What is a perp in bitcoin?

The concept of perpetual futures was first introduced by Nobel Prize-winning economist Robert Shiller in 1991. Shiller's theoretical framework laid the groundwork for the development of these instruments, which have since evolved to become a popular tool in the financial world.

Perpetual futures differ from traditional futures contracts in that they do not have an expiration date. This means that traders can hold their positions for an indefinite period, making them ideal for those who wish to maintain exposure to the market without the need to constantly roll over their contracts.

Perpetual futures, commonly referred to as "perps," are a sophisticated financial instrument that falls under the category of derivative contracts. They offer investors the unique opportunity to engage in continuous speculation regarding the potential future price movements of a particular underlying asset.

One of the leading cryptocurrency exchanges that offers perpetual futures trading is BTCC. As a top player in the industry, BTCC provides a comprehensive range of services to traders, including spot trading, futures trading, and digital wallet solutions.

The BTCC platform is designed to cater to the needs of both experienced and novice traders. Its user-friendly interface and robust security measures make it a safe and convenient platform for trading perpetual futures and other financial instruments.