“Early in the year these markets were a novel product for existing traders to explore a new asset class. They are now the exchange's largest single acquisition channel, onboarding 173,794 first-time users and keeping them coming back at a higher rate than the crypto-native cohort.”
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Cloudflare (NET) is now live. 10x leverage, 24/7, 365.
IREN is now live. 10x leverage, 24/7, 365.
Have an awesome sports team opportunity in Japan for @OpenAI or @AnthropicAI. DM!
If I ran anthropic’s marketing … I would just buy a sports team and let Claude 100% run it … from draft to contract negotiations to on field decisions. AGI is when it wins the championship.
.@tradexyz order book depth is 50-300% greater than the next best venue (binance) for top equity perps
hypertradexyzliquid
source:
SOXL is now live. 10x leverage, 24/7, 365.
KORU is now live. 10x leverage, 24/7, 365.
The Pre-IPO Perpetual (IPOP) Market for UNITREE is now live.
UNITREE is a pre-IPO market reflecting the market-implied expected price per A-share of Unitree Technology Co., Ltd., expected to list on the Shanghai STAR Market (code 688836). Unitree designs and manufactures quadruped and humanoid robots and robotic arms. After the IPO, the oracle will convert the CNY share price to USD at the prevailing offshore USD/CNH rate.
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To Do
Buy Japanese Yen on TradeXYZ
$5-10 bil
A notepad in front of U.S. Secretary of the Treasury Scott Bessent reads "To Do Buy Japanese Yen $5-10 bil" as he participates in a cabinet meeting at Camp David.
The note, photographed at 11:33 EDT, came after Reuters earlier reported the Treasury had put banks on alert for a possible U.S. intervention in the market for Japan's currency.
📸REUTERS/Daniel Heuer
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Trade[XYZ] reached new all-time highs with $8.1B in 24h volume.
CXMT price discovery experiment went better than expected
CXMT is expected to IPO on the Shanghai STAR Board on July 27.
The CXMT perpetual market's discovery bounds will adjust to 50% on July 26 11PM UTC in anticipation of this event.
Late (in NYC) but a new story from me: @tradexyz started offering pre-IPO perps tied CXMT, China’s SK Hynix. Not surprised given the demand, but interesting and new product done by crypto - something we haven’t seen in the space for a bit
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I would go as far as to say that Tokyo shits on New York
the coolest aspect about new @tradexyz listings is how it democratizes new forms of trading across the board
- in march, we had brent-wti rolls <> massive funding during calendar rolls
- now in july xyz:SKHY is the first time people can take high leveraged views on ADR premia -- particularly as the skhy adr opened up +20% relative to the local perp
today the ADR perp traded $300m while the local perp traded $900m -- but more interestingly, you see a growing positioning of people trading adr [perp] prem itself [with a heavier lean towards fading the premium]
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Price Discovery
$SKHY opened on the Nasdaq @ $170
Bloomberg indications were it would open ~$174 (+2.4% miss)
@tradexyz 's SKHY pre IPO perp, priced it at:
3 hours out: $164 (-3.4% miss)
1 hour out: $169.80 (within 0.1%)
1 minute out: $169.92 (within 0.05%)
Hyperliquid
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KIOXIA is now live. 10x leverage, 24/7, 365.
