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TipRanks 2022-05-03 14:26:53

Gains Network Launches Leveraged On-Chain Stock Trading

Crypto derivatives trading is among the fastest-growing financial areas of the decentralized finance (DeFi) ecosystem. However, the current crypto derivatives market is mainly limited to blockchain-backed derivatives, primarily because few on-chain synthetic assets or other similar tools can mirror the performance of off-chain assets. Addressing this ecosystem deficit and adding a new investment opportunity for DeFi aficionados, Gains Network, the Polygon-based decentralized leveraged trading platform, has rolled out a new line of products that allows users to trade the price of stocks on-chain with leverage. Per the latest development, Gains Network’s gTrade is now the first crypto derivatives platform to offer leveraged trading based on the prices of real-world stocks.

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