Aster Launches Virtual Perpetual Contract Trading, Supporting Up to 75x Leverage

Aster, a digital asset trading platform, has launched virtual perpetual contract trading with leverage up to 75x. The new offering allows traders to speculate on price movements without owning the underlying assets. The feature is available to both retail and institutional participants, with no minimum trade sizes required.

This development comes amid a surge in stablecoin activity and liquidity in the crypto markets. Ethereum-based stablecoin transfers exceeded $8 trillion in Q4 2025, reflecting growing institutional adoption.

The introduction of 75x leverage on virtual contracts could attract higher-risk traders seeking amplified exposure to market swings. However, it also raises concerns about volatility and liquidation risks, as seen in past market stress events.

Why Did This Happen?

The launch aligns with the broader evolution of the crypto market structure in 2026. Regulatory frameworks are becoming more defined, particularly in Europe and Asia, which is influencing institutional participation and liquidity concentration.

Market participants are also responding to technological upgrades across key blockchains. For example, Solana's 2026 upgrades are expected to improve transaction finality and reduce resource usage, enhancing its attractiveness as a settlement layer.

How Did Markets React?

Crypto markets have shown mixed reactions to the news. High-stakes traders are already leveraging their positions across multiple assets, with some holding over $32 million in long perpetual contracts and generating $3.4 million in unrealized gains.

Investor sentiment remains cautious, particularly in light of recent volatility. A single day in October 2025 saw over $19 billion in leveraged positions liquidated, raising concerns about market resilience.

What Are Analysts Watching Next?

Analysts are focusing on how leverage and liquidity interact in 2026. Auros, an algorithmic trading firm, highlighted the need for deeper liquidity and tighter spreads in DeFi venues to sustain growth.

Regulatory alignment is also a key factor. The European MiCA framework, which became effective in December 2024, is now entering its operational phase. Compliance and operational improvements in trading venues will be closely monitored.

The performance of major blockchains will also play a role. Ethereum's growing share of stablecoin issuance (57% as of late 2025) could influence trading dynamics, particularly as more stablecoins flow into perpetual contract markets.

The market will also watch how institutional players adapt to new leverage opportunities. Some traders are already allocating capital across multiple chains, using liquidity to hedge positions and manage risk.