Back

MyStonks Launches Contract Trading Public Beta for US Stock Tokens

MyStonks launched its open beta contract trading, now supporting US stock token perpetual contracts in the RWA sector with up to 20x leverage, while discontinuing last week's fee refund mechanism in $BMNR.M tokens.

Summary

PANews reported on August 11 that MyStonks launched its open beta contract trading at 4:00 PM, introducing US stock token perpetual contracts in the RWA sector with flexible leverage up to 20x and a matching engine with millisecond-level feedback. The platform will no longer refund last week's $9,283.75 in contract fees in $BMNR.M tokens after the beta launch.

Terms & Concepts
  • Perpetual Contracts: Derivative contracts without an expiration date that enable traders to maintain open positions.
  • Leverage: The use of borrowed funds to amplify trading positions, with this platform offering up to 20x leverage.
  • RWA Sector: A segment representing real-world asset-backed tokens that bridge traditional finance and crypto markets.