# Legend

> Legend is the social trading arena — trade stocks, commodities, crypto, and more; follow real traders, copy their trades, and challenge them head-to-head to climb the ranks.

Legend is a competitive, social trading app built on Hyperliquid. Traders trade perpetual futures on crypto, stocks, commodities and more with leverage, follow and copytrade the best traders, post rich-media trade notes, and compete 1v1 in the arena to climb the global ranks. The marketing site lives at www.legend.trade; the full trading terminal is at app.legend.trade.

## Product
- [Home](https://www.legend.trade): Product overview and onboarding.
- [Web app](https://app.legend.trade): The full trading terminal — trade, copytrade, and compete.
- [Esports](https://www.legend.trade/esports): The Legend Series competitive trading events.
- [Creators](https://www.legend.trade/creators): For traders and creators building an audience on Legend.
- [Careers](https://www.legend.trade/careers): Open roles on the team.
- [Blog](https://www.legend.trade/blog): Trading guides, market explainers, and product updates.
- [FAQ](https://www.legend.trade/faq): Answers to common questions about trading on Legend.

## Key concepts
- Perpetual futures (perps): Derivatives with no expiry, traded with leverage.
- Leverage: Amplify a position beyond deposited capital; raises both upside and liquidation risk.
- Copytrade: Automatically mirror another trader’s positions.
- Arena / duels: Head-to-head 1v1 trading competitions where traders battle on PnL.
- Clans: Teams of traders that compete and climb leaderboards together.
- Ranks: Global competitive standing earned through trading performance.
- Trade notes: Rich-media posts traders attach to positions for spectators to follow.
- Non-custodial: Trades settle on Hyperliquid; users keep custody of their funds.

## Guides
- [Can You Lose More Than You Invest in Crypto?](https://www.legend.trade/faq/can-you-lose-more-than-you-invest.md): Learn whether you can lose more than your initial investment in crypto trading, how liquidation protections work, and the role of isolated margin in limiting your downside.
- [Can You Make Money Trading Crypto?](https://www.legend.trade/faq/can-you-make-money-trading-crypto.md): Yes, you can make money trading crypto, but most traders lose. Learn what separates consistent winners - risk management, an edge, and discipline - from gamblers.
- [Can You Spectate Live Crypto Trades?](https://www.legend.trade/faq/can-you-spectate-crypto-trades.md): Yes — spectator modes let you watch skilled crypto traders execute trades in real time, offering a powerful way to learn strategies and read markets.
- [Can You Trade Crypto Against Your Friends?](https://www.legend.trade/faq/can-you-trade-against-friends.md): Learn how to trade crypto against your friends with 1v1 trading duels, group clan competitions, and leaderboards on Legend, decided by real trading performance.
- [Can You Trade Stocks on Legend?](https://www.legend.trade/faq/can-you-trade-stocks-on-legend.md): Yes — Legend lets you trade stock perps like TSLA, NVDA, AAPL, COIN and HOOD 24/7 from a self-custody wallet, alongside crypto, commodities and index perps.
- [CEX vs DEX: What's the Difference?](https://www.legend.trade/faq/cex-vs-dex.md): CEXs are centralized exchanges controlled by a company, while DEXs are decentralized exchanges running on smart contracts with no intermediary holding your funds.
- [Cross Margin vs Isolated Margin: What's the Difference?](https://www.legend.trade/faq/cross-margin-vs-isolated-margin.md): Cross margin shares your whole balance across positions, while isolated margin caps loss to one trade. Learn how each works and when to use them.
- [Do You Need KYC to Start Trading on Legend?](https://www.legend.trade/faq/do-you-need-kyc-to-trade.md): Learn whether you need KYC to start trading on Legend, how its self-custody onchain model works, and how it differs from the identity checks centralized exchanges require.
- [Does Autocopy Copy Existing Open Positions?](https://www.legend.trade/faq/does-autocopy-copy-existing-positions.md): Legend lets you choose whether Autocopy should include positions already open or begin only with positions the trader opens after you start.
- [Does Legend Have a Mobile App?](https://www.legend.trade/faq/does-legend-have-a-mobile-app.md): Learn about Legend's mobile trading options, including the iOS app, web app, and cross-platform support for trading on the go.
- [How Do Crypto Trading Competitions Work?](https://www.legend.trade/faq/how-do-trading-competitions-work.md): Crypto trading competitions pit traders against each other in structured formats with defined rules, time limits, and scoring based on real trading performance.
