trade.xyz, a trading platform built on Hyperliquid, has launched an Events market that combines trading in sports, politics, economic, and financial market events under one account. According to PANews, users can deposit spot BTC, borrow USDC through portfolio margin, trade perpetual contracts on pre-IPO assets such as SpaceX, and use event contracts to hedge earnings-related risks or predict sports outcomes.
The first Up/Down event contracts cover stocks, commodities, and pre-IPO assets. Their liquidity and continuous price discovery are provided by trade.xyz's perpetual contract market deployed on Hyperliquid HIP-3. The contracts will use XYZ market prices as the basis for settlement and will not rely on external oracles. The platform said it will add more event categories and contract types later.
ZeZheng