What is 10X and how is it different from Robinhood or Coinbase?
10X is a self-custodial perpetual futures trading platform built on Hyperliquid L1. Trade 150+ assets including crypto, stocks, and commodities with up to 50x leverage. Unlike Robinhood or Coinbase, 10X requires no KYC, you control your own keys, and you can go long or short on any asset. Your private keys stay in your browser and every trade settles on-chain with sub-second execution.
What are perpetual futures (perps)?
Perpetual futures are derivative contracts that let you speculate on asset prices without an expiration date. They use a funding rate mechanism to keep prices aligned with spot markets, enabling continuous 24/7 trading. You can go long (profit when prices rise) or short (profit when prices fall), and use leverage to amplify your position. For example, with 10x leverage, a $100 deposit controls a $1,000 position.
How does leverage work on 10X?
10X offers up to 50x leverage on major assets like Bitcoin and Ethereum. Leverage amplifies both gains and losses. With 50x leverage, a 2% price move results in a 100% gain or loss on your margin. You choose your leverage for each trade individually. Positions are automatically liquidated if margin drops below maintenance, so you can never lose more than your deposit.
How does 10X compare to dYdX, GMX, and other perps DEXs?
10X is built on Hyperliquid L1, which processes $5B+ in daily volume with sub-second execution. It offers 150+ assets (including stocks and commodities), up to 50x leverage, and 0.14% fees. The key advantage is Hyperliquid's fully on-chain order book with CEX-grade performance, combined with 10X's clean interface designed for serious traders.
What assets can I trade?
150+ perpetual futures: cryptocurrencies (BTC, ETH, SOL, DOGE, XRP, LINK, AVAX, SUI, and 100+ more), US stocks (AAPL, TSLA, NVDA, GOOGL, META, AMZN, MSFT), and commodities (Gold, Silver). All settled in USDC on Hyperliquid L1. New assets added regularly.
Do I need KYC or a bank account?
No. 10X requires no KYC, no identity verification, and no bank account. Connect your wallet, deposit USDC, and start trading. The entire process takes less than 60 seconds.
Is it safe? What does self-custodial mean?
Self-custodial means you always control your private keys and funds. Unlike centralized exchanges like Coinbase or Binance, your assets are never held by a third party. Every order is signed client-side and settles on Hyperliquid L1. You can never lose more than you deposit.
What are the fees?
0.14% per trade as a taker fee, among the lowest in both DeFi and centralized exchanges. No deposit fees, no withdrawal fees, no account maintenance fees, no hidden charges. Consistent across all 150+ trading pairs.
Can I short sell crypto and stocks?
Yes. Go short on any of the 150+ assets. Short selling lets you profit when prices decline. Combined with up to 50x leverage, this gives you trading strategies that Robinhood, Coinbase, and most traditional brokerages don't offer.
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