Ondo Perps Adds $CRCLon, $SPCXon, $SNDKon as Collateral

On August 20, according to official sources, Ondo Perps has added $CRCLon, $SPCXon, and $SNDKon as collateral, allowing traders to use Ondo Stocks tokenized equities directly as margin for perpetual contract positions without converting funds into stablecoins or selling held assets.

As the world's first platform enabling users to use tokenized stocks and ETFs directly as margin for perpetual contracts, Ondo Perps offers traders single-platform stock risk hedging, deep liquidity for stock perpetuals, tighter spreads, lower slippage, near-CEX execution speed, 24/7 trading, and up to 20x leverage. Currently, Ondo Perps' cumulative trading volume has exceeded $9 billion, with open interest surpassing $100 million.

[TechFlow]