perpetual

According to Bloomberg, Ripple's main brokerage division, Ripple Prime, is launching perpetual contracts for real-world assets (RWA) aimed at institutional clients, covering over 100 reference markets including stocks, indices, ETFs, and commodities. This product is offered through Trade.xyz on Hyperliquid, continuing Ripple Prime's previous strategy of opening up cryptocurrency perpetual contract trading to clients.This arrangement supports cross-position margin sharing. Michael Higgins, CEO of Ripple Prime International, stated that this move helps institutions improve capital efficiency and position management. Clients can pair perpetual contracts with underlying assets for basis trading or use the contracts for directional trading to gain exposure to relevant assets during traditional market closures and on weekends.In the past year, the open interest of RWA perpetual contracts on several major trading platforms has increased from nearly zero to $9 billion. Higgins also mentioned that traditional hedge funds are "very close" to directly participating in the tokenized RWA market, with the key being the establishment of infrastructure that meets their counterparty and anti-money laundering requirements.

The AI Agent project NeoSoul token DNA will be launched on October 16 on Binance Alpha, OKX perpetual contracts, as well as exchanges like Bitget, Gate, MEXC, and KuCoin. The DNA airdrop query is now open.In addition, according to Binance Wallet news, Binance Alpha will be the first platform to launch DNA, and eligible users can use Binance Alpha points to receive the DNA airdrop.

According to the market information platform Liquid247.xyz, the current price of BTC is $81,452. The thickest order book is on Binance perpetual: sell orders amount to $48.2242 million, buy orders amount to $46.5586 million, with sell orders exceeding buy orders by $1.6656 million.The spot buy orders on Binance are thicker than the sell orders, but the scale is smaller than the perpetual. Since the sell orders on Binance perpetual are thicker, if a large buy or sell suddenly occurs, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

According to official news, Gate's stock section has launched the JIOUSDT (Jio Platforms) perpetual contract for pre-market trading, using USDT for settlement, supporting 1---10 times long and short mechanisms, allowing users to flexibly choose leverage multiples when placing orders. As of now, Gate's stock section has cumulatively supported trading of 476 stock perpetual contracts.Jio Platforms, as the digital services flagship subsidiary of Reliance Industries in India, conducts business relying on India's largest mobile operator Reliance Jio, covering areas such as 5G networks, cloud computing, e-commerce, and digital media, successfully creating the largest digital ecosystem in India. Jio Platforms has not yet officially gone public, and this contract aims to provide a market-based valuation and price discovery channel prior to its listing.

The perpetual contract platform StandX announced a one-time DUSD airdrop to the community, where users can claim the full amount with no lock-up. The distribution criteria include pre-deposits, Alpha, mainnet trading, market making, and referral activities. All amounts must pass anti-whale and volume manipulation checks, and amounts for abnormal accounts may be adjusted or canceled. StandX also stated that it has decided not to issue tokens, and the airdrop funds come from the project's remaining income and additional contributions from the team.StandX stated that after the mainnet goes live in November 2025, it has served over 237,000 users, with a peak TVL exceeding $200 million, and no security incidents have occurred during its operation. Airdrop inquiries will open on October 26 at 00:00 (UTC), with the claiming period from November 1 at 00:00 to December 31 at 08:00 (UTC). Claims not made within this period will be considered forfeited. Users must use the BNB Chain or Solana wallet address used on StandX to claim.StandX also announced that it will gradually cease operations after assessing business and market conditions. From October 15, all types of earnings will stop, and new deposits to the treasury will be closed. From October 20, perpetual contracts will enter a mode of only reducing positions. All remaining positions will be liquidated at the marked price on January 15, 2027, and January 31, 2027, will be the deadline for DUSD redemption and asset withdrawal. The official reminder is to claim the airdrop only through standx.com.

Bitget has launched the FASTRETAILING stock perpetual contract. This contract is settled in USDT, supports up to 20 times leverage, and allows trading 24/7. As of now, Bitget supports a total of 356 stock perpetual contract underlying assets.

According to the market information platform Liquid247.xyz, the current price of ETH is $2,361.52. The thickest order book is on Binance perpetual: sell orders amount to $63.3768 million, buy orders amount to $49.6463 million, with sell orders exceeding buy orders by $13.7305 million.The buy orders on Binance spot and Coinbase spot are thicker than the sell orders, but the scale is smaller than that of Binance perpetual. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

According to Bloomberg, data shows that the total open interest of perpetual contracts on mainstream trading platforms has decreased from $81 billion to about $67 billion over the past year, while the open interest of contracts linked to real-world assets (RWA) has increased from nearly zero to $9 billion, accounting for 14% of the total. This indicates that the enthusiasm for leveraged trading in the crypto market has not yet returned to previous levels, and the related trading infrastructure is gradually expanding to traditional assets such as stocks and commodities.During the same period, the open interest of Bitcoin perpetual contracts decreased by about $8 billion, Ethereum by about $5 billion, and other tokens collectively decreased by about $10 billion, with the growth of traditional asset contracts only partially offsetting the aforementioned declines.

According to CoinDesk, Nasdaq-listed fintech company Perpetuals.com plans to offer tokenized trading services for U.S. stocks based on the innovative exemption mechanism introduced by the U.S. Securities and Exchange Commission (SEC). This plan predates the proposal related to the joint venture between OKX and Intercontinental Exchange (ICE).Perpetuals.com CEO Patrick Gruhn co-founded Digital Assets AG, which developed stock-linked tokens for cryptocurrency exchanges including Binance and FTX, and was later acquired by FTX Group. The related trading could potentially start in mid-November, but the company still needs to complete technical and compliance preparations.

