Carbon has unveiled a groundbreaking on-chain derivatives platform that merges more than 950 markets into one tradable account, spanning traditional finance (TradFi), cryptocurrency perpetuals, and real-world assets (RWAs). Traders can now access a diverse offering of 250+ TradFi markets alongside 530+ crypto perpetuals and 150 continuously available RWAs without leaving self-custody of their funds.
The platform’s unique model hedges every on-chain position 1:1 with regulated off-chain brokers, ensuring that trading prices and liquidity reflect the deep pools found on Wall Street and other major financial venues. This direct hedging eliminates dependency on on-chain order book construction and the liquidity challenges commonly faced by blockchain-based trading platforms.
Carbon’s offering covers a wide array of asset classes, including over 200 stocks from US, European, and Asian markets, 62 forex pairs, 12 stock indices, and 8 commodities. Its TradFi markets operate within traditional market hours with predictable carry costs, while the 24/7 RWAs provide round-the-clock trading for investors seeking uninterrupted access. Approximately 30 instruments are available both as TradFi and 24/7 assets, enabling users to hold positions against each other to arbitrage financing rate differences within the same account.
The platform taps into a substantial global market, where CFDs in traditional finance see daily volumes exceeding $1.5 trillion. Carbon’s architecture allows it to rapidly introduce new trending assets, matching market moves in hubs like Seoul, Tokyo, or Hong Kong within a week—far outpacing conventional decentralized order-book venues that lack such off-chain infrastructure.
Alongside expanding its market listings, Carbon launched the Carbon Liquidity Provider (CLP) vault for public deposits. This delta-neutral yield vehicle funds the hedging positions that support trader flows, generating returns based on the gap between on-chain demand and the off-chain liquidity supply. Illustrative annual percentage yields (APYs) range broadly from about 20% at initial utilization up to 57% at full maturity, depending on flow dynamics and capital use.
This integration of TradFi and crypto markets into a single, self-custodied account aims to remove longstanding barriers for traders, blending execution quality with asset choice. Carbon’s new venue offers institutional-grade liquidity and stable holding costs, addressing critical limitations of earlier on-chain derivatives products.