24/7 Tokenized & Crypto Markets

Specifications for crypto-native and tokenized asset perpetuals that trade around the clock.

These instruments reference crypto-native or tokenized assets with continuous on-chain pricing. Markets are open 24 hours a day, 7 days a week with no session breaks or weekend closures.

Instrument Specifications

Market
Ticker
Settlement
Max Leverage
MMR
Liq. Leverage
Margin Mode
Contract Size

Bitcoin

BTC/USD:USDC

USDC

20×

2.5%

40×

Isolated

0.000000001

Ethereum

ETH/USD:USDC

USDC

20×

2.5%

40×

Isolated

0.0000001

Solana

SOL/USD:USDC

USDC

10×

5%

20×

Isolated

0.00001

Sui

SUI/USD:USDC

USDC

10×

5%

20×

Isolated

0.00001

Tether Gold

XAUT/USD:USDC

USDC

20×

2.5%

40×

Isolated

0.0000001

Hyperliquid

HYPE/USD:USDC

USDC

10%

10×

Isolated

0.00001

Monad

MON/USD:USDC

USDC

10%

10×

Isolated

0.000001

Zcash

ZEC/USD:USDC

USDC

10×

5%

20×

Isolated

0.00001

BNB

BNB/USD:USDC

USDC

10%

10×

Isolated

0.00001

MMR (Maintenance Margin Ratio) is the minimum margin a position must hold to avoid liquidation. Once effective leverage exceeds Liq. Leverage (1 / MMR), the position becomes eligible for partial liquidation — only the amount needed to restore it to max initial leverage is closed, not the whole position. See Margin and Liquidations for details. Parameters are governance-configurable with an on-chain time delay.

About XAUT/USD

XAUT/USD references Tether Gold (XAUT), a tokenized gold product backed 1:1 by physical gold held in Swiss vaults. Because XAUT is an ERC-20 token with continuous on-chain liquidity, its oracle feed is always available — making it a 24/7 market despite tracking the price of a physical commodity.

This is a key distinction from raw commodity perpetuals like XAG/USD (Silver), which follow exchange session hours because their oracle feeds reflect real-world commodity exchange pricing.

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