Some people trade cryptocurrencies, while others trade US stocks. And now, some are directly trading US stock indices on-chain.
Yes, that's the S&P 500 (SPX500) and the Nasdaq 100 (NAS100). No more opening US stock accounts, no more waiting for the US market to open, just directly on DeFi, opening 20x leverage, trading 24/7.
It's truly a scene where TradFi is being "eaten" by the blockchain.
In the past, trading SPX500 meant enduring the US market opening hours, but now you can keep an eye on the candlestick charts even at dawn on weekends. Want to short Apple or bet on Tesla? Just a couple of clicks in the Orderly ecosystem's DEX, settled in USDC, and everything is done on-chain.
Some ask: "Will trading US stocks on-chain cause prices to fluctuate wildly?" Don't worry, their price feeds come from three independent institutions: Finage, Tradermade, and Pragma. The price is taken as the median, which resists manipulation. On weekends, there's also a built-in risk protection to prevent you from being liquidated by low volume.
💡 Here are the key points:
SPX500, NAS100 perpetual contracts
20x leverage
USDC settlement
Limit / Market / Take profit and stop loss orders can all be used
Cross-margin, multiple collateral assets are okay
All-weather trading (while TradFi sleeps, we keep trading)
While others are still waiting for the US market to open, you are already placing orders for SPX500 on-chain.
DeFi is not just about "replacing" TradFi; it is—bringing Wall Street on-chain.
Want to try? Go take a look around the DEXs in the @OrderlyNetwork ecosystem. You can really trade US stocks on-chain now. #ORDER
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