The term “HODLing”, crypto slang for buying and holding an asset for a long time, has historically been almost exclusively associated with bitcoin and ether (ETH).
A trader has now applied the same long-term approach to perpetual futures linked to the euro-dollar pair (EUR/USD) listed on the decentralized exchange (DEX) Ostium, which is powered by Nasdaq data.
A trader has had a long position in EUR/USD worth $1,139,490 for 400 days, Ostrium said on Tuesday. The bullish bet expecting the euro to strengthen against the US dollar was opened around early June 2025. EUR/USD was trading above 1.14 at the time of writing, largely unchanged from where it was in June last year, but it rose as high as 1.2082 in January this year.
Onchain FX trading, offered by platforms such as Ostium, Gains Network, Synthetix, GMX and others, remains a very small part of the global traditional forex market, where daily trading volume exceeds USD 9 trillion.
Nevertheless, this single 400-day HODL on EUR/USD shows that some traders are comfortable using blockchain rails and perpetual contracts to take leveraged positions on large traditional assets.
