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A DeFi exchange becomes the first to offer equity perpetuals powered by Nasdaq data

CoinDesk
Ostium, a decentralized exchange on Arbitrum, is now offering equity perpetuals using institutional-grade market data provided by Nasdaq.

Summary

The decentralized exchange Ostium has become the first onchain platform to integrate Nasdaq data for its equity perpetuals. Built on the Arbitrum layer-2 network, Ostium allows global traders to gain leveraged exposure to U.S. equities, commodities, and currencies using crypto wallets. While Ostium previously offered equity perpetuals, this partnership incorporates official institutional-grade data, enhancing the platform's credibility. This move reflects a broader trend of crypto traders seeking traditional assets onchain and highlights Nasdaq's increasing interest in providing infrastructure for tokenized financial markets.

(Source:CoinDesk)