Vice President Joe Burnett of Strive posted on platform X that investors can now participate in the SATS perpetual preferred stock IPO through Fidelity.

Bitget has now launched the JIO (Jio Platforms) IPO pre-market perpetual contract, providing global users with a channel to participate in potential earnings before the company's listing and to capture early market opportunities. The contract is settled in USDT, supports up to 20 times leverage, and allows trading 24/7.Jio Platforms is a digital technology and telecommunications platform under Reliance Industries in India, established in 2019 in Mumbai, India. It operates India's largest telecommunications network through its subsidiary Reliance Jio Infocomm, offering digital services such as 5G, broadband, cloud computing, and AI. As of March 2026, it has over 524 million users. The company plans to dual-list on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

According to the market information platform Liquid247.xyz, Binance's perpetual ETH has approximately 6,848.69 sell orders at a price of $2,525.00, with a nominal value of about $17.29 million, which is about 0.19% above the mid-price of approximately $2,520.17 at that time.The total sell orders on the near-end market amount to approximately $83.62 million, while the buy orders are about $61.83 million, resulting in a net sell order surplus of approximately $21.79 million, accounting for 14.98% of the total depth.

According to the market information platform Liquid247.xyz, the current price of BTC is $83,443. The thickest order book is on Binance perpetual: sell orders amount to $42.0836 million, buy orders amount to $32.5048 million, with sell orders exceeding buy orders by $9.5788 million.Coinbase's spot sell orders are also thicker than buy orders, but the scale is smaller than that of Binance perpetual. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

According to the market information platform Liquid247.xyz, the current price of ETH is $2,511.42. The thickest order book is on Binance perpetual: buy orders amount to $62.7423 million, sell orders amount to $52.0704 million, with buy orders exceeding sell orders by $10.6719 million.Binance spot buy orders are also thicker than sell orders, but the scale is much smaller than that of perpetual. Coinbase has thicker spot sell orders. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

ARC Terminal announced its return on October 13, launching AI-driven perpetual contract trading features. The platform captures market narratives through The Feed, which are then transformed into trading strategies by the AI agent ANIMA. Users only need to confirm to execute, supporting natural language commands like "go long on SOL, risk $40." ANIMA will automatically generate entry points, take-profit, and exit points, displaying them on the chart.The platform currently supports nearly 300 markets, with unified account balances, initially integrating with Hyperliquid, and will expand to more exchanges in the future. ARC Terminal stated that points previously earned by users are eligible for participation in future incentive programs, with all time spent on the platform counting towards future rewards. According to the roadmap, it will introduce more exchange integrations, a complete roadmap from the fourth quarter to next year, competitions with real prize pools, early points holder reward programs, and new supporters and partners.

On October 13, 2026, the real-world asset market HyperDex announced the launch of a spot and perpetual contract aggregator, placing spot routing, cross-chain transfers, and the newly announced perpetual aggregation on the same interface. The announcement did not disclose the trading volume upon launch, and the perpetual section did not specify the venue, supported contracts, collateral rules, or liquidation mechanisms; the product is currently labeled as beta.The interface provides quotes for each exchange and cross-chain transaction between exchanges, cross-chain bridges, and intent resolvers; users sign with their own addresses, and funds are routed through audited contracts to the selected target, with the platform not holding custody. The team claims to have integrated with LI.FI, RIFT, Enso, Ravn, and specifically mentions Relay, Across, NEAR Intents, Chainflip, among others, totaling over 70 venues and more than 19,000 tokens, including tokenized stocks, gold, government bonds, and credit issued by Ondo, Backpack, Coinbase, Robinhood, etc. The supporting chain documentation states that routing covers 69 mainnets, 36 bridges, and 39 exchanges, including EVM, Bitcoin, Solana, Sui, and Zcash.After selecting tokens, chains, and quantities, the system requests quotes and sorts them by the best price or fastest completion, refreshing quotes every 20 seconds. Before signing, it displays the minimum received amount, network fees, HyperDex fees, and estimated completion time; standard transfer fees are 0.50%, private exchanges are 0.75%, and protocol fees are deducted from the sent tokens. On-chain settlements are reportedly completed atomically, and any slippage beyond the limit will roll back; if a cross-chain bridge is completed but the target chain exchange fails, users will receive the bridged assets on the target chain. The routing contracts are claimed to be audited, open-source, and have a bug bounty program.

Trader Maji (Huang Licheng) posted on X to comment on the perpetual contract protocol Papertrade. He stated that Papertrade is profitable, there are no useless points, users can immediately receive PAPER tokens, and by staking, they can earn fees. There is currently no reason to use any other perpetual contract protocol.

According to the market intelligence platform Liquid247.xyz, OKX perpetual BTC has approximately 109.7 sell orders at the price level of $83,610, with a nominal value of about $9.17 million, which is an increase of about 0.05% from the mid-price of approximately $83,571 at that time.The total buy orders at the near-end market amount to approximately $18.65 million, while the sell orders are about $28.88 million, resulting in a net sell order surplus of approximately $10.24 million, accounting for 21.54% of the total depth.

According to the official announcement, Bitget has launched ZCSH (Grayscale Zcash Trust) and SNPS (Synopsys) perpetual contracts. The above contracts are settled in USDT, supporting up to 20 times leverage and 24/7 trading. As of now, Bitget supports a total of 348 stock perpetual contract underlying assets.

According to the market information platform Liquid247.xyz, the current price of ETH is $2,463.31. The thickest order book is on Binance perpetual: buy orders amount to $56.6135 million, sell orders amount to $54.3143 million, with buy orders exceeding sell orders by $2.2991 million.The spot buy orders on Binance are also thicker than sell orders, but the scale is smaller than that of the perpetual. If a large buy or sell suddenly occurs, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.