Web3
Papertrade.xyz Draws $118 Million While Offering 1,000x Leverage
TokenPost·October 10, 2026·1 min read
Papertrade.xyz reported $11 billion in open positions backed by only $54 million in capital as of 11:45 a.m. ET on Oct. 10, drawing $118 million while offering 1,000x leverage. The platform's extreme leverage amplifies risk, as a small adverse move could wipe out the entire capital backing positions.
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