Papertrade says volume topped Nasdaq, in talks over 1000x leverage
- —Papertrade said it contacted Nasdaq about a possible 1000x leverage feature
- —Its daily notional volume reportedly exceeded Nasdaq's
- —No decision has been made on adopting 1000x leverage
- —Notional volume includes leveraged positions, not real capital
Why it matters: Leveraged notional volume is not equivalent to real capital, so the Nasdaq comparison does not reflect actual market impact.
Source: TokenPost