This is not a single product. Today, Paradex has established a full ecosystem with three main components: Paradex Exchange, XUSD, and Paradex Chain. Trading, borrowing–lending, asset management, and blockchain infrastructure converge in a single architecture, aiming to simplify the fragmented DeFi user experience. Built as a high-performance Layer-2 on Starknet, the platform has already processed over $50 billion in trading volume during its beta phase.

Project Concept

Modern DeFi is tiring for users. Interfaces are complex. Paradex approaches this problem with its SuperDEX concept. Its core idea:

Current DeFi issues:

• Complex user experience

• Low capital efficiency

• Scalability lagging behind CEX

SuperDEX approach:

• Single account

• All products

• Any asset as collateral

• Privacy + high liquidity

• Zero-fee perpetuals

It aims to deliver a Binance-like experience entirely on-chain.

Who is in Charge?

Paradex was incubated by industry giant Paradigm. CEO Anand Gomes (fiddybps1), a former professional player and trader, leads the team. Core staff includes CCO @noncesensicalll and growth lead @PioGerard. Notably, core contributors are excluded from the airdrop, signaling long-term focus on project success over personal gain.

Investors & Key Partners

Primary support comes from Paradigm, whose shareholders hold 13.5% of total supply, including some of the largest trading firms globally. Additional technical partnerships include:

• Starknet ecosystem

• Hyperlane (cross-chain bridge)

• Privy (social login infrastructure)

How Paradex Works

Paradex Exchange integrates three key financial layers:

1. Trading Layer: Spot, perpetual futures, perpetual options, and assets not yet listed on CEXs can be traded through a single account. Users can switch instantly between cross, isolated, and portfolio margin modes. Over 100 markets offer zero fees for retail users.

2. Decentralized Asset Management: Paradex Vaults allow investments from active trading strategies to passive index products. Depositors receive LP tokens, usable with Aave, Morpho, or Pendle in the future.

3. Borrow/Lend Layer: Planned for 2025, users can borrow without closing positions, use their entire portfolio as collateral, and earn passive income from idle assets.

XUSD – Native Synthetic Dollar

XUSD is not a classic stablecoin. It is a delta-neutral synthetic dollar producing yield via futures basis. It can be used as collateral, deposited in vaults, or added to lending pools—preventing locked capital from being “dead.”

Paradex Chain

Paradex Chain is a zk-STARK-based Layer-2 on Ethereum, built on the Starknet Stack with the Cairo programming language. It processes ~1,000 TPS with 2–3 second block finality. Privacy is the key: zk encryption hides positions, entry/exit levels, and PnL. DIME serves as the native gas token. The chain will soon open to external developers connecting directly to Paradex liquidity.

DIME Token

DIME is more than a governance token; it powers the network. Gas fees on Paradex Chain are paid in DIME. Traders enjoy fee discounts, and holders can stake, participate in liquidity mining, and vote in governance.

Token Distribution & Unlocks

• 20% Community Airdrop

• 26.6% Ongoing Community Rewards

• 5% Liquidity Programs

• 6% Foundation

• 25.1% Core Contributors

• 3.8% Future Contributors & Advisors

• 13.5% Paradigm Shareholders

Community Airdrop is XP-based, multi-season, fully unlocked, excluding core contributors.

• Team Unlocks: 80% performance-based, 20% time-based. Tokens unlock only with product progress, ensuring long-term alignment.
• Governance: Full decentralization planned, Stage 2 Rollup, open-source stack, community governance. DIME holders have voting rights.
• 2026 Roadmap: Season 2 extended to 6 months. Spot trading, options, and pre-market launches planned. Weekly Season 3 XP drops starting Feb 18, 2026. Future: AI agent-managed vaults and full multichain integration.

Why does Paradex differ from traditional DEXs?

• Zero-fee perpetuals

• ZK privacy

• Unified margin

• 250+ markets

• Tokenized vaults

• Pre-market trading

• Whale dark orders

• RFQ liquidity

DIME is not just a token—it powers the chain and connects the community. Paradex is building a multi-year financial infrastructure, not chasing short-term hype.

Official Links

• Website
• Twitter
• Telegram

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Key Features of ApeX Exchange 

• Decentralized (DEX): Your funds remain under your control (self-custody). The exchange does not hold your money.
• Permissionless & No KYC: No identity verification required. Simply connect a crypto wallet to start trading instantly.
• Low Fees: Runs on Layer-2 solutions like Arbitrum, making transaction costs very low or zero.
• High Leverage: Trade perpetual futures with leverage up to 100x.
• Vaults: Copy trading strategies from experienced traders to generate passive income.

Step-by-Step ApeX Exchange User Guide 

1. Access and Connect Wallet

Click here to open ApeX Exchange with discounts. On the homepage, select “Connect Wallet” at the top right. Choose from MetaMask, Trust Wallet, Rainbow, or other supported wallets. Approve the signature request to confirm wallet ownership. No funds are transferred at this step. Once connected, you can trade without KYC. 