- [How Do I Start Trading on Hyperliquid?](https://www.legend.trade/faq/easiest-way-to-start-trading-on-hyperliquid.md): Choose a Hyperliquid interface, review mobile and web options, and check account setup, deposits, fees, and orders before trading.
- [How Do You Follow Top Crypto Traders?](https://www.legend.trade/faq/how-to-follow-crypto-traders.md): Follow top crypto traders by using leaderboards, analyzing verified track records, and leveraging social trading features to learn from proven performers.
- [How Do You Manage Risk in Crypto Trading?](https://www.legend.trade/faq/how-to-manage-risk.md): Risk management in crypto trading involves position sizing, stop losses, risk-reward ratios, and portfolio allocation rules that protect your capital from catastrophic losses.
- [How Do You Short Crypto?](https://www.legend.trade/faq/how-to-short-crypto.md): Shorting crypto means betting that a price will fall. Learn how to open a short with perpetual futures, how you profit, and the risks like liquidation and squeezes.
- [How Do You Spot a Crypto Rug Pull?](https://www.legend.trade/faq/how-to-spot-a-rug-pull.md): A rug pull is when a token team drains liquidity and abandons a project. Learn the red flags - anon teams, unlocked liquidity, tokenomics - and how to stay safe.
- [How Do You Trade Perpetual Futures?](https://www.legend.trade/faq/how-to-trade-perps.md): A step-by-step guide to trading perpetual futures in crypto, covering account setup, going long or short, choosing leverage, and managing risk.
- [How Do You Withdraw From Legend?](https://www.legend.trade/faq/how-to-withdraw-from-legend.md): Withdrawing from Legend means moving funds out of your self-custody wallet onchain. Learn the steps and how it differs from a centralized exchange withdrawal.
- [How Does Autocopy Profit Share Work?](https://www.legend.trade/faq/how-does-autocopy-profit-share-work.md): Autocopy traders can charge a displayed share of profits on winning copied trades. Learn where the rate appears and which other costs affect returns.
- [How Is Legend Different From a Centralized Exchange?](https://www.legend.trade/faq/how-is-legend-different-from-a-cex.md): Learn how Legend differs from a centralized exchange — self-custody instead of custodial, onchain transparency, perps across crypto and stocks, and a competitive layer.
- [How Much Money Do You Need to Start Trading Crypto?](https://www.legend.trade/faq/how-much-money-to-start-trading-crypto.md): Learn how much money you need to start trading crypto, why there is no large minimum, and how to choose a starting amount that fits your risk tolerance.
- [How Much Should I Allocate to Autocopy?](https://www.legend.trade/faq/how-much-should-i-allocate-to-autocopy.md): Choose an Autocopy allocation by reviewing your total risk budget, the trader’s drawdown, leverage, concentration, and overlap with your other positions.
- [How Much Should You Risk Per Trade?](https://www.legend.trade/faq/how-much-should-you-risk-per-trade.md): Learn the 1-2% rule for trade risk management, how to calculate position sizes, and why bankroll management is the key to long-term trading survival.
- [How to Avoid Emotional Trading](https://www.legend.trade/faq/how-to-avoid-emotional-trading.md): Emotional trading — driven by FOMO, revenge, greed, or fear — is the leading cause of losses among crypto traders. Learn practical strategies to maintain discipline.
- [How to Avoid Getting Liquidated in Crypto Trading](https://www.legend.trade/faq/how-to-avoid-liquidation.md): Practical strategies to avoid liquidation when trading crypto perpetual futures, including leverage discipline, margin management, and stop-loss placement.
- [How to Deposit Funds on Legend](https://www.legend.trade/faq/how-to-deposit-on-legend.md): Step-by-step guide to depositing USDC on Legend, including supported chains, bridging options, and tips for first-time depositors.
- [How to Set a Stop Loss on Perpetual Futures](https://www.legend.trade/faq/how-to-set-stop-loss.md): Learn how to set effective stop losses on perpetual futures trades, including different stop types, placement strategies, and how trailing stops can protect profits.
- [How to Start Trading on Legend](https://www.legend.trade/faq/how-to-start-trading-on-legend.md): A step-by-step guide to signing up, depositing funds, and placing your first trade on Legend — the competitive crypto trading platform.
