The only market banned from the world's largest exchange. Now available for trading - exclusively on Morpher.
Yes, onions are a newly available market on Morpher. Morpher lets you trade every market with zero middlemen. None of our markets need exchanges, brokers, clearinghouses or custodians. So enabling you to trade onions just required us to find an accurate price feed.
We check grocery stores around the world for live and up-to-date prices on yellow onions. Everyday grocery stores are a fantastic pricing tool for commodities, as you may have noticed with your own grocery shopping. Changes in demand and supply get reflected in these stores very quickly.
Yes, trading onions on Morpher is legal. Specifically, onions are only illegal to trade in the US (on the Chicago Mercantile Exchange). As the largest futures exchange, the CME sets the tone for the rest of the world. So while trading onions is legal almost everywhere, very few countries have an onion market.
Look, we get that they make you cry every time you cook. Onions certainly aren't as exciting as Bitcoin, or as vital to your investment portfolio as Apple. But onions are actually an important global commodity, whether or not there is a futures market for them.
If you prefer your onions caramelized, we've added them to our cheesy Pizza Index (yes also a real market).
Leverage (magnifying your position up to 10x) and short-selling are not currently available for unique markets. We are actively exploring making this possible in the near future.
