Introduction

World Market is an on-chain perpetual decentralized exchange where you can trade crypto, commodities, forex, stocks, or bonds with leverage using any on-chain asset.

Global markets have long been a key application for blockchain technology. Centralized exchanges (CEXs) gained popularity in the early 2010s by offering spot trading and easy access to global cryptocurrency markets. In 2014, BitMEX introduced Perpetual Futures, transforming the trading landscape. This innovation was quickly adopted by other CEXs and fueled market expansion over next few years. By 2020, DeFi gained momentum with perpetual futures decentralized exchanges (DEXs) offering trustless and permissionless trading. While these markets since then have evolved, they are still primarily focused on cryptocurrency assets with a limited expansion into real-world assets (RWAs), such as gold, silver, and very limited number of forex pairs.

In contrast, traditional non-blockchain markets, such as Contract For Differences (CFDs), offer access to over 18,000 assets, processing billions in daily trading volume. They also integrate blockchain-based assets faster than DeFi markets can onboard new blockchain assets. However, CFDs often have wider spreads and higher costs, leaving users at the mercy of brokers. Several emerging asset classes, such as precious metals, yield, prediction, time-based assets, and real estate, are being developed for on-chain perpetual futures. These assets, however, are often illiquid, posing a challenge in DeFi markets, just like every other emerging asset class.

With World Market, we aim to bridge this gap by offering CeFi-level liquidity and TradFi market offerings on-chain. B3X has been working on building a derivatives marketplace designed to integrate any asset class including traditional assets and emerging DeFi assets with deep liquidity, familiar features, and seamless UX. By doing so, B3X enables DeFi to compete directly with TradFi and CeFi, providing a truly decentralized, efficient, and scalable trading platform for the world.