- Ondo Perps has announced its arrival, becoming the first platform to support permanent futures trading on US markets and commodities.
- Users will be able to trade fixed up to 20x.
- On Ondo Perps, users will be able to use their Ondo tokenized stock as collateral, opening the door to permanent trading without selling existing assets.
On July 7th, Ondo Finance officially announced the launch of Ondo Perps in public beta with an impressive 20x leverage on permanent investments.
The platform will open the door for non-US users to trade futures on leading US stocks, ETFs, and commodities at any time.
The launch comes at a time of heightened excitement around the world’s real estate and securities markets. Ondo Perps is said to be the first platform to allow stocks as a guarantee of permanent trade. This will allow users to expand their content without selling it. For example, someone who owns Tesla stock can use it directly as a margin to open a positive position on Nvidia or the S&P 500 ETF, which allows users to keep their portfolio balanced and fully utilized.
“Ondo Perps is the first platform to allow stocks as collateral, available to Pre-Alpha users. RWA perps can now trade on a platform built to provide both cash and cash equivalents to traditional exchanges,” said a post on X.
What are Perpetual Futures on Ondo Perps?
Perpetual futures (perps) are contracts that allow traders to speculate on the price of an asset without owning it and without an expiration date. In the future at all times, traders can hold positions for an indefinite period of time, with financial support to help keep the price of the contract in line with the underlying conditions.
At Ondo Perps, their contractors are looking for the most authentic types of real estate around the world. It also comes with traditional mechanics followed in the ever-present crypto space.
The launch of Ondo Perps comes after the success of Ondo Global Markets, which has enabled over 430 US stocks and ETFs to cross-chain like Ethereum, Solana, and BNB Chain. These tokens are backed by real security, which is maintained by regulated administrators. It tracks all returns, including dividends.
In announcing the launch, Ondo Perps has included famous names such as Tesla, Apple, Nvidia, SpaceX, US 100, US 500, along with products such as Mafuta.
Ondo Perps also revealed that users will be able to earn rewards on the new platform. The platform will offer weekly USDC incentives based on trading activity, with first prize pools as high as $150,000 in USDC in the first week.
The post said: “There are many ways to earn rewards, starting with a referral program and business rewards that are distributed based on business activity.” In addition, the new Ondo Points program for business perps is coming soon.“
The Endless Market Is Growing With Systematic Sound
Ondo Perps was established after major events from US regulatory agencies. On May 29, the Commodity Futures Trading Commission (CFTC) approved the first government-regulated Bitcoin perpetual futures contract in the US, which is offered by Kalshi. On the same day, the CFTC also issued a permit Coinbase providing a permanent future for US customers through an offshore partner.
Although the approvals apply to crypto products for US investors, Ondo Perps is different because it offers unlimited futures in stocks, but for traders outside the US, since this product is not allowed for American investors on a daily basis.
Amid regulatory clarity around the financial sector, the general market is expected to increase in the near future due to high interest from institutional investors.
