Cardano

Bitcoin

DeFi

Strike

TOLY’S DOG

<ul>
 <li>Strike Finance brings perpetual Bitcoin trading to Cardano, allowing leveraged long or short positions.</li>
 <li>Traders pay or receive periodic funding to align perpetual contract prices with Bitcoin’s spot price.</li>
</ul>
Strike Finance introduced perpetual Bitcoin trading to the <a href="https://www.ethnews.com/cardano-outlines-strategic-research-agenda-for-blockchain-development-through-2030/" rel="noopener noreferrer nofollow">Cardano network</a>. Traders can now open long or short positions with on-chain leverage. This decentralized finance protocol supports perpetual futures and options without custody requirements. Users must deposit ADA, the native cryptocurrency of Cardano, as collateral for their trades.
<blockquote class="twitter-tweet">
 We’re excited to announce BTC perps is now live on Cardano.
 You can now trade BTC with up to 20x leverage.
 Link: <img src="https://s.w.org/images/core/emoji/16.0.1/72x72/1f579.png" alt="🕹" style="height: 1em; max-height: 1em;"> <a href="https://t.co/h4GdfGyuOi" rel="noopener noreferrer nofollow">https://t.co/h4GdfGyuOi</a> <a href="https://t.co/Q2dZsTzxDc" rel="noopener noreferrer nofollow">pic.twitter.com/Q2dZsTzxDc</a>
 — Strike Finance | Perps on Cardano (@strikecardano) <a href="https://twitter.com/strikecardano/status/1971299528650391924?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 25, 2025</a>
</blockquote>

The system allows leverage of up to twenty times on Bitcoin positions. It facilitates price speculation without expiration dates, although it increases potential losses and liquidation risks. Perpetual trading involves derivative contracts that do not expire.
Participants pay or receive periodic funding to keep positions aligned with Bitcoin’s spot price. <a href="https://app.strikefinance.org/" rel="noopener noreferrer nofollow">Strike Finance</a> runs these operations on <a href="https://www.ethnews.com/cardano-tests-ai-driven-protocol-upgrade-to-boost-blockchain-performance/" rel="noopener noreferrer nofollow">Cardano</a>, enabling risk management or profit-seeking through decentralized liquidity pools.
Operations rely on a tokenized version of Bitcoin on the <a href="https://www.ethnews.com/argentina-launches-digital-lithium-tokens-on-cardano-blockchain/" rel="noopener noreferrer nofollow">Cardano blockchain</a>. This representation mirrors the price of native Bitcoin, allowing interaction within Cardano’s ecosystem without transferring assets externally. Consequently, external liquidity integrates into local DeFi protocols.
Regarding fees, the protocol charges an initial cost of 0.35% of the total position size. Each trade has a maximum exposure limit of 50,000 dollars. Meanwhile, Cardano’s DeFi sector shows modest growth. The total value locked in its protocols stands at 313 million dollars, ranking Cardano twenty-fifth globally. Ethereum, for comparison, holds 83 billion dollars in total value locked.
<img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/09/ADAUSDT_2025-09-27_12-25-09.png" alt="ADAUSDT_2025-09-27_12-25-09" width="1826" height="880">
Cardano (ADA) is trading at $0.7827, down 1.22% in the last 24 hours. On the weekly scale, the token has dropped 12%, and over the month it has lost 7.91%. However, over six months ADA has gained 18.42%, and over the past year it is still up 94.78%. Its market capitalization stands at $28.05 billion, with a daily trading volume of $757.3 million.
<img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/09/ADAUSDT_2025-09-27_12-26-20.png" alt="ADAUSDT_2025-09-27_12-26-20" width="1826" height="880">
Technically, ADA has broken below its $0.78 support, showing bearish pressure. Current resistance levels are seen at $0.78 and $0.84, and analysts warn that if ADA fails to recover above those levels, a decline toward $0.68 support could follow.
<img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/09/ADA_2025-09-27_12-27-29.png" alt="ADA_2025-09-27_12-27-29" width="1756" height="736">
Indicators show ADA trading below both its 20-day and 50-day moving averages, while remaining above the 200-day average. The RSI sits at 36.6, signaling oversold conditions that may allow for a short-term rebound.
The post <a href="https://www.ethnews.com/how-to-dominate-btc-perpetuals-on-chain-with-ada-collateral/" rel="noopener noreferrer nofollow">How to Dominate BTC Perpetuals On-Chain with ADA Collateral</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

How to Dominate BTC Perpetuals On-Chain with ADA Collateral

ETHNews

Other articles published on Sep 27, 2025

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