Crypto
Crypto Exchanges Offer Perpetuals on Chinese Stocks, Blurring Regulatory Lines
Crypto exchanges are emerging as an alternative access route for offshore investors seeking exposure to Chinese artificial intelligence and semiconductor equities.
Perpetual futures contracts, originally developed in crypto markets to speculate on assets like Bitcoin (BTC), have been repurposed to provide synthetic exposure to public equities and pre-IPO companies.
TradeXYZ and Gate.com have launched perpetual futures contracts designed to track the share price of Chinese chipmaker CXMT ahead of its expected listing on Shanghai's stock exchange.
CXMT-linked perpetual futures recorded roughly $19 million in trading volume over the past 24 hours, underscoring a rapid pickup in activity.