Justin Sun Launches SunPerp, a New Decentralized Crypto Derivatives Exchange
Tron founder Justin Sun has launched a new decentralized perpetual contracts exchange, SunPerp. The platform, named after the mythological character 'Sun', is now in public beta, offering crypto derivatives without expiration dates.
SunPerp aims to differentiate itself by subsidizing users' transaction fees and hiding order books through 'dark pools'. This strategy aims to enhance user privacy and reduce trading costs.
The exchange is initially compatible with the Tron ecosystem, with plans to integrate with Ethereum, BNB Smart Chain, Arbitrum, and others like Ethereum and Solana in the future. SunPerp also plans to offer the USDT stablecoin.
Justin Sun, despite facing SEC charges in the past, has now seen those securities fraud and market manipulation charges withdrawn. Sun is also a major backer of World Liberty Financial, the Trump family's DeFi project.
SunPerp joins the competitive DeFi space, with rivals including Hyperliquid and Aster.
SunPerp, with its unique features and ambitious expansion plans, is set to make waves in the decentralized finance sector. The platform's public beta phase is currently underway, offering users a chance to explore its services.
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