Velocity opens beta perpetual futures DEX to all users with up to 20x leverage

  • Velocity removes its whitelist and opens its beta perpetual futures DEX to all users.
  • 20x leverage is available on some contracts, with USDT used for on-chain settlement.
  • Velocity supports wBTC, wETH, SOL and USDT as collateral within one account.

Velocity has removed its whitelist and opened the beta of its decentralized exchange (DEX; a platform for peer-to-peer trading) for perpetual futures (derivatives without an expiry date) to all users. The platform supports wBTC, wETH, SOL and USDT as collateral within a single account. Some contracts offer leverage of up to 20 times, and trades are settled on-chain in USDT, PANews reported on Sept. 21.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.