Perpetual Contracts: The Crypto Trading Instrument That Took Over Markets

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Perpetual futures contracts, commonly known as 'perps,' are among the most actively traded financial instruments globally today. First introduced by cryptocurrency exchange BitMEX in 2015, they have grown rapidly in popularity within the crypto trading ecosystem. Unlike traditional futures, perps have no expiry date, allowing traders to hold positions indefinitely. Their unique structure and flexibility have made them a dominant tool for speculation and hedging in crypto markets.

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