Decrypt is integrating perpetual futures trading provided by Phoenix, a decentralized exchange on Solana, directly into its website. Readers can take long or short positions, with leverage, on cryptocurrencies, US stocks, ETFs, gold, and pre-IPO companies. All positions draw from a Decrypt Money Account balance, while profits and losses are settled in USDC. Phoenix lists 106 perpetual futures markets and reported approximately $31.76 million in daily trading volume and $16.51 million in open interest when the integration was announced. The partnership expands The Information Exchange, which also includes prediction markets, token swaps, and an earn product.
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