- [Is Competitive Trading Gambling?](https://www.legend.trade/faq/is-competitive-trading-gambling.md): Is competitive trading gambling? An honest look at skill vs chance, verifiable track records, risk management, and what separates structured trading from a casino.
- [Is Copy Trading Safe?](https://www.legend.trade/faq/is-copy-trading-safe.md): Learn whether copy trading is safe, the real risks like drawdowns and over-allocation, and how to copy traders safely while keeping self-custody of your funds.
- [Is Legend Safe?](https://www.legend.trade/faq/is-legend-trade-safe.md): Learn about Legend's security model, including non-custodial architecture, on-chain settlement via Hyperliquid, and how your funds are protected.
- [Legend vs Discord Alpha & Signal Groups](https://www.legend.trade/faq/legend-vs-signal-groups.md): Compare Legend to Discord alpha and Telegram signal groups — on Legend the trade idea is the executed onchain trade, with verifiable track records and one-tap copy.
- [Limit Orders vs Market Orders: What's the Difference?](https://www.legend.trade/faq/what-are-limit-and-market-orders.md): Understand the difference between limit orders and market orders in crypto trading. Learn when to use each type, their pros and cons, and how they affect execution.
- [One-Tap Copy vs Autocopy: What Is the Difference?](https://www.legend.trade/faq/one-tap-copy-vs-autocopy.md): One-tap copy opens one selected trade, while Autocopy continuously mirrors a chosen trader. Learn how control, sizing, and exits differ.
- [Spot Trading vs Perpetual Futures: What's the Difference?](https://www.legend.trade/faq/spot-vs-perpetual-futures.md): Compare spot trading and perpetual futures in crypto. Understand ownership, leverage, risk profiles, and which approach suits different trading goals.
- [The Biggest Mistakes New Crypto Traders Make](https://www.legend.trade/faq/biggest-crypto-trading-mistakes.md): From overleveraging to chasing pumps, learn the most common mistakes that cause new crypto traders to lose money — and how to avoid each one.
- [What Are Crypto Trading Clans?](https://www.legend.trade/faq/what-are-crypto-trading-clans.md): Crypto trading clans are organized teams of traders who compete together, share strategies, and build collective reputations in competitive trading environments.
- [What Are Equity Perps (Stock Perpetuals)?](https://www.legend.trade/faq/what-are-equity-perps.md): Equity perps are perpetual futures that track a stock price, letting you go long or short with leverage and funding — price exposure without owning the share.
- [What Are Gas Fees in Crypto?](https://www.legend.trade/faq/what-are-gas-fees.md): Gas fees are the transaction costs paid to blockchain validators for processing and confirming your crypto transactions, varying by network congestion and complexity.
- [What Are Perpetual Futures?](https://www.legend.trade/faq/what-are-perpetual-futures.md): Perpetual futures are crypto derivatives contracts with no expiration date, allowing traders to speculate on asset prices using leverage and funding rates.
- [What Are Pre-IPO Perps?](https://www.legend.trade/faq/what-are-pre-ipo-perps.md): Pre-IPO perps are perpetual futures that track a private company before it goes public, letting you go long or short with no public shares to buy.
- [What Are Support and Resistance Levels?](https://www.legend.trade/faq/what-is-support-and-resistance.md): Support and resistance are key price levels where buying or selling pressure historically concentrates, forming the foundation of technical analysis and trade planning.
- [What Are the Trading Fees on Legend?](https://www.legend.trade/faq/what-are-legend-trading-fees.md): Understand venue fees, builder fees, funding, and copy-trading charges on Legend, and where to check the rate for your order.
- [What Are Trading Indicators?](https://www.legend.trade/faq/what-are-trading-indicators.md): Trading indicators are mathematical tools applied to price and volume data that help traders identify trends, momentum, overbought/oversold conditions, and potential entry or exit points.
- [What Blockchain Does Legend Use?](https://www.legend.trade/faq/what-chains-does-legend-support.md): Learn about Hyperliquid L1 — the purpose-built blockchain that powers Legend's on-chain perpetual futures trading with speed, transparency, and deep liquidity.
- [What Is a Crypto Trading Arena?](https://www.legend.trade/faq/what-is-a-crypto-trading-arena.md): A crypto trading arena is a structured competitive environment where traders are matched against opponents and compete on real trading performance.
- [What Is a Crypto Wallet?](https://www.legend.trade/faq/what-is-a-crypto-wallet.md): A crypto wallet stores the private keys that control your digital assets, with options ranging from self-custodial hardware wallets to embedded browser wallets.
