The decentralized platform PancakeSwap has expanded its trading lineup by launching perpetual swaps based on Apple (AAPL), Tesla (TSLA), and Amazon (AMZN). The new functionality will allow traders to speculate on the price movements of these assets with up to 25x leverage, while maintaining full control over their funds.
Unlike traditional markets, where stock trading is limited to standard sessions, PancakeSwap's new derivatives provide access to operations at any time. Previously, similar 24/7 capabilities were implemented for popular pairs such as BTCUSD, ETHUSD, BNBUSD, EURUSD, and GBPUSD.
The development of perpetual swaps was made possible by the integration of price oracles from Pyth, Binance Oracle, and Chainlink. The abandonment of the traditional order book allowed traders to make trades directly from their own crypto wallets, without the need to transfer funds to the exchange.
The PancakeSwap Perpetuals project was first introduced in 2022, and in October 2024, the exchange carried out a major update - the interface was updated and a liquidity mechanism based on the ALP pool appeared.
According to the PancakeSwap team, the list of tradable perpetual contracts is planned to be expanded in the coming months. For example, for the BTC/USDT pair, the platform already offers leverage of up to 150x - one of the highest values among decentralized solutions.
According to DeFi Llama, PancakeSwap is the second-largest DEX by daily trading volume, which exceeds $1.7 billion. The total value of funds locked (TVL) on the platform is $2.01 billion. In July 2025, the exchange earned $28.6 million, and the total volume of fees reached $146.6 million.
The native CAKE token reacted weakly to the news about the new instruments: its price increased by only 0.5% in 24 hours and at the time of publication is $2.6, according to CoinGecko.
Earlier, on December 4, 2024, PancakeSwap introduced the Springboard platform for issuing meme tokens on the BNB Chain network. And on March 13, the developers announced the fourth version of the protocol with a number of architectural improvements.