THENA launches Perps V2 with 500+ markets and 150x leverage
THENA has launched Perps V2, a rebuilt perpetuals platform that it says now feels "fast enough to feel like a CEX" while staying self-custodial. Matching, position management, and settlement run on dedicated Orbs L3 infrastructure inside a Trusted Execution Environment, so trading no longer waits on an EVM transaction per action.
- 500+ markets at launch, including crypto plus tokenized equities such as OpenAI and SpaceX
- Max leverage up to 150x, set per market, with market and limit orders, SL/TP brackets, and partial closes
- Multi-venue hedging model: Binance is live today, with Hyperliquid planned next
- Self-custody preserved: session keys can trade but cannot withdraw; withdrawals still need a wallet signature
- Users with open V1 positions must close them, withdraw, and migrate to the new platform
More assets and venues are promised in the coming weeks as the hedging network expands beyond Binance.
Sources
- 8/8 We’ve wanted THENA Perps to feel this good for a long time. Fast enough to feel like a CEX, deep enough to trade with size, and still self-custodial. If you have positions open in V1, you’ll need to close your existing ones, withdraw, and migrate to the new platform. You Replying to their earlier post: 7/8 You’re going to see a lot more assets rolling out over the coming weeks and months. More crypto. More RWAs. More everything. And as the underlying venue network expands from Binance to Hyperliqui…x.com ↗
- 6/8 We’re starting with 500+ markets, including a huge crypto lineup as well as tokenized equities like OpenAI and SpaceX. The part we’re most excited about is what this opens up from here. This is just the starting point. Replying to their earlier post: 5/8 And you still of course keep custody. Matching and settlement run inside a Trusted Execution Environment. Your trading session key can place and manage trades, but it can’t withdraw your funds.…x.com ↗
- 7/8 You’re going to see a lot more assets rolling out over the coming weeks and months. More crypto. More RWAs. More everything. And as the underlying venue network expands from Binance to Hyperliquid and beyond, the number of markets we can support expands with it. Replying to their earlier post: 6/8 We’re starting with 500+ markets, including a huge crypto lineup as well as tokenized equities like OpenAI and SpaceX. The part we’re most excited about is what this opens up from here. This is…x.com ↗
- 5/8 And you still of course keep custody. Matching and settlement run inside a Trusted Execution Environment. Your trading session key can place and manage trades, but it can’t withdraw your funds. Withdrawals still require a signature from your wallet. Replying to their earlier post: 4/8 The trading experience is much more complete too. Market and limit orders, SL/TP brackets, partial closes and leverage set per market. Max leverage now reaches 150x, and many assets support mate…x.com ↗
- 4/8 The trading experience is much more complete too. Market and limit orders, SL/TP brackets, partial closes and leverage set per market. Max leverage now reaches 150x, and many assets support materially higher leverage than before. You get much more control over the entire Replying to their earlier post: 3/8 You can actually trade with size. V2 uses a multi-venue hedging model, with Binance live today and Hyperliquid planned next. More venues will be added over time. That gives us access to a much d…x.com ↗
- 3/8 You can actually trade with size. V2 uses a multi-venue hedging model, with Binance live today and Hyperliquid planned next. More venues will be added over time. That gives us access to a much deeper liquidity base instead of having to build an isolated market for every Replying to their earlier post: 2/8 The first thing you notice is the speed. Matching, position management and settlement now happen on dedicated Orbs L3 infrastructure, so you’re not waiting for an EVM transaction every time you d…x.com ↗
- 2/8 The first thing you notice is the speed. Matching, position management and settlement now happen on dedicated Orbs L3 infrastructure, so you’re not waiting for an EVM transaction every time you do something. Open a position, adjust it, close it. It feels much closer to Replying to their earlier post: 1/8 THENA Perps V2 is here. https://t.co/ABUFnwmi8L is now lightning fast, there’s enough liquidity to trade with real size, max leverage goes up to 150x, and we’re starting with 500+ markets. Power…x.com ↗
- 1/8 THENA Perps V2 is here. https://t.co/ABUFnwmi8L is now lightning fast, there’s enough liquidity to trade with real size, max leverage goes up to 150x, and we’re starting with 500+ markets. Powered by @orbs_network Ultra. Here’s what you need to know 🧵 https://t.co/OjGN9qjH9Fx.com ↗
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