> For the complete documentation index, see [llms.txt](https://docs.bbx.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bbx.com/business/on-chain-perpetual-trading.md). # On-chain Perpetual Trading For users pursuing high capital efficiency and dual-direction gaming, BBX offers a decentralized derivatives trading protocol based on a full-chain order book DEX, supporting both real-world assets and crypto perp trading. Without needing to hold the physical securities, users can utilize stablecoin-settled derivative contracts to flexibly acquire price exposure to global core assets, seizing market volatility opportunities at any moment. The core BBX matching engine is built on a high-performance, Hyperliquid-like full-chain order book architecture, which, while supporting up to 20x leverage, provides deep market quotes and highly precise anti-manipulation pricing. Furthermore, the system supports 7/24 all-weather operation, using second-level instant settlement to thoroughly break the opening time constraints of traditional derivative markets, thereby maximizing capital efficiency. We have built a diversified RWA derivatives ecosystem for you, covering U.S. stocks, global stock indices, commodities, and high-volatility ETFs. The currently supported assets are as follows: * Mainstream U.S. Stocks: TSLA, AAPL, MSFT, AMZN, NVDA, AMD, GOOGL, PLTR, CRC, MSTR, HOOD, META, MU, TSM, INT, COIN, LITE * Global Indices: JP225, SPX500, TW88, US30, HK50, AUS200, GER40, US2000 * Commodities: SILVER, WTIOIL, GOLD * ETFs: QQQ, TQQQ, SQQQ, SPY, EWJ, EWY, EWT, KWEB, SOXL In addition to stocks, BBX also supports contract trading for mainstream crypto assets, with trading mechanisms and fee rates remaining consistent. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.bbx.com/business/on-chain-perpetual-trading.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.