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Druckenmiller backs crypto derivatives platform targeting US markets

Reported · Written up by our desk · Equity Funds

Billionaire hedge fund investor Stanley Druckenmiller has invested in tradeXYZ, a trading platform partnering with Intercontinental Exchange (ICE) to introduce high-risk, crypto-style perpetual futures contracts to regulated US markets, according to a report by the Financial Times. The partnership aims to bring round-the-clock trading in leveraged derivatives linked to equities, cryptocurrencies and other assets into the US regulatory framework. Unlike traditional futures, perpetual contracts have no expiry date and allow investors to maintain leveraged positions with relatively small capital

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