- [What Is a Drawdown in Trading?](https://www.legend.trade/faq/what-is-a-drawdown.md): Understand what drawdowns are in trading, how to measure peak-to-trough declines, the psychology of drawdowns, and the math behind recovery.
- [What Is a Long Position in Crypto?](https://www.legend.trade/faq/what-is-a-long-position.md): A long position in crypto means buying an asset or contract expecting the price to rise. Learn how going long works, when to use it, and real examples.
- [What Is a Short Position in Crypto?](https://www.legend.trade/faq/what-is-a-short-position.md): A short position lets you profit when a crypto asset's price falls. Learn how shorting works, the mechanics behind it, and when traders go short.
- [What Is a Short Squeeze?](https://www.legend.trade/faq/what-is-a-short-squeeze.md): A short squeeze happens when rising prices force short sellers to buy back, pushing the price even higher. Learn the mechanics, why it happens, and how to avoid it.
- [What Is a Stablecoin?](https://www.legend.trade/faq/what-is-a-stablecoin.md): A stablecoin is a crypto token pegged to a stable asset like the US dollar. Learn the types, how the peg is held, and how they are used as trading collateral.
- [What Is a Take-Profit Order?](https://www.legend.trade/faq/what-is-take-profit.md): A take-profit order automatically closes your position at a predetermined profit target, helping traders lock in gains and remove emotional decision-making from exits.
- [What Is a Trade Feed?](https://www.legend.trade/faq/what-is-a-trade-feed.md): A trade feed is a real-time social stream of trading activity where traders share positions, PnL results, and market commentary with their community.
- [What Is a Trading Duel?](https://www.legend.trade/faq/what-is-a-trading-duel.md): A trading duel is a 1v1 competition where two crypto traders wager against each other, competing on PnL performance over a set time period.
- [What Is a Trading Leaderboard?](https://www.legend.trade/faq/what-is-a-trading-leaderboard.md): A trading leaderboard ranks crypto traders by verified performance metrics like PnL, win rate, and ROI, showing who the best traders actually are.
- [What Is an Order Book in Crypto?](https://www.legend.trade/faq/what-is-an-order-book.md): An order book displays all open buy and sell orders for a trading pair. Learn how to read bids, asks, spread, and depth to make better trading decisions.
- [What Is Autocopy in Crypto Trading?](https://www.legend.trade/faq/what-is-autocopy.md): Autocopy is Legend's continuous copy-trading feature. Choose a trader, set an allocation, and mirror their position changes proportionally in your own wallet.
- [What Is Competitive Crypto Trading?](https://www.legend.trade/faq/what-is-competitive-crypto-trading.md): Competitive crypto trading transforms market speculation into a skill-based sport where traders compete head-to-head on profit and loss performance.
- [What Is Copy Trading?](https://www.legend.trade/faq/what-is-copy-trading.md): Copy trading lets you mirror another crypto trader. On Legend, copy one trade with one tap or use Autocopy to follow their positions continuously.
- [What Is Crypto Trading Esports?](https://www.legend.trade/faq/what-is-crypto-trading-esports.md): Crypto trading esports is an emerging competitive category where traders compete in structured tournaments with spectators, rankings, and prize pools.
- [What Is Day Trading in Crypto?](https://www.legend.trade/faq/what-is-day-trading-crypto.md): Day trading in crypto involves opening and closing all positions within a single day, using technical analysis and market momentum to profit from intraday price movements.
- [What Is DeFi?](https://www.legend.trade/faq/what-is-defi.md): DeFi (decentralized finance) is a system of financial services built on blockchain smart contracts that operate without banks, brokers, or other traditional intermediaries.
- [What Is HIP-3?](https://www.legend.trade/faq/what-is-hip-3.md): HIP-3 is Hyperliquid’s standard for builder-deployed perp markets, letting builders like Trade[XYZ] list stock, commodity, FX, index, and pre-IPO perps.
- [What Is Legend?](https://www.legend.trade/faq/what-is-legend-trade.md): Learn about Legend — the competitive crypto trading platform built on Hyperliquid that combines perpetual futures trading with social features, 1v1 duels, and public leaderboards.
- [What Is Leverage in Crypto Trading?](https://www.legend.trade/faq/what-is-leverage-in-crypto.md): Leverage in crypto trading lets you control a larger position with less capital. Learn how it works, common ratios, and the risks involved.
