1inch

Union

Trader

JPMorgan

While the crypto industry has several&nbsp;<a href="https://1inch.com/" rel="noopener noreferrer nofollow">decentralized exchanges</a>&nbsp;that offer&nbsp;perpetual futures tied to assets as diverse as the&nbsp;<a href="https://www.thestreet.com/crypto/markets/mysterious-trader-opens-massive-spacex-short-ahead-of-nasdaq-debut" rel="noopener noreferrer nofollow">SpaceX</a>&nbsp;stock to&nbsp;<a href="https://www.thestreet.com/crypto/investing/oil-becomes-second-most-traded-asset-on-popular-crypto-exchange" rel="noopener noreferrer nofollow">Brent crude oil</a>, these platforms also offer futures tied to forex trades and crypto traders haven't missed the opportunity to make massive bets.
One such platform is Ostium which lets users trade leveraged perpetuals tied to stocks, commodities, and forex directly from their crypto wallets.
<a href="https://www.thestreet.com/crypto/innovation/1inch-launches-a-unified-platform-for-decentralized-finance" rel="noopener noreferrer nofollow">Related: 1inch launches a unified platform for decentralized finance</a>
On July 7,&nbsp;Ostium <a href="https://x.com/Ostium/status/2074622198804054089" rel="noopener noreferrer nofollow">revealed on X</a> that a trader has been holding a long position in a perpetual tied to the EUR/USD pair worth more than $1 million on the trading exchange for 400 days now.
<blockquote class="twitter-tweet">
 This trader has held a $1,139,490 EUR/USD long on Ostium for 400 days. Holding cost: ~2.3%/year. Trade forex with size. Predictable rollover fees, no funding rates. <a href="https://t.co/GKs7ffC0DL" rel="noopener noreferrer nofollow">pic.twitter.com/GKs7ffC0DL</a>— Ostium (@Ostium) <a href="https://x.com/Ostium/status/2074622198804054089?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 7, 2026</a>
</blockquote>
It was in June 2025 that the trader opened the long position on the euro-U.S. dollar pair in the hope that the&nbsp;official currency of 21 European Union (EU) countries, which make up the eurozone, will become stronger than the dollar.
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The&nbsp;EUR/USD pair <a href="https://finance.yahoo.com/quote/EURUSD=X/" rel="noopener noreferrer nofollow">was trading</a> around 1.14 in June last year and rose as high as 1.2 in January 2026. But the pair has again declined to the previous level and was trading at 1.14 at the time of writing.
<figure><a href="https://finance.yahoo.com/quote/EURUSD=X/" rel="noopener noreferrer nofollow"></a>
 <figcaption>
 EUR/USD, Source: Yahoo Finance
 </figcaption>
</figure>
Though the crypto trader has incurred a holding cost of approximately 2.3% per year on this position, they aren't willing to liquidate yet and hopes the euro will gain strength against the dollar in time.
For such traders, decentralized exchanges have emerged as popular avenues to take highly leveraged long or short positions on perpetuals tied to leading assets, whether U.S. stocks, gold, or forex.
<a href="https://www.thestreet.com/crypto/markets/popular-gold-holder-shuts-down-dollar-experiment" rel="noopener noreferrer nofollow">Related: Popular gold holder shuts down dollar experiment</a>

Trader keeps massive EUR/USD bet open for 400 days

TheStreet Roundtable

Other articles published on Jul 10, 2026

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