Open a discounted ApeX account here to enjoy special benefits. 

2. Deposit Funds

The primary trading currency is usually USDT. Click Deposit from the top bar. Choose your cryptocurrency and correct network (Ethereum, BNB, Polygon, etc.). Transfer funds into your Perpetual Account or Trading Account to start trading. 

3. Start Trading

Go to the Trade section and select your pair (e.g., BTC/USDT). 

Order Types: 

• Limit: Executes at your chosen price. 
• Market: Executes immediately at market price. 
• Leverage: Choose 20x, 50x, or up to 100x leverage (remember, leverage increases risk). 

Position: 

• Click Buy/Long if you expect the price to rise. 
• Click Sell/Short if you expect it to fall. 
• Track your positions under the Positions tab. 

4. Explore Extra Features

• Grid Bot: Automates trading in volatile markets. 
• Vaults: Copy successful traders’ strategies for passive earnings. 
• Rewards Hub: Earn bonuses (USDT, APEX tokens, referral rewards). New users may get a 5 USDT welcome bonus. 

5. Withdraw Funds

Click Withdraw, select the token and network, enter the amount, and confirm. Double-check the network to avoid fund loss. 

Frequently Asked Questions (FAQ) 

Q: What is perpetual trading on ApeX Exchange?
A: Perpetual contracts have no expiry date, allowing traders to hold positions indefinitely and profit from both rising and falling markets. 

Q: How does leverage work?
A: Leverage lets you open larger positions with less capital. While it can multiply profits, it also magnifies losses, so it should be used with caution. 

Q: What is the funding rate?
A: The funding rate is a periodic payment between long and short traders to keep perpetual contract prices aligned with the spot market. Depending on your position, it can either add costs or provide earnings. 

Q: How can I avoid liquidation risk?
A: To reduce liquidation risk, maintain sufficient margin, use stop-loss orders, and keep leverage at manageable levels. Proper risk management is essential. 

 In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

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Bitcoin’s max pain level stands at $108,000, while Ethereum’s is at $2,600. These price levels could act as gravitational zones as contracts settle. However, any price drop may be temporary, as markets often stabilize quickly after large expiries.  

BTC and ETH Options Show Balanced Market Sentiment  

Data from Deribit reveals that Bitcoin options expiring today hold a notional value of $4.3 billion, with 36,970 contracts open. The Put/Call ratio (PCR) stands at 1.06, indicating slightly more sell positions than buy ones.  

Ethereum options set to expire are worth $712.35 million, covering 239,926 contracts. ETH also shows a Put/Call ratio of 1.11, which reflects a cautious but not overly bearish market stance.  

For context, last week’s expiry on July 4 totaled $3.6 billion, with 27,384 BTC and 237,274 ETH contracts. Today’s figures mark a significant increase in notional value for both assets. Notably, both weeks shared Put/Call ratios above 1, showing that investors remain hedged or unsure about short-term market direction.  

Leverage Spikes as Risk Appetite Grows  

Analysts at Greeks.live report a lack of consensus on direction, with traders relying heavily on news-driven setups. The platform noted extremely risky trades, including 500x leveraged positions, being opened near current price levels.  

“Traders are taking massive risks with high-confidence setups,” Greeks.live noted. These strategies may offer outsized returns but also expose investors to sudden, steep losses.  

As of this writing, Bitcoin is trading at $118,823, having set a new all-time high (ATH). Meanwhile, Ethereum stands at $3000, after a strong 7% intraday gain. Both are well above their respective max pain points.  

While a pullback toward these pain levels is possible as expiry approaches, a complete drop to $108K or $2,600 is unlikely. Still, short-term volatility could impact both retail and institutional strategies.  

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• BULLAUSDT Perpetual Contract: 2025-07-04 09:00 (UTC) – Up to 50x leverage  
• IDOLUSDT Perpetual Contract: 2025-07-04 09:15 (UTC) – Up to 50x leverage 

BULLA (BULLAUSDT) Contract Details  

• Margin Asset: USDT  
• Underlying Asset: BULLA  
• Contract Start Time: 2025-07-04 09:00 (UTC)  
• Contract Address: [Not specified, verify from official source]  
• Funding Rate: Maximum +2% / -2%  
• Funding Fee Frequency: Every 4 hours  
• Trading Hours: 24/7  
• Maximum Leverage: 50x  
• Multi-Assets Mode: Supported 

IDOL (IDOLUSDT) Contract Details  

• Margin Asset: USDT  
• Underlying Asset: IDOL  
• Contract Start Time: 2025-07-04 09:15 (UTC)  
• Contract Address: [Not specified, verify from official source]  
• Funding Rate: Maximum +2% / -2%  
• Funding Fee Frequency: Every 4 hours  
• Trading Hours: 24/7  
• Maximum Leverage: 50x  
• Multi-Assets Mode: Supported 
• Important Notes and Risk Warning  

BULLAUSDT and IDOLUSDT Contracts: These contracts will be available for trading on Binance Futures starting on 2025-07-04 at 09:00 (UTC) and 09:15 (UTC), respectively. The Binance Futures Copy Trading feature may become available for these contracts within 24 hours of listing (verify with official source as this is not explicitly stated in the announcement).  

