Crypto platforms launch 24/7 stock markets with 100x leverage

According to Bloomberg, these new platforms let users speculate on stock price movements through derivative-style contracts available around the clock.

The instruments are speculative and illiquid, built for active traders used to the nonstop pace of crypto markets. They allow trading on stock price changes during weekends, off-hours, and outside official exchange sessions.

Unlike traditional brokers, these crypto services streamline registration and remove many restrictions. Some platforms even permit partial anonymity or minimal identity verification. This flexibility has attracted retail traders but also raised regulatory concerns.

High leverage – up to 100x – is a key draw. Users can open large positions with small deposits, amplifying potential gains but also significantly increasing the risk of liquidation.

The platforms use new trading models where contracts track price changes relative to the last closing price or most recent available quote. This lets traders take positions even when traditional stock exchanges are closed. The constant trading cycle creates an alternative pricing signal that can diverge from official market values.

Trading activity has surged around volatile U.S. stocks such as Tesla, Nvidia, and other high-profile names. Interest is also growing among international traders who lack access to U.S. brokers or face limits on margin trading.

Still, these products carry high risk. Extreme volatility, low liquidity, and limited oversight create conditions for sharp price swings and potential losses. As volumes rise, regulators are expected to pay closer attention to these 24/7 stock markets.