Perpetual Contracts
In the world of crypto derivatives, there is a financial instrument called the โ€œinverse perpetual contractโ€ or โ€œcoin-margined perpetual contractโ€ that acts as a futures contract with no expiry date.
It uses USD as the quote asset but is margined and settled in the base asset, which is usually a cryptocurrency like BTC or ETH. It is currently one of the most traded instruments on centralized cryptocurrency exchanges.
Last modified 3mo ago
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