The basics
How does an Equity Perp differ from a Stock Token?
A Stock Token gives you (1:1) spot exposure to the underlying asset, redeemable for the asset’s cash value through the issuer (Bitstamp BVI).
In contrast, an Equity Perpetual is a derivative contract with leveraged price exposure - long or short, up to 50x - to the underlying asset.
A trader may use a perpetual contract to take a directional view, hedge, or trade with leverage; whereas the same trader may use a Stock Token for straightforward exposure to the share price without margin or leverage.
Arcus offers both in one account.