Ondo Perps said its cumulative trading volume has passed $3 billion one week after its public launch, while 24-hour volume has doubled from the first day to $200 million. At the same time, the platform added two tokenized South Korean stock products: SK Hynix under the ticker SKHY and Samsung Electronics under SMSN. Ondo Perps allows users to post tokenized stocks and ETF holdings directly as collateral for perpetual futures positions. For users outside the United States, the platform offers leverage of up to 20x across instruments tied to Tesla, Nvidia, Apple, as well as gold and silver. The team has also said that using U.S. equities as collateral is only the starting point, and that AI-driven trading flow will be a key focus going forward.
Ondo Perps said total trading volume has exceeded $3 billion one week after the platform’s public launch. Its 24-hour trading volume has also doubled from the first day of launch to $200 million.
The platform has added two tokenized South Korean stock instruments: SK Hynix, listed as SKHY, and Samsung Electronics, listed as SMSN.
Ondo Perps allows users to use tokenized stocks and ETF holdings directly as collateral for perpetual futures trading. For non-U.S. users, it offers leverage of up to 20x across products linked to Tesla, Nvidia, Apple, as well as gold and silver.
The Ondo Perps team previously said that using U.S. stocks as collateral is only the beginning, and that AI-driven trading flow will be a major focus in the future.
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