Papertrade Sets 1000x Perps Launch With $85 Million Deposited
The Defiant reports that Papertrade has set a 1000x perpetuals launch with $85 million deposited, with trading scheduled for 10 a.m. ET on Oct. 10. User deposits are described as separate from a house-side pool that starts at zero and grows from traders' losses.
Why “Unverified”
- Reported by The Defiant alone, with no second source or primary confirmation yet
1 independent source group across 1 post · evidence score 52/100. How labels work
What the sources claim
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Papertrade has set a 1000x perpetuals launch with $85 million deposited.
“Papertrade Sets 1000x Perps Launch With $85 Million Deposited”
The Defiant -
Trading is scheduled for 10 a.m. ET on Oct. 10.
“Trading is scheduled for 10 a.m. ET on Oct. 10.”
The Defiant -
User deposits are separate from the house-side pool, which starts at zero and grows from traders' losses.
“User deposits are separate from the house-side pool, which starts at zero and grows from traders’ losses.”
The Defiant
Sources
More in Exchanges
Summary and claims extracted by AI with prompt analyze-story@3 on 2026-10-10 09:50 UTC. Labels are computed from the sources, not by the model.