Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Investors are ramping up bets against Oracle’s credit:
Oracle’s, $ORCL, 5-year credit default swaps (CDS) are up to 191 basis points, the highest since the 2008 Financial Crisis peak.
Company’s CDS have QUADRUPLED since mid-2025, meaning protection against Oracle’s default now costs ~$191,000 for every $10 million of principal.
By comparison, the 2022 bear market peak was ~127 basis points.
This comes as Oracle’s CDS has become a preferred instrument for investors to hedge or bet against AI debt, as Big Tech is issuing debt at an unprecedented pace to finance AI.
Oracle also has the most-liquid investment-grade CDS, with average weekly trades hitting as much $830 million.
Meanwhile, JPMorgan is now offering a basket of CDS covering $GOOGL, $AMZN, $META, $MSFT, and $ORCL, providing a new way to bet against the Big Tech debt.
Oracle’s credit risk is up to 2008 levels.