Who it’s for / Crypto exchanges

Your users already trade perps. Why would they trade a $1 binary?

Because a bounded contract that resolves on a date reaches the cohort your perps book never converted, and it earns on days when spot volume is flat.

Perps against event contracts

Why the cohorts differ
Dimension
Perpetuals
Event contracts
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What your team will raise in the first meeting, answered.

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What fits your stack

You already have most of what a launch needs.

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Which is why crypto exchanges are usually the fastest bolt-on of the four operator types: six to eight weeks, with no ledger migration.

Where to start

Crypto-referencing markets first, then broaden.

Your traders have opinions about BTC levels, ETF flows and protocol events already. Start where the opinion exists, prove the resolution works, then open the categories your licence allows.

Note the perimeter question: contracts referencing financial underlyings attract securities and derivatives regimes in several jurisdictions, including the EU under ESMA’s July 2026 statement. Your counsel decides, not us.

Suggested first category set

Subject to your licence
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Other segments

Same venue, different operators.
Who it’s for / Crypto exchanges

Your users already trade perps. Why would they trade a $1 binary?

Because a bounded contract that resolves on a date reaches the cohort your perps book never converted, and it earns on days when spot volume is flat.

Perps against event contracts

Why the cohorts differ
Dimension
Perpetuals
Event contracts
Downside
Liquidation risk, funding drag
Capped at the stake, always
Position sizing
Leverage decisions, margin calls
One decision: how many contracts
Time horizon
Open-ended, funding accrues
Fixed resolution date
What it prices
A level, continuously
A question, discretely
Who it reaches
Experienced derivatives traders
Anyone with a view on an outcome
Quiet-market behaviour
Volume falls with volatility
Volume follows the news calendar

What your team will raise in the first meeting, answered.

Head of product

Does this cannibalise perps volume?

The overlap we see is small, because the appeal is the bounded downside. The cohort that trades event contracts most heavily is usually the one that funded an account, looked at the perps interface and never placed an order. We model the overlap against your real trader data before you commit.

CFO

What does it earn per trader compared with spot?

Revenue is transaction-based and depends on your fee schedule and category mix. We build the model with your numbers and show the workings, including the cold-start subsidy as a line item, so it is a forecast you can interrogate rather than a claim.

CTO

How much of our stack does this touch?

For a bolt-on: your KYC status, your wallet balances and your CRM. No ledger migration, no changes to your matching engine, and our widgets carry their own state. Six to eight weeks with one frontend engineer.

Compliance

Are we listing securities now?

That depends on the contract reference and your jurisdiction, and it is your counsel’s determination. What we provide is the category matrix to switch markets off per jurisdiction, the surveillance to evidence orderly markets, and a written resolution policy. We describe capability, never legality.

What fits your stack

You already have most of what a launch needs.

Have 01

Verified traders

KYC complete, funded, and already comfortable with an order book.

Have 02

A wallet and ledger

Balances and client money handling already built and reconciled.

Have 03

An order-book UI

Your users read depth and cents natively. No education needed on mechanics.

Have 04

A news-driven audience

Traders who already act on events, currently with no instrument for it.

Which is why crypto exchanges are usually the fastest bolt-on of the four operator types: six to eight weeks, with no ledger migration.

Where to start

Crypto-referencing markets first, then broaden.

Your traders have opinions about BTC levels, ETF flows and protocol events already. Start where the opinion exists, prove the resolution works, then open the categories your licence allows.

Note the perimeter question: contracts referencing financial underlyings attract securities and derivatives regimes in several jurisdictions, including the EU under ESMA’s July 2026 statement. Your counsel decides, not us.

Suggested first category set

Subject to your licence
Crypto price levels
BTC and ETH thresholds by date
High demand
ETF and flow events
Approvals, listings, net flows
High demand
Protocol events
Upgrades, unlocks, listings
Native fit
Macro
Rates, CPI, employment prints
Broadens book
Politics and sport
Only where your licence permits
Check counsel

Sandbox credentials are available before contract.

Book the walkthrough and a solutions engineer takes your integration lead through the engine, the resolution policy and the commitment terms. One business day to reply.