PancakeSwap Introduces Perpetual Swaps for Apple, Tesla, and Amazon Stocks

The decentralized exchange PancakeSwap has added support for perpetual swaps on Apple, Amazon, and Tesla stocks, as announced in the platform’s blog.

Contracts for AAPL, AMZN, and TSLA track the prices of these securities on traditional markets, but their trading is limited to standard exchange sessions. Crypto and forex pairs like BTCUSD, ETHUSD, BNBUSD, EURUSD, and GBPUSD are available for trading around the clock.

PancakeSwap’s perpetual swaps allow traders to speculate on stock prices with leverage up to 25x, while maintaining full control over their assets.

In the coming months, the DEX plans to expand the list of available instruments.

The exchange introduced PancakeSwap Perpetuals in 2022. In October last year, the platform released a major upgrade featuring a revamped interface and a liquidity mechanism using the ALP pool.

The trading platform also integrated price oracles from Pyth, Binance Oracle, and Chainlink and removed the order book. PancakeSwap users gained the ability to trade directly from their wallets without transferring assets to the exchange.

For major pairs like BTC/USDT, the platform supports leverage up to 150x.

PancakeSwap Metrics

According to DeFi Llama, the exchange ranks second among the largest DEXs, with a daily trading volume exceeding $1.7 billion.

The TVL on PancakeSwap is $2.01 billion. In July, the platform’s revenue exceeded $28.6 million, with total fees amounting to $146.6 million.

The platform’s native token, CAKE, showed little reaction to the news of the new instruments, with its price rising by 0.5% over the past day, according to CoinGecko.

At the time of writing, the asset is trading at $2.6.

On December 4, PancakeSwap introduced PancakeSwap Springboard, a platform for launching meme coins on BNB Chain. On March 13, the exchange’s developers announced the launch of the fourth version of the protocol.