CryptoCoinDeskabout 2 hours ago
Perpetual swaps explained: crypto's top trading instrument
1 min read
Perpetual swaps, or perps, process $40 to 50 trillion in annual crypto volume. BitMEX launched them in May 2015, eliminating expiry dates. A funding rate mechanism every eight hours keeps the contract price anchored to spot. Leverage up to 100x is available on some platforms.
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