Decentralized Cryptocurrency Exchange PancakeSwap Introduces “Stock Perpetual Contracts”
On Wednesday, decentralized cryptocurrency exchange PancakeSwap announced the addition of a new category of “Stock Perpetual Contracts” to its perpetual contract platform, allowing users to trade perpetual contracts for stocks such as Apple (AAPL), Amazon (AMZN), and Tesla (TSLA) directly on-chain through their cryptocurrency wallets.
PancakeSwap stated that these derivatives track the real stock prices and offer up to 25x leverage, while enabling users to “fully control their assets on the BNB Chain.” It is important to note that this product can only be traded during U.S. stock market trading hours.