News publisher adds perpetual futures trading powered by Phoenix on Solana
Business · First reported 11 Nov, 12:00 · Updated 14:25
A news publisher is adding perpetual futures trading, run by the Phoenix exchange on Solana, so readers can take long or short positions on crypto, U.S. stocks, gold and pre-IPO companies without leaving its site. Trades are funded from a single Decrypt Money Account balance that also covers prediction markets, token swaps and Earn. The article presents the feature as part of a broader plan to combine news, data and trading in one place, and notes that perpetual futures are leveraged products with a high risk of loss.
- A news publisher is integrating perpetual futures trading powered by Phoenix, an onchain perpetuals exchange on Solana.
- Readers can take long or short positions on crypto, U.S. stocks, gold and pre-IPO companies around the clock, funded from one account balance.
- The article states that perpetual futures are leveraged products with a high risk of loss, and that availability may vary by region.
Summary written by Sumzly from 1 articles
Key facts
- Leverage offered
- Up to 40x, according to Phoenix's website
- Trading hours
- Around the clock
- Markets available
- Crypto, U.S. stocks, gold and pre-IPO companies
- Number of perps markets
- Over 100
- Funding
- Single Decrypt Money Account balance
- Exchange developer
- Ellipsis Labs
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