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Papertrade Schedules 1,000x Perpetual Futures Launch With $85 Million Deposited

Trading is scheduled to begin at 10 a.m. ET Saturday, while Papertrade’s house-side pool will start at zero.

Separate glass vaults show deposited funds and an empty reserve / TokenPost.ai
Separate glass vaults show deposited funds and an empty reserve / TokenPost.ai

Papertrade plans to begin trading 1,000x perpetual futures at 10 a.m. ET (14:00 UTC) Saturday after users deposited $85 million ahead of the launch.

The deposits belong to users and are separate from Papertrade’s house-side pool. That pool will start with a zero balance and increase through traders’ losses.

The planned launch places the platform’s trading start and its funding structure at the center of the rollout. The $85 million figure reflects user deposits, not the capital initially available on the house side.

Trading is scheduled to begin at 10 a.m. ET (14:00 UTC) on Oct. 10.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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