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You can now trade Hong Kong equities as perpetual futures from a crypto wallet, with Aster DEX listing four Hong Kong stocks as perpetual contracts accessible directly through Trust Wallet.
The four stocks available for perpetual trading are Tencent, Xiaomi, Minimax, and Pop Mart. Each contract offers up to 3x leverage.
Trust Wallet has integrated Aster-backed perpetual futures directly into its app. Users can trade from self-custody, meaning they retain control of their private keys while accessing instruments that resemble those found on centralized exchanges or traditional trading platforms.
The integration is not limited to Hong Kong equities. Trust Wallet supports more than 100 perpetual futures markets through Aster DEX, with leverage reaching up to 100x on crypto pairs. Separately, it also offers up to 50x leverage through Hyperliquid, another decentralized perpetuals platform.
Aster DEX’s perpetual futures trading volume reportedly surged from $3.26 billion to $25.77 billion over a matter of days.
The selected equities are deliberately recognizable: Tencent, Xiaomi, Pop Mart, and Minimax. Minimax is described as an AI startup, adding exposure to the artificial intelligence theme alongside the more established consumer and tech brands.
The key change is the ability to trade equity-linked perpetuals from a self-custody wallet, removing intermediaries such as brokers and KYC-gated exchanges, and avoiding traditional market hours.
Equity-linked perpetuals on decentralized platforms are synthetic instruments. Rather than buying shares of Tencent, for example, traders trade a contract designed to track the stock’s price. The accuracy of that tracking depends on factors including oracle feeds, liquidity depth, and funding rate mechanics.
Coinbase has launched a High Yield USDC vault within its in-app DeFi lending offering, adding a second lending option that provides exposure to a wider range of collateral assets. The product is powered by Morpho infrastructure and uses vault allocations curated by Steakhouse Financial.
