A crypto trader has held a long EUR/USD position worth more than $1 million on the decentralized exchange Ostium for 400 days, betting the euro will overtake the dollar. The pair sits back at 1.14, the same level as when the position opened in June 2025.
One trader has kept a more than $1 million long bet on the euro against the U.S. dollar open for 400 days, and the wager still has nothing to show for it. Ostium, a decentralized exchange that lets users trade leveraged perpetuals tied to stocks, commodities, and forex from their crypto wallets, disclosed the position on X.
A bet that has gone nowhere
The trader opened the long EUR/USD position in June 2025, wagering that the euro would grow stronger than the dollar. The pair was trading around 1.14 at the time.
It then climbed, rising as high as 1.2 in January 2026. But the move did not hold, and the pair has since fallen back to about 1.14 — the same level where the bet began.
The cost of holding on
Keeping the position open has not been free. The trader has absorbed a holding cost of approximately 2.3% per year on the wager.
Even so, they are not willing to close it. The trader hopes the euro will gain strength against the dollar in time, according to the exchange’s disclosure.
Why crypto rails carry forex bets
The position sits on a platform built for crypto, not currencies. Ostium offers perpetual futures tied to a range of assets. Its markets span SpaceX stock to Brent crude oil, alongside forex pairs.
For traders chasing leverage, these venues have become popular avenues to take highly leveraged long or short positions on perpetuals tied to U.S. stocks, gold, or forex.
Source: AOL.com
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