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Prediction Market Platform Polymarket Expands into Perpetual Futures Trading, Competing with Robinhood (HOOD.US), Coinbase (COIN.US) and Others
Prediction market platform Polymarket announced that it is expanding its business into perpetual futures trading. Perpetual futures contracts have no expiration date, allowing trad...
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Prediction Market Platform Polymarket Expands into Perpetual Futures Trading, Competing with Robinhood (HOOD.US), Coinbase (COIN.US) and Others
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Prediction market platform Polymarket announced that it is expanding its business into perpetual futures trading. Perpetual futures contracts have no expiration date, allowing traders to hold leveraged positions and close them at any time, provided sufficient margin is maintained to support the positions.

Polymarket did not specify whether its services will include cryptocurrency perpetual futures. However, the company is built on the Ethereum and Polygon blockchains, and transactions are primarily denominated in the stablecoin USDC. Cryptocurrency traders have been a key driving force behind Polymarkets rapid rise in 2024.

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According to The Information, its main competitor Kalshi plans to launch cryptocurrency trading services, including perpetual futures. In addition, trading platforms Robinhood (HOOD.US)      , Coinbase (COIN.US)      and Kraken have incorporated prediction markets into their service offerings over the past year. (fc/w)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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