🌎Markets
Marks offers stablecoin FX markets that represent how USDT trades in each country. Each market reflects the price of 1 USDT in that country’s local currency, traded 24/7.
On Marks, traders can long or short the value of 1 USDT in each market, with up to 50× leverage.
Below are key characteristics of all markets on Marks:
Quoted in local currency: Each market reflects the price of 1 USDT in that country’s local currency.
No expiry: All markets are perpetual contracts with no expiry.
24/7 trading: Markets trade continuously, with real-time execution.
Leverage: Traders can access leverage up to 50× (limits vary by market).
USDT settlement: All margin, PnL and settlement occur in USDT.
Market-specific risk limits: Each market has its own leverage and open interest limits to manage risk.
Funding & borrowing fees: All markets apply funding and borrowing fees to incentivize balance in the markets. You can find our more here
Natively onchain: All markets run entirely on-chain with no reliance on local banks or FX rails
Below is the full list of live and upcoming stablecoin FX markets on Marks:
USDT / ARS
🇦🇷 Argentine Peso
Live
20x
USDT / NGN
🇳🇬 Nigerian Naira
Live
20x
USDT / INR
🇮🇳 Indian Rupee
Coming Soon
TBD
USDT / COP
🇨🇴 Colombian Peso
Coming Soon
TBD
USDT / PKR
🇵🇰 Pakistani Rupee
Coming Soon
TBD
USDT / BOB
🇧🇴 Bolivian Boliviano
Coming Soon
TBD
USDT / KES
🇰🇪 Kenyan Shilling
Coming Soon
TBD
USDT / EGP
🇪🇬 Egyptian Pound
Coming Soon
TBD
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