Trade Global Equities, ETFs, and Commodities as Perpetuals on Gryps

Gryps now lets you trade global equities, ETFs, commodities, and pre-IPO names as USDT-margined perpetuals on the same UI and architecture that already powers our crypto perp markets. The contract format is identical but the asset list and breadth is larger.

What is live

The TradFi perpetual coverage on Gryps spans three categories.

Equities. The full mega-cap US technology and consumer set is live. Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia, and Tesla all trade as USDT-margined perpetuals on Gryps, alongside Coinbase, Robinhood, Strategy, Palantir, Intel, AMD, Qualcomm, Oracle, Disney, Uber, Cisco, Home Depot, Walmart, JPMorgan, Visa, and Berkshire Hathaway.

The roster also covers a broader set of equity exposures including Marvell, CoreWeave, Lumentum, USA Rare Earth, Fluence Energy, Rocket Lab, Cerebras, Nebius, Western Digital, Arm Holdings, Bloom Energy, Coherent, and Taiwan Semiconductor. Roughly thirty-six equity perpetuals in total as of today, with the pair format you would expect: TSLA-USDT, NVDA-USDT, AAPL-USDT, and so on across the set.

ETFs. Index exposure is available through perpetuals on the SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust tracking the Nasdaq-100 (QQQ), the iShares MSCI South Korea ETF (EWY), the Direxion Daily Semiconductor Bull 3X ETF (SOXL), and the Roundhill Memory ETF (DRAM). Putting these on the same execution rail as single names lets desks build cross-cap strategies without leaving the venue.

Commodities. The precious-metals complex is live across gold (XAU), silver (XAG), platinum (XPT), palladium (XPD), and copper. The energy complex covers WTI crude, Brent crude, and natural gas. Commodities trade twenty-four hours a day on Gryps with USDT settlement, which means the gold-versus-bitcoin basis trade, the silver-platinum spread, and the energy macro overlay all execute on the same as the crypto book.

The pair format is the standard one: ticker plus USDT. The screen for trading TSLA reads TSLA-USDT. The screen for gold reads XAU-USDT.

SpaceX, ahead of the June 12 listing (+ OpenAI)

Maybe the most exciting and anticipated IPO of the year, SpaceX is preparing to drop, and the pre-IPO perpetual on SpaceX is live on Gryps as SPCX-USDT. The contract is oracle-priced against the publicly available pricing signals on SpaceX during the window ahead of the company's scheduled public listing on June 12.

Once SpaceX begins trading on public markets, the contract transitions to the standard TradFi perpetual framework Gryps uses for listed equities, with reference pricing pulled from the live market. The position carries through the listing event rather than expiring at it.

A perpetual contract on SpaceX and other pre-IPO perpetuals like OpenAI gives Gryps users continuous USDT-margined exposure through the pre-listing window, the listing event itself, and into post-listing trading.

Why this matters

The first reason is continuous trading. Equity markets close. The Gryps perpetual on the same underlying equity does not. If Sunday-night macro news drops, your position is liquid. When after-hours earnings news moves the underlying equity ten percent, the hedge sits liquid rather than waiting for the cash market to open. Exactly the advantages of having perpetuals on equities.

The second reason is unified margin across crypto and equities. A single USDT pool now collateralizes positions across crypto, equities, ETFs, and commodities. A desk running a delta-neutral structured product no longer needs to fragment capital across a crypto venue, an equity broker, and a commodities futures account. Cross-asset positions sit in one place. Margin efficiency on portfolios that genuinely span asset classes improves meaningfully.

The third reason is the execution model itself. Gryps was built around private intent-based RFQ across multiple venues and bilateral non-custodial settlement. That architecture does not change when the underlying asset is Tesla or BTC. Size still routes privately. Quotes are still firm. Settlement is still bilateral and non-custodial.

If you came to Gryps through the crypto perp markets, the set of assets you can express a view on now includes the Mag-7 names you read about on earnings days, the SPY and QQQ indices you follow as macro proxies, and the gold, silver, copper, and oil markets that anchor the wider commodity narrative.

Some of the interesting trades become legible only when crypto and TradFi sit on the same rail. The NVDA-versus-AI-token correlation. The MSTR-versus-bitcoin beta. The gold-versus-bitcoin basis under macro stress. The crude oil overlay on a long-volatility crypto book. These are positions that desks already construct off-chain. They were difficult to construct on-chain without fragmenting capital across half a dozen venues with different settlement assumptions.

Now they are one position, on one venue, with one margin pool and one settlement contract.

How to get started

Markets are live at https://app.gryps.finance.

In the coming weeks and months we'll be refining and improving how we display new assets and asset classes.

For now, the user flow is unchanged from the crypto perp markets. Submit a private trade intent and settle bilaterally and non-custodially.

We are very excited that the set of assets that the Gryps platforms covers has grown.