Ondo Perps Adds Spot Trading for 12 Tokenized Stocks and ETFs
Derivatives platform Ondo Perps has launched spot trading for 12 tokenized stocks and ETFs. The exchange is allowing traders to use purchased tokenized assets as collateral for short perpetual positions and is waiving spot trading fees for the first 30 days.
Why It Matters
Enabling spot trading and collateral use for tokenized equities expands on-chain access to traditional financial instruments, while a temporary fee waiver may accelerate user adoption and liquidity for these tokenized assets.
Key Facts
- Platform: Ondo Perps
- Offering: Spot trading for 12 tokenized stocks and ETFs
- Collateral use: Purchased tokens can be used as collateral for short perpetual positions
- Fee promotion: Spot trading fees waived for the first 30 days
Derivatives venue Ondo Perps has added spot trading for a set of 12 tokenized stocks and exchange-traded funds. The move makes those tokenized equities and ETFs directly tradable on the platform in addition to any existing derivative products it offers. In a notable product detail, Ondo Perps allows traders to use tokens they purchase on the spot market as collateral when opening short perpetual positions. That capability links spot token ownership to leverage and shorting workflows on the venue. To encourage early uptake, the platform is waiving spot trading fees for an initial 30-day period. The promotion applies to the newly listed tokenized stocks and ETFs during that window. The combination of spot listings, collateral utility for perpetuals, and a temporary fee waiver is designed to deepen liquidity and provide additional flexibility for traders using tokenized representations of traditional assets on Ondo Perps.
Keep Reading
Bitwise NEAR ETF Clears Listing and Registration Hurdles
Franklin Templeton Fund Shares Become Bybit Trading Collateral
Fake GIWA Layer 2 Bridge Drained of 766 ETH
‘I’m never selling’: I’m 47 and buy bitcoin with every dollar I earn. Am I crazy?
Original source: The Defiant