- [What Is Liquidation in Crypto Trading?](https://www.legend.trade/faq/what-is-liquidation.md): Liquidation occurs when a leveraged position is forcibly closed because your margin can no longer cover losses. Learn how it works and how to avoid it.
- [What Is Margin Trading in Crypto?](https://www.legend.trade/faq/what-is-margin-trading.md): Margin trading lets you borrow funds to trade larger positions. Learn about isolated vs cross margin, collateral requirements, and the risks involved.
- [What Is Market Cap in Crypto?](https://www.legend.trade/faq/what-is-market-cap.md): Understand what market capitalization means in crypto, how it's calculated, why it matters for traders, and the difference between large-cap and small-cap tokens.
- [What Is On-Chain Trading?](https://www.legend.trade/faq/what-is-onchain-trading.md): On-chain trading means executing and settling trades directly on a blockchain, creating a transparent, verifiable record of every transaction that anyone can audit.
- [What Is Open Interest in Perpetual Futures?](https://www.legend.trade/faq/what-is-open-interest.md): Learn what open interest means in perpetual futures trading, how it relates to price movements, and how traders use OI to identify potential squeezes.
- [What Is PnL in Crypto Trading?](https://www.legend.trade/faq/what-is-pnl.md): PnL (Profit and Loss) measures your trading performance. Learn the difference between realized and unrealized PnL, how to calculate it, and why tracking it matters.
- [What Is Portfolio Diversification in Crypto?](https://www.legend.trade/faq/what-is-portfolio-diversification.md): Understand how portfolio diversification works in crypto trading, including spreading risk across assets, managing correlation, and smart position allocation.
- [What Is Position Sizing in Crypto Trading?](https://www.legend.trade/faq/what-is-position-sizing.md): Position sizing determines how much capital to allocate to each trade based on your risk tolerance, stop loss distance, and account size — the cornerstone of professional risk management.
- [What Is Risk-to-Reward Ratio?](https://www.legend.trade/faq/what-is-risk-reward-ratio.md): Risk-to-reward ratio (R:R) compares potential loss to potential gain on a trade. A 1:2 ratio means risking $1 to make $2, and is considered the minimum for sustainable trading.
- [What Is Scalping in Crypto Trading?](https://www.legend.trade/faq/what-is-scalping.md): Scalping is a high-frequency trading strategy where traders make dozens of quick trades to capture small price movements, profiting from micro-fluctuations in volatile crypto markets.
- [What Is Slippage in Crypto Trading?](https://www.legend.trade/faq/what-is-slippage.md): Slippage is the difference between the expected price of a trade and the actual execution price. Learn why it happens, how it affects your trades, and how to minimize it.
- [What Is Social Trading in Crypto?](https://www.legend.trade/faq/what-is-social-trading.md): Social trading combines crypto trading with social networking, letting traders follow each other, share strategies, and build communities around market activity.
- [What Is Swing Trading in Crypto?](https://www.legend.trade/faq/what-is-swing-trading.md): Swing trading is a strategy where traders hold positions for several days to weeks, aiming to capture medium-term price swings driven by trends and market momentum.
- [What Is Technical Analysis in Crypto?](https://www.legend.trade/faq/what-is-technical-analysis.md): Technical analysis uses price charts, patterns, and indicators to forecast future price movements in crypto markets, helping traders identify entries, exits, and trends.
- [What Is the Crypto Fear and Greed Index?](https://www.legend.trade/faq/what-is-the-fear-and-greed-index.md): The Crypto Fear and Greed Index scores market sentiment from 0 (extreme fear) to 100 (extreme greed). Learn what it measures, its inputs, and how traders use it.
- [What Is the Funding Rate in Perpetual Futures?](https://www.legend.trade/faq/what-is-funding-rate.md): The funding rate is a periodic payment between long and short traders that keeps perpetual futures prices aligned with the spot market. Learn how it works.
- [What Is the Legend Arena?](https://www.legend.trade/faq/what-is-the-legend-arena.md): Learn how the Legend Arena works — the competitive 1v1 trading matchmaking system where traders wager, compete in real-time, and prove their skill.
- [What Is Trading Volume?](https://www.legend.trade/faq/what-is-trading-volume.md): Learn what trading volume means in crypto, why volume spikes matter, how to use volume to confirm trends, and what low volume signals.
