Cascade Launches 24/7 Neo-Brokerage for Crypto and U.S. Stock Perpetuals
Cascade has rolled out a neo-brokerage platform that enables retail traders to access crypto and U.S. stock perpetuals 24/7 using a single margin account. The service aims to simplify cross-asset derivatives trading by removing the need for separate exchange accounts and providing continuous access to perpetual markets beyond traditional equity hours.
The launch could boost capital efficiency and reduce friction for traders moving between asset classes, potentially attracting more retail liquidity into out-of-hours stock derivative markets and intensifying competition with derivatives exchanges and incumbent brokerages adding crypto products. Market participants should still consider leverage, funding-rate mechanics and risk management, and regulators may scrutinize the hybrid broker-exchange model as the lines between brokerage services and perpetual markets continue to blur.