The decentralized finance (DeFi) ecosystem will introduce leveraged trading of US stock prices via its gTrade trading platform.
Gains Network, a fully-fledged DeFi ecosystem, is launching its beta version of on-chain leveraged trading of US stock prices on gTrade, a decentralized trading platform. The beta launch will start off with three US-listed stocks namely $AAPL, $GOOG, and $FB, a statement from the Gains Network team reads. More US stocks are set to be added to the platform following a successful beta testnet period, it added.
Announced Tuesday, May 3, the launch of leveraged trading of US stock prices will allow users to trade prices of stocks on-chain with leverage of up to 150x. This aims to boost the liquidity of decentralized trading while marking a crucial milestone in the DeFi space as the first-ever leveraged trading DeFi platform for publicly traded stocks.
“We are delighted and honoured to be the project that takes DeFi a significant step further by being the first to offer synthetic leveraged trading on the sp ..
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