- [What Is Volatility in Crypto?](https://www.legend.trade/faq/what-is-volatility.md): Understand what volatility means in crypto markets, why crypto is more volatile than traditional assets, how to measure it, and strategies for trading volatile markets.
- [Why Do Stock Perps Trade 24/7?](https://www.legend.trade/faq/why-do-stock-perps-trade-24-7.md): Stock perps trade 24/7 because they are onchain perpetual futures, not exchange-listed shares — so they keep trading nights, weekends, and holidays.

## Learn
- [Hyperliquid Mobile App: Trading on iPhone and Android](https://www.legend.trade/learn/hyperliquid-mobile-app.md): Compare ways to trade Hyperliquid markets on iPhone and Android, find Legend’s app downloads, and understand wallets, mobile orders, fees, and Autocopy.
- [Hyperliquid Trading Fees: Maker, Taker, Builder Fees and Funding](https://www.legend.trade/learn/hyperliquid-trading-fees.md): Understand Hyperliquid trading costs with a worked example: maker and taker fees, app builder fees, funding, slippage, and the difference between margin and notional.
- [Copy Trading Risk Management: A Practical Autocopy Framework (2026)](https://www.legend.trade/learn/copy-trading-risk-management.md): Manage crypto copy-trading risk with clear Autocopy allocations, drawdown limits, diversification checks, leverage review, and an exit process.
- [Crypto Copy Trading Guide: One-Tap Copy and Autocopy (2026)](https://www.legend.trade/learn/crypto-copy-trading-guide.md): Learn how crypto copy trading works, when to copy one trade, when to Autocopy a trader, and how to manage allocation, leverage, and drawdown risk.
- [How to Choose a Copy Trader: 10 Metrics That Matter (2026)](https://www.legend.trade/learn/how-to-choose-a-copy-trader.md): Learn how to evaluate a crypto copy trader using drawdown, leverage, consistency, open PNL, concentration, activity, and verifiable trading history.
- [Hyperliquid Copy Trading: How Autocopy Works Onchain (2026)](https://www.legend.trade/learn/hyperliquid-copy-trading.md): A practical guide to Hyperliquid copy trading, including onchain track records, proportional Autocopy sizing, self-custody, execution differences, and risk.
- [Legend vs Binance: Which Should You Trade Perps On? (2026)](https://www.legend.trade/learn/legend-vs-binance.md): A head-to-head between Legend and Binance — custody, fees, market breadth, and liquidations compared, with a straight answer on which fits which kind of trader.
- [Legend vs Coinbase: Spot Ownership or Onchain Perps? (2026)](https://www.legend.trade/learn/legend-vs-coinbase.md): A head-to-head between Legend and Coinbase — flat perp fees, shorting, and self-custody against a regulated US exchange where you can buy and withdraw the coin.
- [Legend vs Hyperliquid: Front-End or Protocol Directly? (2026)](https://www.legend.trade/learn/legend-vs-hyperliquid.md): Legend runs on Hyperliquid. Compare the protocol interface with a front-end that adds stocks, one-tap copy, Autocopy, and mobile apps.
- [Legend vs Robinhood: Stocks, Hours, and Who Holds Your Money (2026)](https://www.legend.trade/learn/legend-vs-robinhood.md): A head-to-head between Legend and Robinhood — 24/7 equity perps and self-custody against a commission-free US broker where you actually own the shares.
- [How to Express the Weak-Yen Trade](https://www.legend.trade/learn/how-to-express-the-weak-yen-trade.md): How to express the weak-yen trade on Legend — short JPY and go long JP225, the Nikkei, with SOFTBANK and EWJ as add-ons as a weak yen lifts Japanese exporters.
- [How to Trade Crypto Stocks](https://www.legend.trade/learn/how-to-trade-crypto-stocks.md): How to trade crypto stocks on Legend — go long crypto-beta equities COIN, CRCL, HOOD, MSTR, or trade the MSTR-versus-BTC premium as a pair.
- [How to Express the AI Power Trade](https://www.legend.trade/learn/how-to-express-the-ai-power-trade.md): How to express the AI power trade on Legend — go long the energy that AI data centers consume: URANIUM, URNM, NATGAS, TTF, XLE, plus AI-infra CRWV and NBIS.
