The term “HODLing,” crypto slang for purchasing and holding an asset for a long period of time, has historically been associated almost exclusively with bitcoin. and ether (ETH).
A trader has now applied the same long-term approach to perpetual futures contracts linked to the Euro-Dollar (EUR/USD) pair listed on the decentralized exchange (DEX) Ostium, powered by Nasdaq data.
One trader held 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, virtually unchanged from its level in June of last year, but it climbed as high as 1.2082 in January of this year.
On-chain currency trading offered by platforms such as Ostium, Gains Network, Synthetix, GMX and others remains a tiny fraction of the global traditional forex market, which sees daily trading volume exceed $9 trillion.
Nonetheless, this single 400-day HODL on EUR/USD demonstrates that some traders are comfortable with using blockchain rails and perpetual contracts to take leveraged positions in major traditional assets.
