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Ondo Perps
Spot Trading volume (within 24 hours)
$125,318,191.84
About Ondo Perps

### What Is Ondo Perps? Ondo Perps is a perpetual futures exchange giving non-US traders leveraged exposure to tokenized real-world assets (RWAs) — including U.S. stocks, ETFs, and commodities — with up to 20x leverage, 24/7. Built on technology developed by Ondo Finance, the platform accepts tokenized RWAs as collateral alongside stablecoins, meaning traders who already hold tokenized equities can post them directly as margin rather than sourcing a separate pool of stablecoins. Spot holdings and perp positions are managed on the same platform, allowing traders to hedge without moving capital across multiple venues. ### Who Are the Founders of Ondo Perps? Ondo Perps is built on technology developed by Ondo Finance. Nathan Allman is the Founder and CEO of Ondo Finance. David Wells is the current CEO and Phil Wirtjes is the current Head of Strategy for Ondo Perps. ### What Assets Are Supported on Ondo Perps? Perps markets are now live for AAPL, AMD, AMZN, COIN, CRCL, GOOGL, HOOD, INTC, META, MSFT, MSTR, NFLX, NVDA, ORCL, PLTR, TSLA, gold, silver, and oil, with more to come. ### What Collateral Is Accepted on Ondo Perps? Traders can post USDC or tokenized stocks from Ondo Global Markets as collateral. ### What Leverage is Offered on Ondo Perps? Ondo Perps offers up to 20x leverage across available markets. ### Is Ondo Perps Available in the United States? No. Ondo Perps is not available to U.S. persons or residents of other prohibited jurisdictions. Visit ondoperps.xyz for the full list of restricted countries.

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What does centralized exchange mean?
A centralized exchange generally refers to a custodial asset trading place controlled and managed by a company or operating entity. Users need to deposit their assets on the platform to start trading. In traditional finance, stock exchanges such as NYSE, Nasdaq, etc. are all centralized exchanges. Binance, Coinbase, and Kraken are centralized exchanges in the crypto industry. Their operations are similar to Nasdaq, using a central order book model to match transactions and determine asset prices.
What is a Decentralized Exchange (DEX)?
A decentralized exchange (DEX) is a trading platform that does not rely on a central authority to hold users’ assets. Users can trade tokens directly through a digital wallet. Transactions are executed automatically on the blockchain via smart contracts, keeping funds under the user’s control and fully transparent. DEXs support automated market making (AMM), liquidity provision, and token swapping, allowing users to trade and earn without registration or custody, and serving as an important gateway to the decentralized finance (DeFi) ecosystem.
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