12.5 million funding round in Extended, an onchain exchange for perpetual futures, integrating its recently acquired Zengo self-custody wallet. ➤ The partnership aims to expand access to global financial markets through onchain infrastructure, connecting traditional financial assets with decentralized trading venues. ➤ This strategic investment highlights eToro's continued commitment to digital assets and decentralized derivatives despite recent weaker crypto trading income.

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The Race to Trade Everything

➤ Hyperliquid's HIP-4 upgrade introduces prediction markets to its platform, aiming to compete with incumbents like Polymarket and Kalshi by leveraging its existing infrastructure for perpetual futures. ➤ The article analyzes HIP-4's mechanics, comparing its infrastructure, oracle scope, and regulatory posture against competitors, highlighting Hyperliquid's advantages in unified margin and execution speed. ➤ Despite Hyperliquid's infrastructure strengths, challenges remain in market breadth, user discovery, and navigating regulatory uncertainties, with the overall trend in the prediction market category being one of convergence towards a 'trade everything' model.

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Decibel Trade supports onchain perps for SPY, QQQ, and EWY

➤ Decibel Trade has launched on-chain perpetual futures for SPY, QQQ, and EWY on the Aptos blockchain, offering up to 50x leverage and 24/7 trading. ➤ The platform utilizes a central limit order book (CLOB) model, differentiating it from typical DeFi AMMs, and supports cross-margin accounts with USDCBL as collateral. ➤ Key factors for success will be liquidity depth on the order book and reliable oracle price feeds, especially for off-hours trading.

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Solayer rolls out Solana-native onchain perps trading platform Margin Trade mainnet

Margin Trade enables trading of crypto, commodities, and equities via a single margin account on Solana, tapping the SVM chain Solayer. 

➤ Solayer has launched Margin Trade mainnet, a new onchain perpetual trading platform on Solana. ➤ The platform allows users to trade crypto, commodities (like gold, silver, oil), and equities (via synthetic index MT500) from a single margin account with onchain transparency. ➤ Built by former traders from Citadel and Kraken, it leverages Solana's high-throughput infrastructure and offers up to 3x leverage.

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NYSE parent ICE pushes ‘level playing field’ for 24/7 onchain perps

Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), is urging regulators to allow regulated exchanges to offer 24/7 onchain perpetual futures trading, according to ICE CEO Jeffrey Sprecher.Speaking at a Bernstein conference on Wednesday, Sprecher said that he was ur…

➤ Intercontinental Exchange (ICE), parent of the NYSE, is advocating for regulators to permit 24/7 onchain perpetual futures trading on regulated exchanges. ➤ ICE CEO Jeffrey Sprecher highlighted discussions with decentralized exchange Hyperliquid, emphasizing the potential synergies between traditional finance and crypto markets. ➤ This move aligns with broader trends of TradFi exploring blockchain for continuous trading, exemplified by ICE's previous partnerships and OKX's introduction of futures based on ICE's oil benchmarks.