News

The Pre-IPO Perpetual (IPOP) Market for SpaceX is now live. https://t.co/4pUw3pbzKv

PURRDAT is now live. 10x leverage, 24/7, 365. https://t.co/DRej0fSsZF

CBRS has transitioned from an IPOP market and is now live with external pricing. 10x leverage, 24/7, 365. https://t.co/wvbaY3uE0l

Cerebras Systems, Inc. (CBRS) is expected to IPO tomorrow, May 14, 2026. Shortly after Nasdaq's IPO Cross executes and CBRS opens for continuous trading, Trade[XYZ]'s CBRS will transition to a standard equity perpetual with external pricing.

EBAY is now live. 10x leverage, 24/7, 365. https://t.co/7TxIhDrpIw

ZM is now live. 10x leverage, 24/7, 365. https://t.co/zMvITvhWHI

EWZ is now live. 20x leverage, 24/7, 365. https://t.co/SJtexwRPqT

BX is now live. 10x leverage, 24/7, 365. https://t.co/fDiOniF9Gz

RKLB is now live. 10x leverage, 24/7, 365. https://t.co/e4zwRhFFm7

MRVL is now live. 10x leverage, 24/7, 365. https://t.co/wWTcJzLYvd

DRAM is now live. 20x leverage, 24/7, 365. https://t.co/4671GVIP0h

XLE is now live. 20x leverage, 24/7, 365. https://t.co/FZMC1cUOP6

LITE is now live. 10x leverage, 24/7, 365. https://t.co/LwdtWZpdny

GME is now live. 10x leverage, 24/7, 365. https://t.co/uud38elRgj

The OI cap for CBRS has been increased to $10M. For additional market details, including the estimated fully diluted share count, see the CBRS specification index here: https://docs.trade.xyz/consolidated-resources/specification-index-ipops

Perpetual Renaissance

Introducing Pre-IPO Perpetuals (IPOP). The weeks before an IPO are some of the most consequential in a company’s price history, and historically, the least observable. Private market quotes are stale and gated and Public markets haven’t started trading yet. Peak interest coinci…

The Internal Pricing mechanism will be updated to use an EMA time constant of 30 minutes. This change will go into effect today at 4PM ET and will apply to all XYZ markets. One can expect the oracle to be more responsive, and for the funding to normalize more quickly during int…

Cross margin has been enabled for Brentoil.

BIRD is now live. 10x leverage, 24/7, 365. https://t.co/TkxjF3JcGi

KR200 is now live. 20x leverage, 24/7, 365. https://t.co/VJ9TdcW74c

JP225 is now live. 20x leverage, 24/7, 365. https://t.co/vH4tT3H2Dg

Cross margin will be enabled for S&P 500 today at 12pm EST.

The Discovery Bounds page is now live: https://app.trade.xyz/discovery-bounds During weekend trading, XYZ markets operate within discovery bounds anchored to the last external price. The page provides real-time visibility into each market’s session state (internal vs. external)…

DraftKings (DKNG), Hims & Hers Health (HIMS), Costco (COST), and Eli Lilly (LLY) are now live with 10x leverage 24/7, 365.

Trade[XYZ]'s TG announcement channel is now live: https://t.me/tradexyz_announcements Note: All other telegram channels are a scam and NOT affiliated with trade[XYZ].

@tradexyz reached new all time highs across the board: - Cumulative trading volume: $110B - Open Interest: $1.6B - 24hr peak volume: $5.6B - Daily unique traders (24hr peak): 45.3k - Weekend trading peak volume: $1.09B - XYZ share of Hypercore volume (24hr peak): 44.4% https://t…

Discovery Bounds have been updated for SP500, XYZ100, GOLD, SILVER, NVDA, and AAPL, in addition to WTIOIL (CL) and BRENTOIL. For more details, refer to our documentation here: https://docs.trade.xyz/perp-mechanics/discovery-bounds

Display names and keywords for XYZ markets have been updated to improve discoverability and consistency. For example, CL now appears as WTIOIL, while remaining searchable via CL. These changes are only relevant to frontend displays, markets are unaffected.

We are Unit Labs, the team behind @unitxyz and @tradexyz. We’re looking for elite talent to scale the team, starting with senior SWEs, devops, and quant researchers. You’ll join a small team building the asset layer on Hyperliquid. Since launch, our deployments have facilitated…