- [How to Express the Memory Supercycle Trade](https://www.legend.trade/learn/how-to-express-the-memory-supercycle-trade.md): How to express the memory supercycle trade on Legend — go long DRAM and HBM names MU, SNDK, KIOXIA, SKHX, SMSN and the DRAM index as the memory upcycle plays out.
- [How to Express the Dollar Debasement Trade](https://www.legend.trade/learn/how-to-express-the-dollar-debasement-trade.md): How to express the dollar debasement trade on Legend — go long hard assets like GOLD, SILVER, PLATINUM, and BTC, and short the dollar index DXY, in one self-custody account.
- [How to Express the Food Inflation Trade](https://www.legend.trade/learn/how-to-express-the-food-inflation-trade.md): How to express the food inflation trade on Legend — go long CORN and WHEAT on supply shocks and inflation, with a clear look at the weather and seasonality risks.
- [How to Express the Oil Trade](https://www.legend.trade/learn/how-to-express-the-oil-trade.md): How to express the oil trade on Legend — go long CL (WTI) or BRENTOIL on a crude view, add XLE and NATGAS as adjacent energy plays, or trade the Brent-WTI spread.
- [How to Express the Risk-Off Trade](https://www.legend.trade/learn/how-to-express-the-risk-off-trade.md): How to express the risk-off trade on Legend — long GOLD, DXY, and VIX as hedges and short SP500, BTC, and high-beta names when markets turn fearful.
- [How to Trade the Magnificent Seven](https://www.legend.trade/learn/how-to-trade-the-magnificent-seven.md): How to trade the Magnificent Seven on Legend — go long the big-tech basket AAPL, MSFT, GOOGL, AMZN, META, NVDA, TSLA, or run a relative-value spread versus SP500.
- [How to Trade the US Dollar (DXY)](https://www.legend.trade/learn/how-to-trade-the-us-dollar.md): How to trade the US dollar on Legend — go long DXY for a strong-dollar view or short DXY for a weak-dollar view, and pair it against GOLD as relative value.
- [How to Do Pairs Trades](https://www.legend.trade/learn/how-to-do-pairs-trades.md): How to do pairs trades on Legend — go long one asset and short a related one to isolate a spread, balance the legs by notional, and trade relative value across markets.
- [How to Trade the Gold-Silver Ratio](https://www.legend.trade/learn/how-to-trade-the-gold-silver-ratio.md): How to trade the gold-silver ratio on Legend — a relative-value trade using the GOLD and SILVER perps. Learn to go long one metal and short the other and balance the legs.
- [Binance Alternatives: Onchain Perps Without a Custodial Exchange (2026)](https://www.legend.trade/learn/binance-alternatives.md): Looking for Binance alternatives? Compare the world's largest custodial crypto exchange with onchain perps where you keep your own keys.
- [BingX Alternatives: Onchain Copy Trading (2026)](https://www.legend.trade/learn/bingx-alternatives.md): Looking for BingX alternatives? Compare custodial copy trading with onchain copy trading where you keep custody and copied traders' records are verifiable.
- [eToro Alternatives: Onchain Copy & Social Trading (2026)](https://www.legend.trade/learn/etoro-alternatives.md): Looking for eToro alternatives? Compare custodial copy trading with opaque track records to onchain copy and social trading where every record is verifiable.
- [fomo Alternatives: Compare Social Trading and Autocopy (2026)](https://www.legend.trade/learn/fomo-alternatives.md): Comparing fomo and Legend? See how social discovery, automatic copy trading, costs, and competitive rankings differ, with links to product documentation.
- [How to Express the AI Trade](https://www.legend.trade/learn/how-to-express-the-ai-trade.md): How to express the AI trade on Legend — get AI and semiconductor exposure with perps on NVDA, AMD, ARM, AVGO, ASML, TSM, MRVL, the SMH index, and AI-infrastructure names.
- [Kraken Alternatives for Self-Custody Traders (2026)](https://www.legend.trade/learn/kraken-alternatives.md): Looking for Kraken alternatives? Compare a security-focused custodial exchange with self-custody onchain trading where you never hand over custody at all.
- [liquid.trade Alternatives: Social & Competitive Hyperliquid Trading (2026)](https://www.legend.trade/learn/liquid-alternatives.md): Looking for liquid.trade alternatives? Compare AI-assisted leveraged trading with Legend's social and competitive layer on the same broad Hyperliquid markets.
