PowerTrade has announced the launch of the world’s first options trading on tokenized stocks, known as xStocks, marking a significant advancement in bridging traditional equities with crypto derivatives.
Launch of First Options on Tokenized Stocks
PowerTrade, in partnership with its decentralized exchange counterpart PowerDEX, is set to debut options on TSLAx and HOODx, tokenized representations of Tesla and Robinhood shares, respectively.
These contracts will trade 24/7 and settle in USD Coin (USDC).
Accessibility and Trading Conditions
Traders will be able to post margin in USDC, Bitcoin (BTC), Ethereum (ETH), and other supported cryptocurrencies, making the product highly accessible across the digital asset space. PowerTrade is launching xStocks options across both its centralized and decentralized platforms, enabling shared liquidity and seamless execution.
Options Analytics Platform
In addition to xStocks, PowerTrade also launched the first-ever Altcoin Options Analytics Platform. This includes implied volatility data, volatility surfaces, market positioning metrics, and arbitrage strategies, equipping users with informed trading decisions.
The launch of options on tokenized stocks and the analytics platform underscores PowerTrade’s mission to fuse the best of TradFi and DeFi.
