blockchainOct 10, 2026AI summary

Papertrade Plans 1,000x Perps Launch With $85 Million Deposited

Papertrade is scheduled to open trading at 10 a.m. ET on Oct. 10, with $85 million deposited, according to The Defiant.

Papertrade Plans 1,000x Perps Launch With $85 Million Deposited

Papertrade plans to launch perpetual futures trading with leverage of up to 1,000x at 10 a.m. ET on Oct. 10, The Defiant reported.

The platform has received $85 million in deposits ahead of the scheduled opening. Those user funds are held separately from its house-side pool.

The house-side pool will begin with no funds and increase as traders incur losses, rather than being funded by the initial user deposits.

Source: The Defiant

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