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Aster Launches Hong Kong Stock Perpetual Contracts Tied to Tencent, Xiaomi, Pop Mart and MiniMax

According to Aster’s May 11 statement, the platform now offers Hong Kong stock-linked perpetual contracts for Tencent, Xiaomi, Pop Mart, and MiniMax, allowing users to trade them on-chain with cryptocurrency.

Summary

Aster said it has launched Hong Kong stock perpetual contracts linked to Tencent (00700.HK), Xiaomi (01810.HK), Pop Mart (09992.HK), and MiniMax (00100.HK). According to the company’s May 11 statement, users can trade these assets on-chain using cryptocurrency rather than through a traditional brokerage account. The launch expands Aster’s stock-linked derivative offerings by combining crypto-based access with perpetual contracts that provide price exposure to selected Hong Kong-listed equities without direct share ownership.

Terms & Concepts
  • Perpetual contracts: Derivative instruments with no expiration date, allowing traders to speculate on price movements without owning the underlying asset.
  • On-chain: Activity executed on a blockchain network, where transactions or trades are processed using blockchain-based infrastructure.
  • Derivatives: Financial contracts whose value is tied to an underlying asset, such as a stock, index, or cryptocurrency.