Right to Modify: Binance reserves the right to adjust contract parameters based on market conditions. This may include funding rates, leverage ratios, tick size, or initial and maintenance margin requirements.  

Spot Listing Connection: These perpetual contracts are not directly linked to the spot trading of $BULLA and $IDOL tokens listed on Binance Alpha Market.  

Risk Warning: Leveraged trading carries high risk. These contracts, offering up to 50x leverage, can lead to significant profits but also substantial losses. Traders are advised to act according to their risk profiles, as entire margin balances may be liquidated during sharp price movements. Binance emphasizes that this information does not constitute financial or investment advice, and all trading decisions are at the user’s own risk. 

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Binance, one of the world’s largest cryptocurrency exchanges, continues its leadership in new projects by announcing the listing of Humanity Protocol (H) token and organizing a special airdrop event. 

H Token Trading and Listing Date 

Binance will list Humanity Protocol (H) token on June 25, 2025, at 2025-06-25 09:00 (UTC) on the Binance Alpha platform. On the same day, at 2025-06-25 09:30 (UTC), the HUSDT perpetual futures contract with 50x leverage will open on Binance Futures. 

Airdrop in 2 Phases: 

Phase 1 (First 18 hours): Users with over 230 Binance Alpha Points can claim $H tokens directly. 

Phase 2 (Last 6 hours): Users with 180+ points can claim via a “first-come, first-served” system until supplies run out. Claiming will deduct 15 points from users. 

How to Participate? 

You can claim the airdrop via the Alpha Events Page in the Binance mobile app. Simply type “Alpha” in the app’s search bar to access the page. In celebration of this launch, there is an exclusive token airdrop for eligible Binance users. Eligible users need to use Binance Alpha Points to claim their airdrop on the Binance Alpha Events Page between June 25, 2025, 09:00 (UTC) and June 26, 2025, 09:00 (UTC). The Binance Alpha Events Page can be accessed via the Binance App using the search function, and more information on how to claim the Alpha airdrop using Binance Alpha Points can be viewed here. 

This new initiative by Binance aims to increase new user acquisition and community engagement. The first-time listing of Humanity Protocol on Binance is also expected to boost interest in the project. 

Note: For all details about the airdrop and point system, please refer to Binance’s official announcement page. 

What is Humanity Protocol? 

Humanity Protocol is an Ethereum Layer 2-based blockchain solution that verifies identities in a decentralized, privacy-focused, and secure way using palm biometrics and zero-knowledge proofs (ZKP) technology. This provides a reliable identity verification system resistant to fake accounts. 

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SOONUSDT Contract Details

Effective May 23, 2025, Binance Futures will list the SOONUSDT contract, offering up to 50x leverage. This USDⓈ-M contract settles in USDT, supports 24/7 trading, and benefits from Multi-Assets Mode, allowing traders to use BTC and other assets as margin.

Click to Trade with 10% Discount on Binance Futures!

The SOON token is built on the SOON Stack, a high-performance SVM rollup architecture aiming to extend the Solana trading experience across platforms. With capped funding rates of +2.00% / -2.00% and funding fee settlements every four hours, the contract is designed for active, strategic trading.

Important Notes For Traders

• SOONUSDT will initially be available only on the Futures platform; spot listing is not guaranteed.
• Tick size details will be announced 15 minutes before the contract launch.
• Futures Copy Trading support will be available within 24 hours.
• Binance may adjust contract specs like funding fee or leverage depending on market conditions.

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US Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger announced that crypto perpetual futures could soon be approved in the US. In an interview with Bloomberg TV on May 22, 2025, Mersinger stated that applications for these products have been received. Responding to a question about the proposals, she indicated that the United States is progressing in the approval process. She did not provide a specific timeline but highlighted perpetual futures as part of upcoming regulatory steps. 

“It would be great to get that trading back onshore in the United States,” said Mersinger. “I think it’s unfortunate that it has been driven offshore for so long.”.

Crypto futures allow traders to speculate on a cryptocurrency’s price without an expiration date. In April 2025, the global crypto futures trading volume reached approximately $3.7 trillion. However, these transactions have not yet been approved in the U.S. Mersinger emphasized that the evolving regulatory environment could bring these products to the USA. She also noted that the CFTC, as an independent agency, will continue to function regardless of political leadership, with the regulatory framework benefiting the industry. 

