NFT Derivatives DEX NFEX Lists CryptoPunks, Otherdeed and Nakamigos Perpetual Contracts

NFEX, a NFT derivative DEX, announced it has listed Nakamigos, Otherdeed for Otherside and CryptoPunks perpetual contracts on 7am UTC today, with up to 50X leverage. The trading pairs are NAKAMI/ETH, OTHERD/ETH and PUNKS/ETH.

NFEX aims to provide perpetual contracts for trading blue-chip NFTs. Users can use $ETH to take long or short positions on NFTs without holding them. NFEX went live on Ethereum mainnet last month. Currently, it supports multiple NFT collections including BAYC, MAYC, Azuki, Moonbirds, and others.