Ondo Perps Launches On-Chain Perpetual Trading Platform
Ondo Perps has launched its on-chain perpetual trading platform, allowing users to trade tokenized stocks with up to 20x leverage.
The new platform, which is available globally except for the US, Panama, and other prohibited jurisdictions, will compete with decentralized exchanges like Hyperliquid and ApeX Protocol, as well as centralized exchanges such as Coinbase.
Ondo's core differentiator is that tokenized stocks can be posted as collateral, letting traders back a leveraged position without first converting to stablecoins.