Variational

Perpetual Protocol

This company develops a decentralized exchange for trading perpetual futures contracts and derivatives with leverage for individual and institutional cryptocurrency traders.

Vertex

This company develops a decentralised exchange for spot and derivatives trading, serving retail and institutional cryptocurrency traders.

Derivatives Trading Platform

This firm provides a decentralised on-chain platform that enables institutional and retail users to trade cryptocurrency options and other digital derivatives.

DerivaDEX

This company provides a decentralized exchange for cryptocurrency derivative contracts and perpetual swaps, serving retail and institutional traders.

Hyperliquid

This company develops a decentralised exchange for trading perpetual futures and spot assets on a custom blockchain for cryptocurrency traders.

Paradex

This company provides a decentralised exchange for perpetual futures and options trading to retail and institutional crypto investors.

Vega Protocol

This company develops a decentralised protocol and infrastructure for the permissionless creation and trading of financial derivatives by individual and institutional traders.

Perpl

This company develops a decentralised exchange for trading perpetual futures on the Monad blockchain for cryptocurrency traders.