trade.xyz has rolled out Event, a new product that marks its formal move into prediction markets, according to an official announcement cited by BlockBeats on Sept. 11. The company said the offering will cover sports, politics, economics, and financial markets, with more categories and contract structures set to be added over time. The launch ties prediction-style trading to trade.xyz’s existing perpetual futures infrastructure rather than relying on a separate external pricing system. The platform said users can deposit spot BTC, borrow USDC through portfolio margin, open a pre-IPO SpaceX perpetual position, hedge an upcoming SK Hynix earnings event through event markets, and take positions on the U.S. Open champion. trade.xyz added that its earlier Up/Down markets, described as similar to binary event contracts, already span equities, commodities, and pre-IPO markets. Those markets are backed by the depth and liquidity of trade.xyz perpetual contracts on HIP-3, while the perpetuals themselves provide continuous price discovery and serve as the settlement source.
trade.xyz has launched Event, formally entering the prediction markets segment, according to an official announcement cited by BlockBeats on Sept. 11.
The company said Event will cover sports, politics, economics, and financial markets, with the scope of categories and contract formats set to expand over time.
According to the announcement, users can deposit spot BTC, borrow USDC through portfolio margin, open positions in pre-IPO SpaceX perpetual contracts, hedge the upcoming SK Hynix earnings event through event markets, and choose the U.S. Open champion market.
trade.xyz said its initial Up/Down markets, which it described as similar to binary event contracts, cover equities, commodities, and pre-IPO markets. Those markets are supported by the depth and liquidity of trade.xyz perpetual contracts on HIP-3.
The platform added that these perpetual contracts provide continuous price discovery and act as the settlement source. As a result, each contract is based on XYZ’s liquid market pricing rather than an external oracle.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
