Ondo Perps Adds Spot Trading for 12 Tokenized Stocks and ETFs
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Ondo Perps added spot trading for 12 tokenized stocks and exchange-traded funds on Sept. 28, and eligible traders outside the U.S. can buy the tokens on the platform. The same platform also lets users use those positions as collateral for perpetual futures, bringing spot and perps together in one place. The launch was described as 24/7 spot trading for tokenized stocks and ETFs.
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What it means
Traders outside the U.S. who are eligible for the service now have a platform where tokenized stocks and ETFs can be bought and then used alongside perpetual contracts. That matters for people using the same venue for both spot positions and derivatives, because the trading setup described here is available on the platform today.
Before this launch, the spot and perpetual futures functions were not described together on the same platform in these pieces. What stays the same is that the spot-trading addition is limited to tokenized stocks and exchange-traded funds, rather than a broader set of assets. (per tokenpost.com)
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