ForexMedium Volatility

Trade Synthetic GBP/USD

Cable. Older than most exchanges, and livelier than EUR/USD.

Trading Hours

24/7

Collateral

cUSDC

Holding cost

No funding rate

Chain

Solana

About British Pound / US Dollar

GBP/USD has been called Cable since quotes travelled between London and New York down a transatlantic telegraph line. It moves more than EUR/USD, largely because the UK is a smaller economy with a more reactive central bank, so Bank of England meetings and inflation prints show up hard in the price.

How to trade GBP/USD here

1

Mint L/S Tokens

Deposit stablecoins to receive paired GBP/USD-L and GBP/USD-S tokens.

2

Pick a side

Sell the leg you don't want. Keep L to be long, S to be short.

3

Take it elsewhere

Post it as collateral on a lending market, or trade it on any Solana DEX.

When you can trade it

24/7 on Continuum (forex already trades 24/5)

UK data drops at 7am London, before most of the world is at a desk, and sterling has a history of moving hard on politics announced at odd hours. Bank of England decisions land at noon London.

What people do with GBP/USD

BOE rate decisions
UK economic data plays
Brexit-related volatility

The two legs

GBP/USD-L (Long Token)

Rises when British Pound / US Dollar does. Hold it as long as you like: there is no funding and no carry on the long leg.

GBP/USD-S (Short Token)

Rises when British Pound / US Dollar falls, which is what makes it a hedge. The short leg carries a volatility decay, so it is not free to hold.

Related markets

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Trade GBP/USD

The GBP/USD book is live. Long and short quotes, at whatever hour suits you.