Mersinger’s New Role and Crypto Policies 

Mersinger will leave the CFTC on May 30, 2025, to become CEO of the Blockchain Association, a significant move for one of the crypto industry’s leading advocacy groups. In her new role, she will continue to support the sector. Mersinger’s comments come at a time when the United States is making progress in crypto regulations. Coinbase launched 24/7 perpetual futures trading for Bitcoin and Ethereum in March 2025, under CFTC oversight. Additionally, the SEC’s delay in decisions on Bitcoin and Ethereum ETFs has created market uncertainty. However, Mersinger’s optimistic remarks are raising expectations for crypto futures. 

When crypto perpetual futures are approved in the United States, they will directly boost market liquidity. Investors will be able to conduct transactions more flexibly using these products. This development would draw the derivatives market, which accounts for 85% of global crypto trading, to the US, increasing trading volume in the country. 

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What’s the Situation with Futures and Long/Short Ratio? 

Open interest in Bitcoin futures markets hit a record high, reaching a total of $72 billion. This indicates strong participation from major investors. Notably, open interest on CME increased to $16.9 billion.  Another notable metric is the long/short ratio. According to Coinalyze data, as of May 21, 2025, this ratio is 0.85, meaning 45.84% of investors hold long positions while 54.16% hold short positions. This suggests a cautious short-term outlook, though the ratio can shift rapidly during sudden price surges. 

Where Are the Whale Wallets Moving? 

Large investors known as whales have made significant moves recently. A wallet named “bc1qc” bought 4,611 BTC in one week at an average price of $103,075, amounting to roughly $475 million. This wallet’s total holdings reached 22,223 Bitcoin, ranking it among the top 40 Bitcoin holders. Whale activity reflects strong investor confidence. Another whale opened a 40x leveraged long position worth $838 million, earning $22 million in profit. The liquidation price for this position is $100,000, indicating the investor’s confidence that prices won’t drop below this level. 

Stablecoin Volume Rising, Supported by Macroeconomics 

The combined market cap of stablecoins like USDT and USDC reached $151 billion, the highest ever recorded. Considering new capital inflows, this is a significant metric. The U.S. Dollar Index (DXY), which was around 109 in January 2025, dropped 9% to 99.60, showing investors are turning to alternative assets instead of the dollar. 

Meanwhile, 10-year U.S. Treasury yields have fallen from 4.8% to 4.52%, boosting interest in riskier assets. Market data suggests BTC could challenge the $110,000 level. Record open interest in futures and large whale purchases support this outlook. The growing stablecoin market and falling yields add further backing. 

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CVCUSDT Perpetual Contract Goes Live

Starting from May 16, 2025, at 08:30 UTC, Binance Futures will list the CVCUSDT perpetual contract with up to 75x leverage. The contract will allow traders to take leveraged positions on Civic (CVC) with USDT as collateral.

Click to Trade with 10% Discount on Binance Futures!

Civic is a decentralized identity verification platform that enables secure and cost-effective access to identity services using blockchain technology. Its utility aligns well with growing compliance demands in the crypto space.

The contract will have a funding rate settlement every four hours, with a maximum rate of +2.00% / -2.00%. This is crucial for traders calculating their cost of holding positions over time.

Furthermore, the contract will support Multi-Assets Mode, allowing users to use alternative collateral such as BTC when trading the CVCUSDT pair. This flexibility can help optimize margin efficiency and risk distribution.

No Guarantee of Spot Listing

It’s worth noting that listing a token on Binance Futures does not imply it will also be available on Binance Spot. The futures listing operates independently and should not be confused with spot trading availability.

Given the volatile nature of futures trading, investors are advised to approach with caution and proper risk management strategies.

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Trading for MEMEFIUSDT began at 07:15 UTC, followed by FISUSDT at 07:30 UTC. Both contracts are settled in USDT and are available 24/7. Binance also confirmed that these contracts will be integrated into the Futures Copy Trading program within 24 hours of launch.

Binance Continues to List New Generation Projects!

The contracts are backed by innovative projects. MemeFi, originally a tap-to-earn mini-game on Telegram, has evolved into a full-fledged ecosystem with interconnected gaming features. Meanwhile, StaFi (FIS) is recognized as the first DeFi protocol enabling liquidity for staked assets.

Click to Trade with 10% Discount on Binance Futures!

The contracts come with a capped funding rate of +2.00% / -2.00%, settled every four hours. Binance reserves the right to modify parameters such as leverage, funding rate, and margin requirements based on market risk.

Traders can also take advantage of Multi-Assets Mode, allowing them to use assets like BTC as collateral when trading these perpetual contracts.

Binance reminded users that Futures listings do not guarantee a Spot listing, underlining the importance of independent investment analysis.

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