🔥You can now trade the official SP500 index on Hyperliquid 🚀
The S&P Dow Jones has officially granted the trademark license for S&P500 to trade.XYZ, which allows for the launch and trading of "the first and only officially licensed perpetual derivatives contract based on the famous S&P500 index," according to an official statement.
This collaboration has a significant impact on the sector
#cripto as it is the first time that eligible non-U.S. investors can gain leveraged exposure to #S&P500 through an official licensed native digital product designed to trade 24/7 on a decentralized platform like
#Hyperliquid .
For those unfamiliar with "perpetual contracts," these are like a type of derivative unique to the crypto ecosystem, allowing any user to take leveraged long or short positions on an underlying asset with a fixed expiration date.
Just in this past week, 7 of the major markets on trade.xyz were pairs of
#Criptomonedas and the rest were tokenized or synthetic versions of traditional assets like gold, silver, oil, among others.
Have you ever imagined trading official indices like the S&P500 with crypto on a weekend?
$HYPE