Hong Kong, China - Mixin today launched USDT-margined perpetual contracts, marking a notable shift in how derivatives trading can be delivered inside a self-custodial, privacy-focused wallet. The product, described by Mixin as U-margined perpetuals, embeds leveraged derivatives execution directly into the app's messaging environment instead of isolating it in a conventional exchange-style matching engine.
Under the new offering, users can open leveraged positions of up to 200x from within the wallet. The company has combined trading execution, asset oversight, and social interaction into a single interface where users can share live positions, discuss strategies, and copy other traders inside private communities.
Streamlined onboarding and five-step trade flow
Mixin has designed the trading experience to remove traditional onboarding hurdles. Leveraging its non-custodial architecture, the platform allows access to perpetual trading without requiring identity verification. The provider presents a condensed five-step flow to open a position:
- Select trading asset
- Choose long or short
- Enter position size and leverage
- Review order details
- Confirm and open the position
The interface gives real-time visibility into prices, positions, and profit and loss, enabling execution within a single module rather than across multiple distinct screens.
Social-native execution: communities, sharing, and copy trading
Social features are integrated directly into the derivatives experience. Mixin enables private trading communities and multiple collaboration tools linked to live positions. The platform supports private encrypted groups of up to 1,024 members, end-to-end encrypted voice communication, one-click position sharing, and one-click copy trading.
At the execution layer, Mixin aggregates liquidity from a range of sources, bringing liquidity from decentralized protocols and external market venues into a unified trading interface. By combining social interaction with execution, the wallet aims to let users collaborate and act on strategies without leaving the messaging environment.
Incentives and referral model
Mixin also introduced a referral-based incentives structure tied to trading activity. Users may bind invitation codes, and the platform can share up to 60% of trading fees through this model. The design is intended to create recurring rewards and to encourage organic, user-driven network growth.
Self-custody and privacy claims
The derivatives product is built on Mixin's existing self-custodial wallet architecture. The firm highlights a separation between trading accounts and asset storage, asserting that users retain full control of assets and that the platform does not custody user funds. Mixin states it uses built-in privacy mechanisms intended to reduce data exposure, combining techniques such as MPC, CryptoNote, and end-to-end encrypted communication.
Mixin frames these architectural choices as a means to balance trading efficiency with asset security and privacy.
Positioning and regulatory framing
Mixin positions the product as an alternative approach to on-chain derivatives, one that emphasizes low barriers to entry, privacy, and social interaction. Rather than concentrating solely on execution infrastructure, the platform treats trading as a networked activity in which strategies and relationships are integrated into the financial layer.
On the regulatory front, Mixin describes its design as user-initiated and user-controlled: the platform reports that it does not custody assets or execute trades on behalf of users. In support of that stance, it cites the U.S. Securities and Exchange Commission Division of Trading and Markets staff statement dated April 13, 2026, entitled "Staff Statement Regarding Broker-Dealer Registration of Certain User Interfaces Utilized to Prepare Transactions in Crypto Asset Securities." That statement notes that non-custodial service providers offering neutral interfaces may not need to register as broker-dealers or exchanges provided transactions are fully user-initiated and user-controlled.
Product background and scale
Mixin describes itself as a decentralized, self-custodial privacy wallet that aggregates multi-chain assets, routes across trading paths, and connects to multiple liquidity sources. The company reports operating for over eight years, supporting more than 40 blockchains and over 10,000 assets, serving in excess of 10 million users globally and holding over $1 billion in self-custodied assets. Core capabilities the firm highlights include aggregation, high liquidity access, decentralization, and privacy protection.
Contact
CMO Sonny Liu
Mixin Ltd
[email protected]