- [OKX Alternatives: Self-Custody Onchain Derivatives (2026)](https://www.legend.trade/learn/okx-alternatives.md): Looking for OKX alternatives? Compare a large global custodial derivatives exchange with onchain perps where you hold your own funds and settlement is transparent.
- [Webull Alternatives: Trade Stocks and Crypto Onchain (2026)](https://www.legend.trade/learn/webull-alternatives.md): Looking for Webull alternatives? Compare a market-hours US broker with a self-custody app that trades stocks and crypto onchain, 24/7, with leverage.
- [Hyperliquid Trading Apps Compared: Mobile, Fees and Copy Trading](https://www.legend.trade/learn/best-hyperliquid-trading-apps.md): Compare Hyperliquid interfaces by mobile access, wallet setup, costs, and copy-trading workflow, with links to current product documentation.
- [Coinbase Alternatives for Self-Custody Traders (2026)](https://www.legend.trade/learn/coinbase-alternatives.md): Compare Coinbase alternatives for self-custody traders in 2026 — custodial CEX vs onchain trading, plus how Legend adds perps and competitive trading.
- [Thesis Trades: How to Express a Market View](https://www.legend.trade/learn/how-to-express-a-thesis-trade.md): Learn how to express a thesis trade on Legend — turn a macro, sector, or relative-value view into real long and short positions across crypto, stocks, commodities, and FX.
- [Robinhood Alternatives: Onchain Trading Apps (2026)](https://www.legend.trade/learn/robinhood-alternatives.md): Looking for Robinhood alternatives? Compare custodial, market-hours brokerages with onchain trading apps that offer self-custody, 24/7 perps, and crypto plus stocks.
- [How to Trade Stocks Onchain With Perps (2026)](https://www.legend.trade/learn/trade-stocks-onchain-with-perps.md): Learn how to trade stocks onchain with perps — go long or short TSLA, NVDA, AAPL and more, 24/7, self-custody, with leverage on Hyperliquid via Trade[XYZ].

## Blog
- [Season One: Road to Seoul](https://www.legend.trade/blog/legend-season-one.md): Season One is our on-platform leaderboard competition, with weekly prizes and one final destination: LTS Seoul.
- [Legend Raises $3.5M Seed Round](https://www.legend.trade/blog/seed-round-announcement.md): Legend has raised a $3.5M seed round led by Electric Capital, with participation from Amber and GSR, bringing our total raised to over $5 million.
- [The Future of On-Chain Perpetual Futures](https://www.legend.trade/blog/future-of-onchain-perps.md): Explore where the on-chain perpetual futures market is heading — from L1/L2 innovations and latency improvements to the structural advantages that will make on-chain trading dominant.
- [DeFi Trading vs Centralized Exchanges: The Full Comparison](https://www.legend.trade/blog/defi-trading-vs-centralized-exchanges.md): A comprehensive comparison of DeFi and centralized exchange trading covering custody, transparency, speed, fees, KYC requirements, and counterparty risk to help you choose the right venue.
- [Self-Custody Trading: Why Owning Your Keys Matters](https://www.legend.trade/blog/self-custody-trading.md): Understand why self-custody is essential for crypto traders — from FTX lessons and counterparty risk to how embedded wallets and non-custodial platforms make it seamless.
- [On-Chain vs Off-Chain Trading: Why Transparency Matters](https://www.legend.trade/blog/onchain-vs-offchain-trading.md): Understand the fundamental differences between on-chain and off-chain crypto trading — from counterparty risk and self-custody to verifiable execution and why transparency is the future.
- [The Beginner's Guide to Perpetual Futures Trading](https://www.legend.trade/blog/beginners-guide-to-perpetual-futures.md): Everything you need to know about perpetual futures contracts — what they are, how they work, and why they've become the most popular way to trade crypto.
- [What Is Hyperliquid? The L1 Powering On-Chain Perps](https://www.legend.trade/blog/what-is-hyperliquid.md): A comprehensive overview of Hyperliquid — the purpose-built Layer 1 blockchain designed for high-performance perpetual futures trading with on-chain order books and sub-second execution.
- [Legend Raises $1.5M Pre-Seed](https://www.legend.trade/blog/pre-seed-announcement.md): We're excited to announce our $1.5M pre-seed round to build the first competitive trading platform for crypto.

## Full content
- [llms-full.txt](https://www.legend.trade/llms-full.txt): All guides and blog posts inlined as markdown for full LLM context.

## Optional
- [Privacy policy](https://www.legend.trade/privacy)
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