US500 Perpetual Contract Tops $100M in 24-Hour Volume Within First Week

According to Odaily, the newly launched US500 index perpetual contract has surpassed $100 million in 24-hour trading volume just one week after its launch. In a post on X, Brian Armstrong said the new contract is seeing solid initial trading momentum. The US500 index is composed of the 500 largest companies in the United States, and the contract is available for trading in the U.S. market. The volume milestone came in the contract's first week on the market. Armstrong's post on X described the product's early trading pace as good. The index behind the contract is made up of the country's 500 biggest firms. Odaily first reported the development, citing Armstrong's statement on X. The contract's 24-hour trading volume broke through $100 million within seven days of going live. Armstrong said the initial trading momentum has been favorable. Trading is available in the United States, per the report. The product's debut week performance was noted by Armstrong, who shared his assessment of the contract's early days on X.