Crypto Exchanges Open Back Door to China AI Bets with Perpetual Futures
Crypto exchanges and decentralized finance platforms have launched perpetual futures products tied to CXMT shares. Investors can post stablecoins as collateral, take long or short positions, and keep those positions open without expiration.
The product is closer to leveraged speculative trading and carries regulatory and investment risks, including an investor alert from the Monetary Authority of Singapore (MAS).
Global investors are getting a new way to bet on Chinese artificial intelligence companies listed on mainland exchanges while sidestepping Beijing's restrictions on foreign stock investment.
Crypto platforms TradeXYZ, Gate.com, and others recently launched perpetual futures linked to the share price of ChangXin Memory Technologies (CXMT), China's largest DRAM maker. The Financial Times reported this on July 28.