trade.xyz launches MINIMAX perpetual trading with up to 10x leverage

The platform said on June 18 that users can now trade MINIMAX contracts, expanding access to leveraged exposure on the token.

Summary

trade.xyz has added MINIMAX contract trading, with leverage of up to 10x, according to an official announcement cited by BlockBeats on June 18. The listing gives users a way to take amplified long or short exposure to MINIMAX through leveraged derivatives rather than spot trading alone.

Terms & Concepts
  • perpetual trading: Crypto derivatives trading without expiry
  • leverage: Borrowed exposure that magnifies gains or losses
  • MINIMAX: The token underlying the newly listed contract