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At a glance
- What changed
- Ondo Perps listed perpetual futures that track Xiaomi, Tencent and GigaDevice Semiconductor shares.
- Who it affects
- Eligible Ondo Perps traders outside the restricted regions.
- When
- Announced as live on 12 November 2026 at 23:25 UTC.
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What Ondo Perps listed
Ondo Perps has added three Chinese technology companies to its stock perpetuals. In a post on its official X account late on 12 November 2026, the venue said markets on Xiaomi, Tencent and GigaDevice Semiconductor are now live, and that traders can go long or short with leverage around the clock.
The tickers are XIAOMI for the smartphone and electronics maker, TENCENT for the company behind WeChat and a large games business, and GIGADEV for chip designer GigaDevice. Ondo Perps summed it up as one company making the devices, one running the platforms and one designing the chips.
How the markets work
An equity perp is a perpetual futures contract that follows a share price. You do not own any Xiaomi, Tencent or GigaDevice shares; you hold a leveraged long or short position with no expiry date.
According to Ondo Perps' markets documentation, its perpetual markets settle in US dollars and normally trade 24 hours a day, seven days a week, even when the underlying stock market is closed. Markets can pause for corporate actions or other trading restrictions. The default maximum position is $1,000,000 per market and per account.
The new listings sit next to two Chinese names that were already on the platform: the markets table shows Alibaba (BABA) and ChangXin Memory Technologies (CXMT), each with up to 10x leverage.
What the post leaves out, and who can trade
The announcement did not give the maximum leverage, fees or funding settings for XIAOMI, TENCENT or GIGADEV, and the three markets had not yet been added to the documentation table when we checked. The Ondo Perps app describes its stock perps as tradable with up to 20x leverage, but that is a platform-wide ceiling, not a figure for these markets. Check each market in the app before opening a position.
In a reply under the announcement, Ondo Perps attached its standard disclaimer. It says the platform is not open to people located in or operating from the United States, the European Union, the United Kingdom, Canada or Panama, or to anyone subject to sanctions, and that holders of perpetual futures can lose their whole purchase price.
Our take
Hong Kong and mainland Chinese tech shares are hard for many crypto traders to reach, and a 24/7 perp is one of the easier routes. The catch is the weekend and overnight trading: when the home exchange is shut, the price on Ondo Perps can drift away from where the stock reopens. Because the platform excludes EU and UK residents, most European readers cannot use these markets anyway. Ondo Perps works with a self-custody wallet, and Phantom is in the box below.
PhantomPartner offer
10% of trading fees back for 3 months
Phantom referral code: findcodes. Sign up with this code to get 10% of trading fees back for 3 months.
Affiliate link. We may earn a commission, at no extra cost to you.
Conditions
New users who sign up in the Phantom mobile app with this code get 10% of their own eligible trading fees back for three months from signup. Codes apply only at mobile-app signup and cannot be added later. Rebates are paid in CASH to the Phantom Cash balance after a $1 minimum; ID verification may be required. Perps and prediction markets are not available in every region; program terms apply and Phantom may change rates or end the program. Perps are unavailable in the US, UK and US-sanctioned jurisdictions; prediction markets are unavailable in the US, UK, Germany and sanctioned jurisdictions. Program eligibility depends on jurisdiction under the referral terms.
The code and partner link have no expiry. Campaign dates, benefits and eligibility are separate and may change. Check the provider’s current terms before signing up.
