I've encountered the term 'perps' in the context of cryptocurrency, but I'm not sure what it means. Can someone explain the definition and usage of 'perps' in the crypto world?
7 answers
NebulaPulse
Fri Nov 01 2024
BTCC, a top cryptocurrency exchange, offers a comprehensive range of services related to perpetual futures.
Silvia
Fri Nov 01 2024
Unlike traditional futures contracts, perpetual futures do not require traders to own the underlying assets they are speculating on.
SakuraPetal
Fri Nov 01 2024
This feature makes perpetual futures an attractive option for traders who wish to profit from price fluctuations without the hassle of owning the actual assets.
SeoulSoul
Fri Nov 01 2024
Perpetual futures, also known as perps, represent a unique class of derivative contracts.
EchoSolitude
Fri Nov 01 2024
The mechanics of perpetual futures enable traders to take both long and short positions.