Papertrade Draws $3B in Bitcoin Open Interest as on-Chain Perps Exchange Launches
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Bitcoin.com
BITRSSPapertrade Perp DEX Pulls in $118M in 24 Hours With 1,000x Leverage
This weekend, a new cryptocurrency trading platform built on Hyperliquid, known as Papertrade.xyz, has become a lively topic of conversation across the crypto community. The application allows traders to leverage their positions by as much as 1,000 times their initial investment, an eye-popping proposition that has helped attract more than $100 million in deposits since […]
Papertrade planned to debut at HyperEVM on October 10. CryptoBriefing reported that, after the opening, it recorded $3 billion in Bitcoin’s open interest and $14.4 billion in notional volume in less than ten minutes. According to the project description, its home fund started empty and leverage can reach 1,000x, so it is appropriate to distinguish the registered exposure from the money deposited.
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapPapertrade draws $3B in Bitcoin open interest as on-chain perps exchange launches
The launch of Papertrade could reshape crypto trading dynamics, emphasizing leverage and risk, potentially impacting market stability and liquidity.
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