TradiFi and crypto perpetuals are both perpetual futures traded on the Axi trading platform or MT5, but they differ in underlying asset, leverage structure, and trading schedule.
Feature | Crypto perpetuals | TradiFi perpetuals |
Underlying asset | Cryptocurrencies (e.g., BTC, ETH, SOL) | Non-crypto assets: commodities, equities (including ETFs), and pre-IPO assets |
Settlement currency | USD, or the client's fiat account base currency, where applicable | USD, or the client's fiat account base currency, where applicable |
Leverage | Varies by instrument — up to 125x (e.g., BTC, ETH), with lower maximums for other instruments (e.g., 5x–75x) | Varies by instrument - 200x for commodities; 25x for equities, ETFs, and pre-IPO instruments |
Trading hours | 24/7, New York (EST): Sunday 17:01–Sunday 16:59. | 24/7, New York (EST): Sunday 17:01–Sunday 16:59. |
Ownership of underlying | No — perpetual futures provide synthetic exposure to the price of the underlying asset. You do not own or receive the underlying asset itself. | No — perpetual futures provide synthetic exposure to the price of the underlying asset. You do not own or receive the underlying asset itself. |
Leverage and trading hours vary by instrument and are subject to change — always check the instrument's details in the platform or the Product Schedule before trading.
