New Move in the Hyperliquid Ecosystem: trade.xyz Launches Tokenized Netflix Stock with 10x Leverage Trading

[BlockBeats] There’s a new way to play in the Hyperliquid ecosystem. The on-chain perpetual contract platform trade.xyz has recently launched something pretty novel—direct tokenized stock trading for Netflix.

In simple terms, it maps traditional stocks onto the blockchain, allowing users to trade these stock tokens with cryptocurrency. What’s even more exciting is that it supports up to 10x leverage. The boundaries between traditional finance and DeFi feel even blurrier now.

This tokenized stock model is essentially an attempt to bring traditional assets onto the blockchain for trading. For users accustomed to on-chain operations, it does lower the barrier to entry. However, with high-risk configurations like 10x leverage, it’s important to proceed with caution.