BitMEX is launching “Equity Perps,” which allows 24-hour trading of stock derivatives using cryptocurrency as collateral, Cointelegraph reported on Tuesday.
The product supports investment in major U.S. stocks and indexes including Apple, Tesla and the Nasdaq. Cointelegraph said the move is part of a strategy to expand beyond the crypto derivatives market into traditional finance.
Bitget recently announced that spot trading volume in tokenised stocks had surpassed $1 billion, while Kraken’s xStocks tokenised stocks also saw more than $10 billion in trading. Coinbase is also integrating stocks, prediction markets and tokenised assets, blurring the line between cryptocurrencies and traditional assets.
BitMEX CEO Stephan Lutz said, “Young investors want to use leverage to trade at the time they want.” He added, “Equity Perps expands investment opportunities by using crypto as collateral while improving access to traditional stock markets.”
Chi-gyu Hwang
delight@d-today.co.kr