entropy

Entropy is a trading platform for perpetual futures tied to crypto assets, public equities, commodities, indices and private markets. Through its interface, users access leveraged perpetual markets, including BTC, ETH, gold, oil, S&P 500, individual stocks and pre-IPO assets such as Anthropic. The platform aggregates markets from several onchain venues in the Hyperliquid ecosystem, including Hyperliquid, EntropyIO, XYZ, Paragon and Markets by Kinetiq. Entropy is not a tokenized stock issuer or an RWA issuer: the listed instruments are derivatives that provide price exposure to underlying markets, but do not represent ownership of equities, commodities or private-company shares.