Carbon's platform covers 200 stocks, 62 forex pairs, 12 indices, and 8 commodities alongside 530+ crypto perpetuals. Every position hedged 1:1 at regulated brokers. Self-custody, single account. CLP vault offers 20-57% APY.
Carbon went live with a derivatives platform Monday covering more than 950 markets – crypto perpetuals, real-world assets, and traditional finance instruments – all accessible through a single self-custody account.
The venue combines Carbon's existing 530-plus crypto perpetuals, 150 RWA markets trading around the clock, and more than 250 TradFi markets including 200 stocks from the US, EU, and Asia, 62 forex pairs, 12 indices, and 8 commodities. Every position gets hedged 1:1 at regulated TradFi brokers off-chain, a structure Carbon uses to solve the liquidity cold-start problem that has plagued earlier on-chain RWA experiments.
The underlying markets Carbon connects to clear over $1.5 trillion daily, CEO Levy said. That liquidity pool sits behind every trade from day one – not a bootstrapped order book hoping for more deposits. Traders keep self-custody throughout. Pricing and depth come directly from the underlying market feeds, not from a black-box oracle.
"You shouldn't have to choose between wide market selection and getting filled at decent prices," Levy said. Carbon is based in the British Virgin Islands and runs on Arbitrum.
David Garcia from the Arbitrum Foundation pointed to how the platform bridges on-chain trading with established financial infrastructure while keeping self-custody intact, he said in a statement.
Carbon also launched the Carbon Liquidity Provider vault alongside the trading platform. The CLP vault is a delta-neutral yield product that funds the off-chain hedges backing trader positions. Liquidity providers earn yield in return. The illustrative APY range Carbon put out is 20.3% to 57.1%, depending on utilization and on-chain demand for hedging. More on-chain demand pushes yields higher as the vault works harder.
The vault monetizes the spread between on-chain demand and off-chain liquidity – a different kind of bet than directional crypto exposure, and one that has drawn more attention recently as traders look for yield detached from spot price moves.
Carbon says it can list trending names from markets in Seoul, Tokyo, and Hong Kong within the same week they start gaining traction. Traditional order-book venues cannot move that fast – standing up a new market takes time, capital, and market-maker relationships. Carbon's hedged model sidesteps most of that. An additional 150 listings are already planned beyond the current lineup, though no timeline or specific markets have been confirmed.
The single-account structure lets traders capture differences in financing rates between 24/7 RWA markets and TradFi markets without switching platforms or moving funds – an arbitrage opportunity Carbon said did not exist on-chain before.
Carbon has been operating since 2023 and has processed over $20 billion in trading volume across more than 36,000 traders on Arbitrum.
BAC carries an Alpha Score of 66/100, the highest among the stocks Carbon lists from TradFi. ORCL scores 44/100.
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