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      Papertrade Launches 1000x Perpetual Contracts with $85 Million in Deposits

      Papertrade, a decentralized finance (DeFi) platform, is set to launch its 1000x perpetual contracts trading feature on October 10, 2026, at 10 a.m. ET. The platform has reported that it has secured $85 million in user deposits ahead of this launch, indicating strong interest from traders.

      The user deposits will be managed separately from the house-side pool, which will start at zero and will increase based on the losses incurred by traders. This structure is designed to enhance the trading experience while managing risk for the platform.

      The introduction of 1000x perpetual contracts marks a significant development in the DeFi space, allowing traders to leverage their positions substantially. As the market for decentralized trading continues to evolve, Papertrade aims to attract a larger user base with this innovative offering.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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