Dossier
TradeXYZ
Coverage of TradeXYZ in the Nexus archive.
- The Funding: As SpaceX’s listing nears, are pre-IPO perps crypto’s next big market?
SpaceX's listing is nearing and pre-IPO perpetual futures have had a proof of concept moment with the Cerebras market on TradeXYZ. This development could lead to crypto being the next big market. The success of this concept may impact the future of funding and investments.
- Is there demand for 24/7 equity perps beyond US stocks?
TradeXYZ has achieved $100B+ volume and $87M annualized fees in 5 months with its US equities perpetuals model, but non-US markets like Japan ($6T), India ($4.8T), and China ($10T+) lack on-chain coverage. The article questions if there is genuine demand for global equity perpetuals beyond US stocks, similar to early crypto DEX expansion patterns.