On November 6th, 2025, LeverUp made a significant entry into the decentralized finance (DeFi) space with the launch of its liquidity provider-free perpetual exchange in New York. This new platform, built on the Monad blockchain, promises to revolutionize the trading experience for users by eliminating fees and ensuring complete transparency. The publication demonstrates positive momentum in the developments surrounding this innovative exchange.
Innovative Approach to DeFi Challenges
LeverUp's innovative approach addresses some of the systemic challenges currently faced in the DeFi landscape. By removing the need for liquidity providers, the platform allows for a more streamlined trading process, which can lead to improved efficiency for traders.
Commitment to Fair Trading
In a move to foster a fairer trading environment, LeverUp has committed to redistributing 100% of its protocol fees back to the traders. This initiative, backed by Makers Fund, aims to create a more balanced ecosystem where users can benefit directly from their trading activities. Ultimately, this enhances the overall user experience on the platform.
On the same day, Hong Kong authorities charged influencers linked to the now-defunct JPEX exchange, highlighting ongoing regulatory efforts in the crypto industry. For more details, see charges against influencers.
